Expert Says XRP Tail Is Wagging the Crypto Dog. Here’s the Significance

Key Points

1. Vincent Van Code asserts that XRP often surges ahead of other tokens, triggering broader market volatility.

2. Centralized exchanges (CEXs) are criticized for unchecked influence, unfair practices, and lack of transparency, with Binance cited as an example.

3. Advocates push for decentralized exchanges (DEXs), with the XRP Ledger DEX highlighted for its transparency and verifiable liquidity flows.

4. The XRPL DEX is seen as a way to support a fairer and more stable trading environment for XRP and Ripple's stablecoin RLUSD.

5. The article suggests that the crypto market's synchronized movements may be driven by centralized exchange dynamics rather than natural free-market forces.