Is XRP Still Undervalued? Ripple CTO Weighs In After Price Jump
2025-07-15 10:08:58
Main Idea
Ripple CTO David Schwartz discusses the recent price surge of XRP and emphasizes its long-term utility, particularly through its use on EVM-compatible chains, while also noting the bullish market sentiment.
Key Points
1. Ripple CTO David Schwartz highlights the importance of bull markets in rewarding investors but stresses the long-term utility of XRP in solving real-world problems.
2. Ripple has shifted focus to developing the XRPL chain to enhance XRP's utility, with Schwartz noting the significance of wrapped XRP on EVM-compatible chains for adoption.
3. XRP's price surged over 25% in the past week, trading at around $2.84, with technical analysis suggesting a potential breakout towards its all-time high of $3.4.
4. The recent Ethereum price pump above $3k has boosted bullish sentiment across the altcoin market, including XRP.
Description
David Schwartz says that XRP price will correlate with its utility value in the long term despite the headwinds in the short term. Ripple CTO believes the adoption of XRP as a wrapped version on other chains is crucial for its long-term growth. XRP price is on the cusp of entering its euphoric phase of the 2025 altseason. Ripple Labs’ chief technology officer (CTO) David Schwartz has welcomed the recent crypto pump- led by Ethereum (ETH) and XRP. Schwartz noted that he is of the view that bull m...
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