XRP Metrics Flash Caution as Ripple CTO Touts XRPL’s Pivotal Role

Key Points

1. XRP has dropped 11% this week and 2% in 24 hours, cooling off after a 40% surge earlier this month, with 93% of supply still in profit.

2. Analysts suggest caution, noting that if bulls hold key support levels, XRP could make another run toward higher prices.

3. Ripple CTO David Schwartz reaffirmed XRP's core focus, highlighting its utility as a bridge currency in a multi-stablecoin ecosystem.

4. Schwartz emphasized that increased adoption of the XRP Ledger (XRPL) will drive XRP's utility and position it as a liquidity backbone in global asset interoperability.

5. XRP faces a wait-and-see sentiment after retreating from its all-time high of $3.65.