The encryption market begins the week with a slight decline. XRP is currently trading of about $ 0.617, a decrease of 0.63 % in the past 24 hours. This comes as Bitcoin also fell slightly after touching the resistance level of $ 95700 last week. Meanwhile, Bitcoin’s display on the stock exchanges is still decreasing, which may lead to the supply crisis if the demand remains strong. Some analysts believe this can eventually push prices up.
This week is also huge for the wider financial market, as it has reached about 40 % of the S&P 500 companies for profits. Big names such as Meta, Microsoft, Amazon and Apple will be released. These calls can affect profits on US government policies, especially if major companies express their concern about economic challenges such as definitions.
XRP remained under pressure since its peak in January, partly due to the total factors and organizational uncertainty. However, modern data on the series shows that more than 838 million XRP has been transferred in just 24 hours-renewing the strong network activity, although it is not necessarily immediate price gains.
In an interview with him recently with Bloomberg, the CEO of Ripple Brad Garlinghouse has indirectly hinted to the possibility of XRP to match the Bitcoin price one day. When talking about the role of XRP in solving financial problems trillion dollars, Garinghouse said that Ripple is working closely with banks and organizers-even in unconfirmed environments.
He explained that by working with the financial system instead of it, XRP can expand its scope worldwide. His comments indicate that XRP has a tool, partnerships and long -term vision needed to eventually compete with bitcoin in value.
