Ripple XRP Surges 2.09% Amid Debate Over Company's Selling Rights

Generated by AI AgentCoin World
Friday, Mar 7, 2025 8:28 am ET1min read
XRP--

Ripple’s Chief Technology Officer, David Schwartz, has recently sparked a significant debate within the cryptocurrency community by asserting that the company has the right to sell its XRP holdings at any time. This statement challenges the notion that Ripple is obligated to support the value of XRP, a perspective that aligns with Schwartz's emphasis on the company acting in its own best interest.

Schwartz's remarks came in response to concerns raised by Pierre Rochard, who warned that Ripple is not bound by any obligation to maintain the value of XRP. This perspective has intensified the debate over Ripple's influence on the XRP market, with some arguing that the company's sales are necessary for operations, while others fear that consistent XRP sell-offs could negatively impact prices.

Schwartz's comments have reignited investor concerns about market stability, especially after XRP's recent breakout performance. The debate has also highlighted the potential risks and benefits of Ripple's ability to sell its reserves, with some viewing it as a power move and others as a risky bet that could destabilize the market. The ongoing legal battles and market volatility have added to the uncertainty, making it difficult for investors to predict the future of XRP.

Adding to the chaos, blockchain investigator ZachXBT recently revealed that wallets linked to Ripple co-founder Chris Larsen still hold over $7 billion worth of XRP. These addresses had been inactive for years but were reactivated in early 2025. Over $109 million worth of XRP was transferred to exchanges in January alone, raising speculation about future sales. Some argue that Larsen may no longer control these funds, while others worry that if large amounts are liquidated, it could put further downward pressure on XRP’s price.

Despite the uncertainty surrounding Ripple’s influence over XRP supply, the digital asset has seen a brief recovery over the past few days. The asset is trading at $2.55, up 2.09% over the past 24 hours. The asset experienced a notable surge following an announcement that it would be included in the strategic crypto reserve. Despite some turbulence following the announcement, the asset is showing strength again, and experts have high expectations for it in the short and long term.

Crypto experts have urged the community not to depend solely on Ripple to raise XRP’s prices. They pointed to adoption and innovation as better growth drivers

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