Ripple CTO Defends XRP Utility Amid Criticism Over Low XRPL Activity
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Ripple's CTO David Schwartz countered criticism about XRP's low trading volume by highlighting the XRP Ledger's extensive capabilities, including cross-border payments, tokenization, NFTs, and upcoming smart contract functionality. The platform has already created over 7.7 million NFTs and launched a USD-backed stablecoin, demonstrating its evolving ecosystem.
March 24, 2025 | 5:30 am
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Ripple's defense of XRP's utility and ongoing platform developments could positively influence investor perception and potentially drive short-term price movement.
The CTO's detailed rebuttal of low volume criticism, combined with concrete platform developments like NFT support and stablecoin launch, suggests growing utility that could attract investor attention.
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IMPORTANCE 85
RELEVANCE 100