Gary Cardone, a renowned financial expert, has sparked excitement with a cryptic tweet hinting at a major development on the horizon for XRP. His military-themed message metaphorically described an upcoming event, stating, “XRP – LAUNCH PAD IS: Green… Proceed with launch codes,” suggesting a potential significant price surge for the cryptocurrency. This revelation is particularly notable given XRP’s recent subdued price performance, with a daily decline of 0.17% and a modest 2.3% gain over the past week. Currently priced at $0.5438, investors who purchased XRP a month ago are facing a 4.5% loss, while those who invested a year ago are only seeing a 9.9% profit. Cardone’s tweet has fueled speculation and anticipation within the crypto community, raising expectations for a possible breakthrough in XRP’s market performance.
Cardone’s recent statements have ignited hope within the crypto community, indicating that XRP is poised for a significant “launch”. His assertion that the “launch pad is green” hints at a potential breakthrough, even as the market faces challenging numbers. Though specifics remain undisclosed, the excitement around XRP suggests a possible price rally is on the horizon. This developing story is explored in-depth in BTCC’s Crypto Academy, providing valuable insights into the digital asset’s future.
- XRP Community’s Reaction: What’s Next?
- Skeptics Voice Their Opinions?
- Ripple (XRP) Price: What’s Driving the Market?
- XRPL Labs Founder Advocates for Dramatic 90% Fee Reduction?
XRP Community’s Reaction: What’s Next?
The XRP community is buzzing with excitement following Cardone’s latest bullish post, which has sparked mixed reactions from skeptics. Notably, Cardone, who has been relatively quiet on XRP this year with only three mentions, is back in the spotlight. Zach Rector, a prominent figure in the community, commented on the post, stating, “Gary is coming onboard the XRP train.” Echoing Cardone’s sentiment, X user John Eiid added that many are too comfortable to recognize XRP’s potential. He believes that XRP “is about to take off,” and only those who dare to ride the wave will achieve success.
Skeptics Voice Their Opinions?
Not everyone is sold on the promise of XRP. David Branscum, a Bitcoin advocate, mocked Cardone’s bullish view on XRP, suggesting that trading dollars for XRP is like exchanging for something even more worthless. Elsewhere in the community, humorous memes circulated, predicting that XRP would languish around $0.50 for years, poking fun at the overhyped expectations surrounding the cryptocurrency, despite the general optimism in the market.
Ripple (XRP) Price: What’s Driving the Market?
XRP price surged to $0.57 on Oct 17, fueled by XRPL founder Wietse Wind’s recent comments. The bullish breakout followed weeks of sluggish performance, indicating a potential shift in market sentiment for the cryptocurrency.
XRPL Labs Founder Advocates for Dramatic 90% Fee Reduction?
Wietse Wind, founder of the XRPL Labs, has recently proposed a drastic 90% reduction in the XRP Ledger (XRPL) account reserve fee. This significant cut, from 10 XRP (approx. $5.50) to just 1 XRP ($0.55), aims to enhance the accessibility of the XRPL, particularly for users in economically disadvantaged regions. Wind expressed his views on the social media platform X (previously known as Twitter), highlighting that the current 10 XRP reserve requirement, which remains inaccessible during an account’s active status, has become a hindrance to the network’s growth. While the reserve system is intended to prevent ledger clutter with spam or unused accounts, Wind contends that it is now disproportionately restricting new retail users from joining the XRPL community. This proposed fee reduction could potentially pave the way for a more inclusive and widespread adoption of the XRPL.
XRP has seen a significant price surge in the last 24 hours, indicating that the latest developments within the community have been met with enthusiasm. Since the crypto market rally kicked off on October 3, XRP had been lagging behind its Layer-1 (L1) counterparts such as BTC and ETH, which reached new multi-month highs. However, following a series of tweets by Winds on October 16 hinting at potential network upgrades, XRP broke through the $0.55 level, reaching a daily peak of $0.57 on October 17 and boasting 14-day gains of 11.7%. This upward trend underscores the market’s positive response to the anticipated updates. Notably, early Bitcoin investor Davinci Jeremie had previously drawn attention to the reserve fee, pointing out its potential to hinder broader adoption, but the recent price action suggests that investors are looking beyond this to the longer-term prospects of XRP.
The XPR price surged as community members responded favorably to upcoming votes on XRPL network updates. This enthusiasm is linked to Wind’s proposal to reduce the reserve requirement to 1 XRP, potentially expanding ledger access to a broader base of users and projects. Such a move promises to enhance overall participation within the network, driving further excitement and positive momentum for the cryptocurrency.
