Ripple CTO Comot, E Make XRP Fall Then Rally, RLUSD Near $800M
David Schwartz, di CTO for Ripple wey don dey work for 13 years and na co-founder of XRP Ledger, wan comot from him daily work to join Ripple board as adviser. Dis one go allow am focus for family plus XRPL side projects as e still dey do development work. After Ripple CTO exit announcement, XRP drop 1.2% before e bounce back 4% on top Bitcoin market rally after US government shutdown. On-chain and derivatives metrics show say traders dey bullish, with Binance long exposure increase from 67% to 70% for three days during three months consolidation. Meanwhile, Ripple dollar-backed stablecoin RLUSD dey near $800 million market cap, e get $50 million inflows from BlackRock and VanEck partnerships plus expansion for African markets. Analysts believe say Schwartz advisory move na better strategy change, no be full exit, dem talk say RLUSD growth fit boost Ripple payment system but e no mean XRP price for sure go dey go up steady. Traders suppose dey watch on-chain metrics, derivatives flows and bigger crypto catalysts for XRP next move.
Bullish
Di Ripple CTO waka go make XRP price drop 1.2% at first, but after that e bounce back 4% as Bitcoin dey rally and long positions for Binance rise from 67% to 70%, this one mean say people still get hope for the market. RLUSD strong growth near $800M market cap because institutions dey put money inside, dis one dey make people confident for Ripple system. Analysts talk say the advisory shift na strategic move, no be full exit, plus on-chain, derivatives and stablecoin developments show sey XRP get good chance now and for future.