Uncertainty Surrounds XRP Adoption Post-Lawsuit, Ripple President’s Remarks Spark Expert Concerns

The post Uncertainty Surrounds XRP Adoption Post-Lawsuit, Ripple President’s Remarks Spark Expert Concerns appeared first on Coinpedia Fintech News

XRP community is already split on the CTO’s idea of grabbing more Ripple share than XRP, and now Predident’s silence on reducing the adoption of XRP is causing market woes. Furthermore, XRP’s price declined last week as Ripple moved tokens, which was a catalyst for the further drop below $0.57. Currently, XRP trades at $0.5667, down 0.73%, with a market cap of $30.83 billion. Can it go below the $0.56 level? Let’s analyse the XRP’s fate this week. 

The recent interview that Monica Long, president of Ripple, did with Chain Reaction Pod about what the U.S. court’s decision means for XRP has caused uncertainty in the XRP community. The community is not sure of Monica Long’s vague answers on the XRP adoption rate, and there is no definitive timeline for that. 

Monica Long’s Ambiguous Stance

In response to a critical question about the surge in XRP adoption following the court ruling, Long’s comments focused on a more consistent market trend driven by speculation and excitement surrounding ETFs. However, her response did not clearly endorse increased adoption, leaving community members puzzled.

Community Reactions: A Polite ‘No’? Experts Raise Concern!

Prominent figures within the XRP community, such as “WrathofKahneman,” have noted the discrepancy between the question about adoption and Long’s emphasis on market trends. The interpretation leans towards a polite “no,”  as Long’s response lacked a clear affirmation of a positive impact on XRP adoption.

On the other hand, Yassin Mobarak, founder of Dizer Capital, expressed concerns about the fundamental nature of Long’s response. He highlighted the lack of a definitive answer as a fundamental issue, proposing two possible conclusions: continued challenges for Ripple in the U.S. market, even with regulatory clarity, or the potential influence of projects on the XRP ledger in driving adoption and price growth.

Broader Questions on XRP’s Future Trajectory

XRP community members are uncertain about what will drive XRP adoption in the future. They’re wondering if having clear rules alone is enough or if projects like Hooks, Evernode, and xSpectar on the XRP ledger will play a bigger role. Ripple’s president not giving a clear answer has made things unclear about how regulations and the overall XRP ecosystem will shape its future. People are watching closely to see how XRP adoption will unfold after the lawsuit.