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- XRP praised for steady growth despite recent market price crash
- Syndicated article highlights XRP’s role in global payments
- RLUSD stablecoin may boost XRP due to shared blockchain network
A recently syndicated article on USA Today has stirred significant reaction after naming XRP the “smartest cryptocurrency.” The piece, originally published by The Motley Fool, cited the token’s real-world application in cross-border payments as a core reason for its potential.
Its future growth prospects have been highlighted, particularly because it was a proven player in the Ripple payment system. According to CoinGecko, XRP’s market cap stands at approximately $170, which is relatively low given the token’s current market value.
The article discussed stablecoins as more effective in international money transfers. Even so, it stated that XRP would still benefit indirectly via RLUSD. A stablecoin, which is also associated with the same blockchain technology.
LUSD is a two-chain asset that runs on Ethereum and the XRP Ledger. The current majority of its supply is on Ethereum. Nevertheless, this network would also help XRP remain relevant in the field of digital finance.
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XRP’s Market Slide Follows Praise Amid Crypto Community Backlash
Soon after the article gained traction, XRP experienced sharp falls in the market. According to CoinGecko, the XRP dropped to as low as $2.75 before gaining about 2 percent an hour or so later.
That drop in price happened even though the article was greatly exposed to people through the USA Today website and its X account, which has more than 5 million followers. It is worth mentioning that the words were syndicated, though not written by the editorial staff of USA Today.
There was criticism spread on social media, especially among those who support Bitcoin. They rejected the contents of the article because XRP does not have the performance history and decentralization that aggravate Bitcoin.
Investors in XRP have also cited its useful functionality in the financial sector and its use in financial systems as evidence that it can provide long-term consistent value.
The article cautioned readers not to look into getting quick profits, but instead, they should look at long-term growth.
In spite of the critical price drop and divided response, XRP has continued to hang in the limelight as it was recently promoted in, arguably, one of the most mainstream magazines. Its application in the financial sector has still favored its application as people discuss its value in the long-run crypto market.
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