Ripple Holds Steady Amid McGregor’s Comment On Decentralization, XRP ETF Buzz Continues
Ripple Labs Inc’s (CRYPTO: XRP) token is holding firm at $2.30, defending a key support level despite increased market volatility. The price action comes amid a wave of renewed scrutiny over its decentralization model.
The latest spark was caused by a viral tweet from UFC star, Conor McGregor, questioning why XRP was included in U.S. government reserve proposals while Bitcoin (CRYPTO: BTC) and Ethereum (CRYPTO: ETH) continue to dominate policy discourse.
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Ripple’s Chief Technology Officer, David Schwartz, was quick to respond in a late-night post, saying that XRP’s architecture is fundamentally decentralized, unlike “company-controlled chains.” He pointed to the token’s fixed supply, lack of central issuer, and open validator system as core distinctions that set it apart from …
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