The price of XRP remains in a range-bound phase, but the team behind First Ledger is unbothered, claiming that XRP is the standard.
Notably, following its meteoric surge from late-2024 to early-2025, XRP has faced massive consolidation. Specifically, the asset rallied nearly 600% from November 2024 to a peak of $3.4 in January 2025. However, this peak introduced resistance, leading to a pullback and subsequent consolidation.
As a result, XRP has continued to trade in a range around the lower end of the $2 price level. This consolidation was initially a product of a broader market turbulence. However, despite a recent breakout that has seen Bitcoin (BTC) retest its all-time high figures, XRP maintains a low value.
Unbothered by Current Price Action
Amid this bearish connotation, the team behind First Ledger, an XRPL-based decentralized exchange platform, has indicated that they remain unbothered about XRP’s current price movements.
This recent commentary resonates with previous disclosures from community figures like Versan Aljarrah, host of The Black Swan Capitalist. Last August, while XRP languished at $0.5, Aljarrah insisted that price fluctuations are in fact distractions. According to him, they distract investors from XRP’s real value proposition.
Interestingly, other industry experts have also maintained a similar stance, but for assets such as Bitcoin. Earlier this year, specifically in January, Binance co-founder Changpeng “CZ” Zhao claimed Bitcoin price was a distraction despite earlier suggesting that 2025 could be a “send it year.”
“XRP is the Standard”
Experts like Aljarrah and CZ believe asset prices could be a distraction, as the real value lies in the technology behind the asset. Notably, the First Ledger team holds a similar sentiment. In their recent statement, they stressed that they are not concerned about current prices because XRP is the standard.
While they failed to highlight further details, previous commentaries within the XRP community suggest several proponents see XRP as the potential standard for cross-border payments. Crypto author Panos Mekras discussed this in a November 2023 comment, highlighting XRP’s ability to deliver low-cost and extremely fast transactions.
Meanwhile, within the same month, Versan Aljarrah boldly claimed that XRP’s prevalent price at the time is a price glitch, suggesting that its true value was much higher. Aljarrah also indicated that he believes this because he expects XRP to be the “global standard” for universal money.
Notably, these commentaries point to the sentiment within the community that the XRP price has the potential to reach greater levels. Pundits like BarriC have predicted that even a $100 price could mark a cheap entry point for XRP in the future. Meanwhile, CryptoGuard COO Matthew Brienen suggested XRP could reach $1,000 in ten years.
DisClamier: This content is informational and should not be considered financial advice. The views expressed in this article may include the author's personal opinions and do not reflect The Crypto Basic opinion. Readers are encouraged to do thorough research before making any investment decisions. The Crypto Basic is not responsible for any financial losses.
