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Deaton Says XRP Is ‘A Bit Cheaper Today’ as Spot XRP ETF Filings Advance to Approval

Abdulkarim Abdulwahab
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Deaton Says XRP Is ‘A Bit Cheaper Today’ as Spot XRP ETF Filings Advance to Approval

Pro-XRP lawyer John Deaton has drawn attention to XRP’s discounted price as ETF issuers update their S-1 filings with ticker symbols.

As the market awaits regulatory approval for XRP ETFs, Deaton offered a light remark on X, saying, “XRP is a bit cheaper today,” followed by a thoughtful emoji.

His comment comes as XRP trades slightly lower than last week’s high, despite pending spot XRP ETF approvals advancing to the final stage.

XRP ETFs Advancing to Approval

For context, late last week, ETF analyst Nate Geraci revealed that another batch of S-1 amendments had been filed for spot XRP ETFs. The list of issuers includes Grayscale, Bitwise, Franklin Templeton, 21Shares, WisdomTree, and Canary Capital — all seeking to launch their respective XRP investment products.

Notably, several filings have now added ticker symbols, which is one of the final steps before approval. Grayscale’s XRP ETF will trade under GXRP, Franklin Templeton’s under XRPZ, and Canary’s under XRPC. Geraci described this development as a sign that the industry is “getting close” to launch.

The SEC’s pending decisions on these applications were initially between mid and late October. In particular, Grayscale’s ruling is due on October 18 and Bitwise’s is on October 22.

Shutdown Stalls Approvals

However, the ongoing U.S. government shutdown has tempered the optimism as the SEC’s operational capacity drops. The agency has suspended certain review functions, including accelerating registration statements and declaring S-1s effective. These are necessary steps for ETFs to begin trading.

Crypto reporter Eleanor Terrett explained that the shutdown has left the SEC operating with a skeleton crew, delaying all pending ETF actions.

She added that with the generic listing standard now in effect and the SEC’s request for issuers to withdraw their 19b-4 filings, traditional deadlines may no longer apply.

According to Polymarket data, there is now a 49% probability that this shutdown could become the longest in U.S. history. This potential outcome further clouds the timeline for XRP ETF launches.

Prediction on U.S. Shutdown | Polymarket
Prediction on U.S. Shutdown | Polymarket

Market Outlook: Cheaper, But Closer

Despite the bureaucratic hurdles, XRP ETF issuers continue to refine their filings, suggesting confidence that approvals are inevitable once normal SEC operations resume.

Analysts interpret these amendments, especially the inclusion of ticker symbols, as an indication that the process is in its final stretch.

Deaton’s remark that “XRP is a bit cheaper today” resonates with the broader XRP community’s belief that the current lull represents a buying opportunity ahead of institutional inflows once ETFs go live.

In other words, while Washington stalls, Wall Street prepares, and the XRP community is watching closely. At press time, XRP is trading at $2.59, up 8% today. The coin’s price had dropped to an eleven-month low of $1.20 over the weekend but has since rebounded by over 100%.

Some market commentators believe that XRP ETFs going live this year could help the token’s price break past $10.

Trust Wallet Launches $500 Shiba Inu Giveaway

Zabi
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Trust Wallet Launches $500 Shiba Inu Giveaway

Trust Wallet, a leading self-custody crypto wallet, has launched a new giveaway centered on Shiba Inu (SHIB).

The campaign invites users to engage with the brand on social media, giving one lucky participant a $500 SHIB reward.

How Users Can Participate in the Shiba Inu Giveaway

Notably, Trust Wallet has designed the participation process to be straightforward and engaging. According to the official announcement, users who wish to join the giveaway must follow the wallet’s official X (formerly Twitter) account and share the campaign post through a retweet.

In addition, participants must tag one friend in the comments section of the same post. Once these steps are completed, their entry becomes valid for the prize draw.

The giveaway will reward one lucky participant with $500 worth of Shiba Inu (SHIB), which will be transferred directly through the Trust Wallet platform.

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Part of a Broader Giveaway Strategy

The Shiba Inu (SHIB) giveaway is part of Trust Wallet’s broader $5,000+ BNB Chain meme coin season, which spans multiple promotions. These promotions are interconnected and feature various tokens.

Alongside SHIB, the initiative includes reward events for Four (FORM) and ASTER, the native token of the Aster Perpetual DEX.

The main BNB-focused segment of the campaign encourages users to swap SOL to BNB within the Trust Wallet app, share a screenshot of the transaction, retweet the campaign post, and tag a friend.

The addition of SHIB, FORM, and ASTER to this initiative expands its appeal across diverse crypto communities while maintaining a consistent user experience.

SHIB Price Rebounds After Market Drop

The promotion comes at a time when Shiba Inu price is regaining momentum after a steep market correction. Last Friday, SHIB suffered a sharp 30% drop, falling from $0.00001215 to $0.0000085 amid a widespread crypto selloff.

However, the token has since regained traction. According to CoinMarketCap data, SHIB is currently trading at $0.00001066, marking a 6.27% increase over the past 24 hours.

Pundit Explains How RLUSD Could Skyrocket XRP to $5

Sam Wisdom Raphael
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Pundit Explains How RLUSD Could Skyrocket XRP to $5

Amid persistent questions about how RLUSD could impact XRP price, a community pundit has shared how the stablecoin’s adoption could benefit XRP.

The Ripple stablecoin RLUSD has gained massive momentum since launching last December. Today, RLUSD ranks as the eighth-largest stablecoin, with a market cap of about $839 million. However, despite its success, some XRP proponents still question how RLUSD’s growth could benefit XRP. 

How RLUSD Adoption Could Benefit XRP Price

To address these questions, XRP community figure Queen presented a theory that builds on the Shane Ellis concept. For the uninitiated, this concept suggests that institutional demand for XRP could cause a sudden price spike as liquidity dries up across exchanges, leading to a supply shock.

Queen leveraged an AI chatbot, which explained that institutions could use RLUSD instead of fiat currencies like the U.S. dollar to buy XRP. With RLUSD being stable, it removes volatility and allows institutions to purchase large amounts of XRP smoothly. 

The chatbot presented an instance where if a bank deposited $1 billion in RLUSD and used it to buy XRP, the order would clear cheaper sell levels, say at $0.50 and $1.00, before reaching higher ranges near $5. Once those lower prices disappear, the market could naturally reset at higher levels.

According to the AI, this process could create a cycle where RLUSD would make transactions faster and more efficient, institutions would find XRP’s speed and low cost appealing, and rising demand could push prices higher. 

To the chatbot, RLUSD could become the bridge that allows institutions to execute massive XRP transactions without the usual friction of fiat conversions, potentially driving the type of market surge that the Shane Ellis Theory describes, and leading to an XRP price of $5.

However, it is important to note that this remains a hypothetical assessment and may not materialize as expected. 

RLUSD Seeing Impressive Growth 

Notably, the assessment comes as RLUSD sees impressive growth less than a year after launch. For one, the stablecoin became available for trading on Zero Hash and Revolut in February, giving more users access to it. 

Then, in April, Ripple integrated RLUSD into Ripple Payments to support cross-border treasury operations with selected clients. Two months later, the Dubai Financial Services Authority officially recognized RLUSD as a compliant crypto token, allowing Ripple to expand more confidently into the UAE.

Interestingly, by July 9, Ripple chose BNY to serve as the main custodian of RLUSD reserves. This move strengthened investor confidence by involving one of the world’s largest financial institutions.

In August, Ripple signed a memorandum of understanding with Japan’s SBI Holdings to begin distributing RLUSD through SBI VC Trade starting in early 2026, targeting faster adoption across Asia. The following month, Ripple brought RLUSD into Africa through partnerships with Chipper Cash, VALR, and Yellow Card. 

Ripple carried its momentum into October by partnering with Bahrain Fintech Bay to promote the adoption of RLUSD across the Middle East and North Africa. The partnership includes pilot programs, accelerator initiatives, and educational efforts for bolstering local adoption.

Here’s Why Shiba Inu Holders May Never Retire on $0.001 Dreams

Lele Jima
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Here’s Why Shiba Inu Holders May Never Retire on $0.001 Dreams

Shiba Inu investors hoping to retire early once SHIB hits $0.001 may need to reconsider, as several factors make this goal increasingly unlikely. 

At the current Shiba Inu price, holding between 1 billion and 5 billion SHIB tokens could be worth $1 million to $5 million if SHIB ever reaches $0.001. but this is a dream that may never come true.

Factors That Make $0.001 Unattainable

Beneath the hype and hopeful projections, a series of complex realities makes the $0.001 goal highly improbable.

Shiba Inu’s Enormous Supply

Shiba Inu’s biggest obstacle remains its hefty token supply. Although the community has made progress by burning more than 41% of the initial supply, largely thanks to Ethereum co-founder Vitalik Buterin’s massive burn in 2021, it still has an enormous circulating supply of around 589 trillion tokens.

At the current burn rate, which is significantly low, it would take decades, if not centuries, to reduce this supply enough to make $0.001 a realistic goal. The sheer number of tokens in circulation means that even modest price increases require massive market inflows, making each rally toward $0.001 harder to sustain.

Lack of Institutional Interest

Another major roadblock is SHIB’s lack of institutional adoption. While Bitcoin, Ethereum, and even Solana have attracted large-scale interest from asset managers and major corporations, Shiba Inu’s growth remains driven almost entirely by retail investors.

Despite its massive popularity, SHIB does not yet have a U.S.-listed spot ETF application. The closest attempt at institutional exposure came from Valour Inc., a Swedish-based ETP issuer. 

It launched a SHIB-focused exchange-traded product (ETP) on the Spotlight Stock Market in Sweden. However, this move has done little to attract institutional capital or improve SHIB’s credibility in traditional finance circles.

Anonymous Leadership

Transparency has always been a concern for investors in the Shiba Inu ecosystem. The project’s anonymous founders and developers—led by the pseudonymous figure Shytoshi Kusama—continue to operate without revealing their identities.

While anonymity was once part of Shiba Inu’s charm, it now raises serious accountability issues. Investors often prefer to back projects with visible leadership, like Ethereum’s Vitalik Buterin, Cardano’s Charles Hoskinson, or even Dogecoin’s Billy Markus. 

The lack of identifiable leadership in Shiba Inu makes many wary of committing large institutional sums, which could have supported a long-term rally toward $0.001.

Lack of New Utility

Although the Shiba Inu ecosystem has expanded with projects such as Shibarium, ShibaSwap, and the Shib Metaverse, these initiatives have yet to create a level of utility capable of driving large-scale adoption and significant price rallies.

Without a clear use case that attracts users beyond speculation, SHIB risks being seen primarily as a meme asset.

The Team’s Support for Other Projects

Another factor hindering Shiba Inu’s upsurge towards $0.001 is the team’s growing involvement in projects outside the ecosystem. A case in point was Kusama previously endorsing a separate meme-based token called SHY.

Such endorsements divert community attention and liquidity away from SHIB, potentially weakening investor focus and confidence.

Internal Friction Within the Team

Internal discord also seems to be brewing within Shiba Inu’s leadership. Developer Kaal Dhairya hinted at this tension in a personal foreword, writing that “some so-called leaders who benefited from Shiba Inu have walked away.”

This admission of internal conflict is a red flag for investors. Team disunity can slow development, delay roadmap milestones, and erode community trust—all of which could hinder the project’s ability to sustain momentum toward ambitious targets, such as $0.001.

Until these issues are addressed, the prospect of Shiba Inu reaching $0.001 and helping investors retire early may remain only a dream. 

Here Are 8 Things XRP Investors Should Avoid According to Expert

Sam Wisdom Raphael
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Here Are 8 Things XRP Investors Should Avoid According to Expert

Amid the incessant chatter within the XRP community, a market pundit has identified eight things he believes investors should avoid.

Notably, Vincent Van Code, a software engineer and long-time XRP community figure, recently shared his concerns about certain behaviors and content that could harm investors’ judgment and financial decisions.

In a recent post on X, he presented a list of eight of these behaviors and content, suggesting that market participants stop following anyone who promotes or engages in them.

Van Code’s Warnings to XRP Investors

First, he charged investors to stop listening to market commentators who keep asking them what they would do if XRP hit the $1,000 mark. While the XRP to $1,000 price prediction has dominated community discussions, some have persistently asked investors what they would do if this projection materializes. One such entity is American exchange Uphold. 

Secondly, some individuals and project founders have leveraged the active XRP community to promote tokens besides XRP itself. While some of these projects may be genuine, Van Code insists that investors should stop listening to anyone who engages in such promotions, especially if they do so with “a bunch of technical jargon.”

For the third point, Van Code targeted community pundits who often make bold claims and, instead of providing verifiable sources to these claims, opt to present screenshots that the average investor cannot easily substantiate. 

In his fourth point, Van Code also advised against looking out for projects that promise yields. Notably, while the XRP Ledger has been around for over a decade, it still does not have a native yield-bearing feature. 

As a result, projects such as Flare’s FAssets and Axelar’s mXRP have stepped in to provide investors with an opportunity to earn yield on their XRP holdings by simply locking up their tokens. Notably, FAssets has already locked up 20 million XRP. However, Van Code has advised caution, also insisting that investors always read the terms of such projects.

The List Goes On

Meanwhile, in his fifth warning, Van Code took aim at video representations of famous individuals, promising a giveaway for the XRP community. Notably, most of these videos are AI-generated and come from bad actors looking to hack the accounts of unsuspecting investors. Last January, Ripple CEO Brad Garlinghouse called attention to some of these videos featuring his likeness.

The sixth point involved Vincent Van Code’s suggestion that investors stop listening to community pundits who post content with philosophical bearings in an effort to convince them to purchase something. 

Seventh, with the XRP community recently being home to speculations of all kinds, the software engineer warned market participants to be wary of individuals who make claims they do not understand. For his eighth and last point, Van Code advised against listening to those who throw around the word “quantum” in content unrelated to quantum computing or even the field of physics.

Here’s What Cardano Price Could Be If Top 10 US Institutional Funds Allocate 1% to Cardano

Lele Jima
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Here’s What Cardano Price Could Be If Top 10 US Institutional Funds Allocate 1% to Cardano

Cardano could soar into double-digit territory if the top 10 U.S. institutional funds allocate even 1% of their assets to ADA.

Institutional investment in cryptocurrencies is accelerating, with more firms viewing cryptos as reserve assets. MicroStrategy has been at the forefront of this movement and has amassed more than 640,000 BTC over the past five years, from August 2020 to date.

Following its example, several companies have begun diversifying their holdings to include Ethereum and even XRP, recognizing their unique roles in decentralized finance and global payments.

Now, some Cardano enthusiasts are suggesting that ADA could be the next potential target for institutional adoption. They believe that ADA could attract institutional capital that could fuel the next wave of its rally. 

Value of a 1% Inflow from the Top 10 U.S. Institutional Funds

Amid this positive sentiment, we explored how much ADA would grow if the top institutional funds allocated only 1% of their holdings to Cardano. 

For context, Wikipedia data shows that as of March 31, 2024, the top 10 U.S. asset managers, including giants like BlackRock and Vanguard, collectively managed approximately $45.5 trillion in assets.

Notably, 1% of this holding would represent a staggering $455 billion. Committing this amount into ADA would significantly reshape ADA’s current market valuation and cement its position among the leading crypto assets. 

Cardano Price If Top 10 US Institutional Funds Channel 1% of Their Assets to ADA

At the moment, ADA is trading at $0.6743 per token, down 17.44% over the past 24 hours and 20.37% over the past week. It is ranked as the 10th-biggest cryptocurrency on CoinMarketCap, with its valuation standing at $24.16 billion. 

If $455 billion, representing 1% of the assets managed by the top 10 U.S. institutional funds, were to flow into ADA, it could potentially elevate the token’s market capitalization to around $479 billion, surpassing Ethereum’s current valuation.

With approximately 36 billion ADA in circulation, this projected market cap would translate to a token price of about $13.30, marking an astonishing 1,871% increase from its current level of $0.6743. This estimate is derived by dividing the projected market capitalization of $479 billion by the number of ADA tokens currently in circulation. 

Cardano
Cardano

ADA to $13 Prediction 

While this analysis is theoretical, it is worth noting that the $13 price has featured in multiple Cardano-related predictions. 

Last year, the pseudonymous analyst behind the BasicTradingTV account on TradingView predicted that ADA could surge past the $13 mark if it mirrors its performance leading up to the 2021 bull market cycle.

In a recent analysis, we estimated that one ADA could trade at $13.5 by 2030 if the token matches Ethereum’s market cap, which stood at around $485 billion in September. It remains uncertain whether ADA could achieve the milestone. 

However, recent developments within the ecosystem, including the launch of Hydra 1.0.0, a powerful scaling solution that achieved 1 million transactions per second in testing, indicate that the future looks increasingly promising for Cardano’s long-term growth and adoption.

Here is the XRP Price If Pension Funds Allocate 5% into XRP

Sam Wisdom Raphael
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Here is the XRP Price If Pension Funds Allocate 5% into XRP

XRP price could surpass the $70 milestone if U.S. pension funds allocate just 5% of their total value into the crypto asset.

Notably, U.S. pension funds are slowly warming up to crypto, and this could have positive implications for assets like Bitcoin, Ethereum, and XRP. 

Pension Funds Warming up to Crypto

Over the past few months, both public defined-benefit plans and 401(k) accounts have started exploring small crypto allocations, mostly through spot ETFs or indirect exposure via crypto-linked companies such as Strategy (MSTR).

For now, these allocations remain modest, usually between 0.1% and 1% of total portfolios, as many fund managers still worry about crypto’s volatility. Moreover, critics like Better Markets have even called such investments a “risky gamble” for retirees. Despite this, the number of states opening their doors to crypto is growing.

By April 1, 2025, at least 17 states had either approved or considered crypto investments for reserve funds, while 16 states had done the same for pension programs. Last December, Pennsylvania introduced a bill that would allow state treasurers and pension systems to invest in Bitcoin. 

Also, institutional interest is showing up in surveys. According to a CFA Institute study first published in April 2022 and updated in 2024, about 94% of state and local pensions and 62% of corporate defined-benefit plans already hold crypto-related assets in some form. 

Trump’s Executive Order

Notably, one of the most important developments occurred when President Donald Trump signed an executive order that directs the Department of Labor (DOL) to clarify fiduciary standards for alternative assets, including cryptocurrencies, in 401(k) plans. 

This order reversed the DOL’s May 2022 guidance, which had discouraged crypto investments in retirement accounts because of volatility and fraud risks. The new policy could clear the path for more pension funds to add crypto to their portfolios.

If this happens, and pension funds choose to allocate just 5% of their holdings to an altcoin like XRP, the resulting impact could be massive. 

XRP Price if Pension Funds Allocate 5%

As of June 30, 2025, U.S. pension funds and retirement accounts collectively held $45.8 trillion in financial assets, according to the Investment Company Institute’s quarterly report. These holdings include both defined-benefit (DB) and defined-contribution (DC) plans such as 401(k)s.

Right now, XRP trades at $2.47 and has a market cap of $147.57 billion, with a circulating supply of 59.91 billion tokens. If pension funds pour just 5% of their total assets, about $2.29 trillion, into XRP, the impact could be enormous.

Meanwhile, due to the market cap multiplier effect, large inflows often drive much bigger increases in valuation. XRP has historically shown multipliers in the hundreds. 

For instance, in May 2025, market analyst Dom pointed out a 272x multiplier for the token. Even if we take a conservative 2x multiplier, a $2.29 trillion inflow would lift XRP’s market cap by about $4.58 trillion.

Adding that to its current $147 billion valuation would bring the total market cap to roughly $4.727 trillion. With a supply of 60 billion tokens, the XRP price would jump to around $78.70 per coin.

Here Is the XRP Price If It Matches Gold’s Daily Settlement Volume

Sam Wisdom Raphael
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Here Is the XRP Price If It Matches Gold’s Daily Settlement Volume

What could XRP price surge to if XRP matched the daily settlement volume of gold, the largest asset in the world?

While XRP currently changes hands at $2.40, several community figures believe it still trades far below its real value. They argue that once XRP’s payment utility reaches full potential, its price could soar. 

XRP Remains Undervalued?

Notably, the logic behind this sentiment suggests that if XRP becomes a major asset for global settlements, its trading volume will surge dramatically, potentially leading to higher prices. Some commentators have even attempted to compare XRP with gold.

For context, the World Gold Council reports that the total daily settlement volume for gold averages $232.8 billion. This figure represents the combined value of trades across all major markets, including over-the-counter (OTC) deals, exchange trades, and exchange-traded funds (ETFs).

Of that total, OTC trades, mainly through the London Bullion Market Association (LBMA), account for $127.7 billion. Exchange-based trades, such as those on the CME Group and Shanghai Gold Exchange, contribute $102 billion. Meanwhile, ETF trades add $2.91 billion daily.

By comparison, XRP’s average daily trading volume sits around $8 billion, a small fraction of gold’s massive liquidity. This huge gap leads to an interesting question: if XRP ever reached the same daily trading scale as gold, how much higher could its price go?

XRP Price if It Matches Gold’s Settlement Volume 

To find out, we sought answers from Google Gemini. The AI chatbot explained that such a jump would represent a 29.1-fold increase in trading volume. 

It noted that while no exact formula links volume to price, the two often move together. When trading volume climbs alongside price, it usually signals strong market confidence and sustained upward momentum.

As a result, Gemini used a simple projection to suggest that if XRP’s price-to-volume ratio stayed constant, the token’s price could climb to around $69.84. This figure is only a theoretical estimate, which shows the scale of what might happen if XRP’s market activity expanded that dramatically.

XRP Price Prediction Google Gemini
XRP Price Prediction | Google Gemini

According to Gemini, several factors could lead to this kind of growth. Specifically, if XRP matched gold’s daily settlement volume, it would likely mean that institutions had widely adopted it as a bridge currency for international transfers. This level of demand would quickly absorb the available supply, creating scarcity and pushing prices higher.

Gemini stressed that in a best-case scenario, where XRP fully realizes its utility and matches gold’s global transaction scale, some community analysts believe the price could climb beyond $100.

Imagine You Had XRP Buy Orders in at $1.30 and Bought 10M XRP on a “Sure Thing”

Abdulkarim Abdulwahab
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0
Imagine You Had XRP Buy Orders in at $1.30 and Bought 10M XRP on a “Sure Thing”

XRP market commentators are highlighting a silver lining for investors in the wake of the overnight shock that rattled the entire crypto market.

While XRP suffered a violent flash crash, those who were properly positioned for the event are already reaping massive rewards from the outcome.

For context, XRP’s price plunged from $2.83 to $1.25 within hours before swiftly rebounding to $2.45. The move represented a 56% drop followed by a 100% recovery, one of the most volatile 24-hour periods in recent memory.

The crash followed U.S. President Donald Trump’s announcement of new tariffs on China. It wiped out $1.65 trillion from the U.S. stock market and triggered $19 billion in crypto liquidations.

Bitcoin fell from $122,550 to $102,000, while Ethereum and other major altcoins like SUI plunged even further. SUI briefly touched $0.55 after trading above $3.

“Only Insiders Knew”

The sudden collapse has sparked debate within the XRP community about what truly caused the crash and who may have profited from it.

Vincent Van Code, a software engineer and prominent member of the XRP community, described the market chaos as something only “insiders who shorted” could have anticipated.

He dismissed claims from analysts who said they had “predicted” the crash, calling them lucky at best. “Saying it will crash week in and week out doesn’t make you a TA genius,” he said. “It’s just playing the odds.”

Van Code pointed to the lack of regulatory oversight in the crypto market, contrasting it with traditional stock trading, where such rapid collapses would likely trigger circuit breakers and formal investigations.

Trump’s Tariff Shock Triggers Market Meltdown

On Friday evening, President Donald Trump announced plans to impose a 100% tariff on Chinese imports starting November 1. This comes on top of the existing 30% tariffs, marking a new escalation after months of relative trade calm.

Markets reacted sharply: the Dow dropped 878 points (1.9%), the S&P 500 fell 2.7%, and the Nasdaq tumbled 3.5%.

A previous spike to 145% tariffs had briefly choked U.S.-China trade, before both nations agreed in May to roll back the rates.

Imagine You Bought 10M XRP at $1.30

As global markets reeled, some opportunistic buyers who had placed deep limit orders may have massively benefited from the flash crash.

When XRP briefly traded under $1.30, buying 10 million XRP would have cost less than $13 million. With the current price at $2.40, that same position is now worth $24.5 million. This has netted a gain of nearly 100% in less than a day, even as the market is still reeling from the crash.

Analyst Van Code highlighted this in his commentary, stating: “Imagine you had buy orders in at $1.30 and bought 10 million XRP, on a ‘sure thing.’” 

He noted that XRP has already gained more than $1 since dipping below $1.30. Accordingly, traders who took advantage of the dip are now in an extremely favorable position.

Interestingly, should XRP break back into the $3 range in the coming days, those who scooped the dip could be up nearly 150%—all on a mere recovery.

Essentially, Vincent Van Code’s statement implies that sometimes the market doesn’t reward skill. Sometimes, it’s just about being in the right place at the right time.

Pundit Says When They’re Ready to Ride XRP to Infinity, It Won’t Take as Much Money as You Think

Sam Wisdom Raphael
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Pundit Says When They’re Ready to Ride XRP to Infinity, It Won’t Take as Much Money as You Think

Chad Steingraber, a well-known XRP community commentator, has suggested that when it’s time to push XRP to higher prices, it won’t take as much money as many think.

Steingraber said this on the back of the recent crypto market flash crash, which some market pundits have attributed to manipulation. For context, the broader crypto market slumped on Friday, Oct. 10, at a fast pace within hours, leading to panic and massive liquidations.

XRP Witnesses Flash Crash

Specifically, the total crypto market cap dropped from $4.09 trillion at 12 PM yesterday to $3.3 trillion by 9 PM (UTC). This represented a loss of nearly $800 billion within nine hours, marking one of the steepest drops in the crypto market’s history. 

While Bitcoin slumped from $121,000 to $109,683 during this crash, XRP saw steeper losses, collapsing from $2.81 to $1.5, a massive 47% drop in nine hours. The market has since recovered from the steep crash, but prices are still down at press time, with BTC trading for $112,000 and XRP changing hands at $2.4.

It Won’t Take Much Money to “Ride XRP to Infinity”

Interestingly, in his latest commentary, Steingraber chose to see the bright side of the recent bearish event. The market commentator claimed that the event triggered the largest XRP long liquidation in history, worth about $422 million. However, he found an interesting development surrounding exchange flows.

Steingraber claimed that XRP’s market cap dropped by a massive $100 billion during the flash crash, as he identified a bottom of $1.17. However, he suggested that the market cap recovered the lost $100 billion on the back of a minor wave of exchange inflows.

Taking this development into account, Steingraber pointed out how it takes minor inflows for XRP’s market cap to increase by a massive scale, a typical impact of the market cap multiplier effect often teased by community pundits. According to Steingraber, when it’s time to push XRP to higher prices, the market will not need as much capital influx as most people believe.

Points to Consider

Now, while Steingraber’s central point is perfectly accurate, as the capital influx required to push XRP to higher prices may be much lower than most expect, the context in which he made the point is particularly flawed.

For context, exchange inflows do not actually translate to capital inflows. Specifically, exchange inflows refer to assets deposited by market participants into centralized exchanges. These inflows often spike when investors are looking for an avenue to sell off their tokens. In contrast, they often pull their assets out of exchanges when planning to HODL for long in cold storage.

As a result, conflating exchange inflows with capital inflows is inherently flawed. Instead, the metric that accurately measures capital influx is the spot Cumulative Volume Delta (CVD). Notably, this indicator tracks the difference between the sell volume and buy volume of an asset on a particular exchange.

Interestingly, data from the Bitstamp, Coinbase, Binance, and Upbit CVDs indicate that XRP only saw around $118 million in buy volume during the time its price recovered following the crash. This confirms Steingraber’s suggestion that minor capital inflows are capable of pushing its market cap higher.

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