The price of XRP, Ripple’s token, fell sharply earlier this week, unsettling holders. Stellar Rippler argues the move wasn’t random and industry outlets reported that he advised XRP holders to move the coins to personal wallets immediately. The volatility is seen not as a simple price drop but as a warning signal of upcoming changes. Rippler asserts XRP is treated differently in unseen spaces.
He notes XRP Ledger co-creator David Schwartz described XRP as an institutional liquidity instrument. He pointed out that while escrowed XRP could be sold to institutions, it would not reach the market until non-disclosure agreements expire. He argued that major banks such as BlackRock, JPMorgan, and Bank of America, along with BRICS nations, the United Arab Emirates, and central banks in the United Kingdom and Europe, would have rights to buy escrow XRP. No official documents have confirmed this, but he believes the drop to around $1.15 was a deliberate move by large financiers to accumulate XRP at lower prices.
Traders also warned about exchange usability, with reports that withdrawals on Binance and Coinbase have been slow. The warnings push investors to avoid storing XRP on exchanges and to custody coins in private wallets. As of 10:40 a.m. local time on the 8th, XRP traded near $1.43, easing near-term concerns.
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