The cryptography market starts the week with a slight withdrawal. XRP is currently negotiated at around $ 0.617, down 0.63% in the last 24 hours. This occurs while Bitcoin also fell slightly after touching the resistance level of $ 95,700 last week. Meanwhile, the bitcoin offer on exchanges continues to decrease, which could lead to a tightening of the supply if the demand remains strong. Some analysts believe that this could possibly increase prices.
This week is also massive for the wider financial market, with around 40% of S&P 500 companies reporting profits. Big names like Meta, Microsoft, Amazon and Apple will publish their results. These profits could influence American government policies, especially if large companies express their concern about economic challenges such as prices.
XRP has remained under pressure since its January peak, partly due to macro-factors and regulatory uncertainty. However, recent data on the chain show that more than 838 million XRPs have been moved in just 24 hours, which indicates a strong network activity, but not necessarily immediate price gains.
In a recent interview with Bloomberg, the CEO of Ripple Brad Garlinghouse indirectly hinted with the XRP potential to match the Bitcoin price one day. Speaking of the role of XRP in solving the financial problems of a dollars Billion, Garlinghouse said that Ripple works closely with banks and regulators, even in uncertain environments.
He explained that by working with the financial system rather than against, XRP could evolve on a global scale. His comments suggest that XRP has the utility, partnerships and the long -term vision necessary to possibly compete in Bitcoin value.
