David Schwartz, CTO Emeritus at Ripple, recently addressed concerns from XRP holders regarding the token's price performance. He stated that there is no undisclosed strategy for the asset, emphasizing that Ripple shares its plans openly with the community.
According to Schwartz, the price of XRP is primarily driven by broader market trends rather than specific developments within the XRP Ledger. While he acknowledged that a higher price would improve liquidity and reduce slippage, he noted that internal milestones play only a secondary role in price movement.
Ripple continues to expand its institutional operations in Europe, reporting that euro stablecoin volume has grown from €50 million to €450 million since the beginning of 2024. A consortium of 37 European banks, Qivalis, is preparing to issue a euro stablecoin.
The company confirmed that financial institutions such as BBVA and DZ BANK are currently utilizing Ripple Custody services. Despite these operational advancements, Schwartz maintains that XRP price action will continue to follow the wider cryptocurrency market.
