Rapid Rise in XRP Prices and the Surprise Message from Ripple's Co-Founder Creates Market Activity

Sharp Rise in XRP: Arthur Britto Breaking His Silence Moves the Market

The cryptocurrency market saw notable developments over the weekend. XRP quickly gained over 12%, rising to $2.20. The trading volume exceeded $3.2 billion. Two main factors stand out behind this rise: a mysterious post made by Arthur Britto, one of Ripple's co-founders, after a long time, and a temporary decrease in geopolitical tensions in the Middle East.

The price climbed from $1.93 to $2.20 in a short period, especially with a significant increase in trading volume. According to CoinGecko data, this activity coincides with a general recovery in the market. The concentration of investor interest supported the price upwards.

First Share from Arthur Britto After 13 Years

One of the significant developments that played an important role in the sudden rise in XRP prices was a post made by Arthur Britto, one of Ripple's silent founders, on the social media platform X. Britto, who only shared a 'speechless' emoji, stirred great reactions in the community. Particularly, the fact that he had not made any public message for about 13 years made the post even more striking.

Although some security concerns were raised after the post, Ripple's CTO David Schwartz confirmed that the message was genuine and that there was no hacking situation.

Britto’s Past and Role in the Industry

Arthur Britto is one of the co-founders who participated in the development of the XRP Ledger in 2012 alongside Jed McCaleb and David Schwartz. Having been away from the public eye for a long time, Britto also serves as the founding president of the blockchain infrastructure firm PolySign.

Although Britto's name has come up in the lawsuits that the SEC has filed against Ripple, there has been no direct accusation against him. On the other hand, he drew attention with the lawsuit he filed against Jed McCaleb in 2015. Britto claimed that McCaleb used Ripple's codes without permission while launching the Stellar project and acted against their agreement.

Is a New Era Beginning for XRP?

XRP's recent rise has revitalized short-term interest and expectations in the market. It remains a question of whether Arthur Britto will make any further statements in the coming days. Currently, no additional information has been provided other than his post.

Market observers point out that XRP prices are generally sensitive to news flow and statements from influential figures. Therefore, it is crucial for investors to closely monitor fundamental developments as well as technical analysis in terms of managing potential risks and opportunities.

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