HF Markets: "the stagnation of XRP is due to its structure, not its technology"

According to Emanuel Juárez, an analyst at HF Markets, the key lies in the distrust generated by the centralization of XRP in the hands of Ripple Labs. Although it has real utility for international payments, its structure limits its growth.

Opinion

While the cryptocurrency market experiences a renewed boom, with Bitcoin and Ethereum reaching new price levels,

XRP

€2.50

—the token associated with Ripple Labs— continued until yesterday without breaking its sideways trend. This situation, which confuses many enthusiasts of the crypto ecosystem, was explained by Emanuel Juárez, a financial markets specialist at HF Markets.

"If so many people praise XRP for its technology and speed, why doesn’t its price take off like Bitcoin or Ethereum?", Juárez posed in a recent comment. The answer, he noted, lies in key structural differences between these assets.