The crypto market is starting the week with a slight pullback. XRP is currently trading around $0.617, down by 0.63% in the last 24 hours. This comes as Bitcoin has also retreated slightly after touching the $95,700 resistance level last week. Meanwhile, Bitcoin’s supply on exchanges continues to drop, which could lead to a supply crunch if demand stays strong. Some analysts believe this could eventually push prices higher.
This week is also massive for the broader financial market, with about 40% of the S&P 500 companies reporting earnings. Big names like Meta, Microsoft, Amazon, and Apple will release their results. These earnings calls could influence U.S. government policies, especially if major companies express concern over economic challenges like tariffs.
XRP has remained under pressure since its January peak, partly due to macro factors and regulatory uncertainty. However, recent on-chain data shows that over 838 million XRP were moved in just 24 hours—signaling strong network activity, though not necessarily immediate price gains.
In a recent interview with Bloomberg, Ripple CEO Brad Garlinghouse has indirectly hinted at XRP’s potential to match Bitcoin’s price one day. Speaking about XRP’s role in solving trillion-dollar financial problems, Garlinghouse said that Ripple works closely with banks and regulators—even in uncertain environments.
He explained that by working with the financial system instead of against it, XRP could scale globally. His comments suggest that XRP has the utility, partnerships, and long-term vision needed to eventually rival Bitcoin in value.
