CEO of Galaxy Digital Mike NovogratzHe attributed the persistence of XRP to the belief of the loyal community referred to as the “XRP Army” rather than to Wall Street capital. a recent podcast In his evaluation in his speech, Novogratz said that spot ETFs determine the market structure on the Bitcoin side, XRP On the other hand, he emphasized that what keeps visibility and interest alive is grassroots ownership. He argued that community engagement has become a survival mechanism for an asset amid coin narratives proliferating in the cryptocurrency market.
Community Influence on XRP’s Durability
According to Novogratz, the key dynamic keeping XRP afloat is not regular attention from Wall Street, but unwavering community support across multiple market cycles. The “XRP Army” constantly making its voice heard and maintaining interaction altcoinIt ensures that it remains on the agenda. Thus, the asset is not lost among new projects and short-lived trends.
This approach is combined with the idea that altcoins with weak communities may become invisible over time, in a period when capital becomes more selective. Novogratz placed XRP in the same category as some long-surviving cryptocurrencies, implying that the belief factor can create longevity, regardless of innovation or promises of returns.
Analyst Xaif Crypto reminded a point expressed by Ripple CTO David Schwartz in 2017. XRP Ledger He stated that since the transaction fees on XRP are denominated in XRP, not dollars, as the price increases, the fees can become cheaper in real terms and liquidity and network security can be strengthened.
ETFs, Supply Dynamics and Macro Pressures
On the other hand, Novogratz Bitcoin On the front, he explained that spot Bitcoin ETFs play a dominant role in the market structure. He stated that ETF inflows can prevent sharper declines by absorbing supply even in volatile periods, and that he interprets Bitcoin’s failure to clearly regain the $ 100,000 level as consolidation, not exhaustion.
Describing the $100,000 band as both a psychological and technical wall, Novogratz said that aggressive purchases in the past created peak supply here and that large investors can evaluate the rises as a selling opportunity. However, he underlined that he sees the picture not as an end to the momentum, but as a search for consolidation and balance.
Moreover, the ETF narrative also has a leg to XRP. legal expert Bill Morganstated that the expected “XRP ETF supply shock” effect has emerged at least partially and that XRP-related investment product developments have surprised the market. Novogratz, on the other hand, remained cautious on the risk side, stating that a possible sharp decline, especially in Nasdaq, could also pull crypto down, and that the risk of job loss due to artificial intelligence creates additional uncertainty for all risky assets.
