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The price of $XRP remains in a range-bound phase, but the team behind First Ledger is unbothered, claiming that $XRP is the standard.
Notably, following its meteoric surge from late-2024 to early-2025, $XRP has faced massive consolidation. Specifically, the asset rallied nearly 600% from November 2024 to a peak of $3.4 in January 2025. However, this peak introduced resistance, leading to a pullback and subsequent consolidation.
As a result, $XRP has continued to trade in a range around the lower end of the $2 price level. This consolidation was initially a product of a broader market turbulence. However, despite a recent breakout that has seen Bitcoin (BTC) retest its all-time high figures, $XRP maintains a low value.
Unbothered by Current Price Action
Amid this bearish connotation, the team behind First Ledger, an XRPL-based decentralized exchange platform, has indicated that they remain unbothered about $XRP’s current price movements.
This recent commentary resonates with previous disclosures from community figures like Versan Aljarrah, host of The Black Swan Capitalist. Last August, while $XRP languished at $0.5, Aljarrah insisted that price fluctuations are in fact distractions. According to him, they distract investors from $XRP’s real value proposition.
Interestingly, other industry experts have also maintained a similar stance, but for assets such as Bitcoin. Earlier this year, specifically in January, Binance co-founder Changpeng “CZ” Zhao claimed Bitcoin price was a distraction despite earlier suggesting that 2025 could be a “send it year.”
“$XRP is the Standard”
Experts like Aljarrah and CZ believe asset prices could be a distraction, as the real value lies in the technology behind the asset. Notably, the First Ledger team holds a similar sentiment. In their recent statement, they stressed that they are not concerned about current prices because $XRP is the standard.
While they failed to highlight further details, previous commentaries within the $XRP community suggest several proponents see $XRP as the potential standard for cross-border payments. Crypto author Panos Mekras discussed this in a November 2023 comment, highlighting $XRP’s ability to deliver low-cost and extremely fast transactions.
Meanwhile, within the same month, Versan Aljarrah boldly claimed that $XRP’s prevalent price at the time is a price glitch, suggesting that its true value was much higher. Aljarrah also indicated that he believes this because he expects $XRP to be the “global standard” for universal money.
Notably, these commentaries point to the sentiment within the community that the $XRP price has the potential to reach greater levels. Pundits like BarriC have predicted that even a $100 price could mark a cheap entry point for $XRP in the future. Meanwhile, CryptoGuard COO Matthew Brienen suggested $XRP could reach $1,000 in ten years.