XRP tanks 10%+ amid US debt crisis fix claims
The post XRP tanks 10%+ amid US debt crisis fix claims appeared on BitcoinEthereumNews.com. The crypto market is poised to wind down the week in the red, and XRP has not been spared. As the debt crisis on the “crypto capital” continues to mount, the coin has experienced a 10% decline in the past 7 days. Now the coin at the third position by market cap has slipped to the 4th position after being surpassed by Tether. The price of XRP has dropped below $3.00 in the last few hours and is now just barely above the $2.80 range. Today, the price of the coin fell by 1.67%. It has been going down since the crypto market liquidations earlier this week. The most recent drop from $2.99 happened at the same time as a bigger drop in the crypto market as a whole, which pushed XRP down toward the $2.82 to $2.84 support area. Black Swan Capitalist Founder says that XRP can unlock debt liquidity The US debt crisis is characterized by the national debt exceeding $37 trillion. According to an IMF report, global debt holdings are roughly $251 trillion, or 235% of GDP. Reductions in private sector debt were offset by an increase in public borrowing to $99.2 trillion in 2024. Debt held by the public is projected to reach 107% of GDP by 2029, surpassing the World War II peak. Sovereign debt increased to 121% of GDP in the United States and 88% in China. However, Black Swan Capitalist founder Versan Aljarrah has said that global debt cannot be repaid under current conditions and must be restructured. His proposed solution centers on neutral assets like XRP. Global debt can’t be paid back. It has to be restructured. The real play is converting trillions into tokenized liquidity running on neutral assets like XRP, tokenized gold, and regulated stablecoins. Cycles reward those who prepare…
The post XRP tanks 10%+ amid US debt crisis fix claims appeared on BitcoinEthereumNews.com.
The crypto market is poised to wind down the week in the red, and XRP has not been spared. As the debt crisis on the “crypto capital” continues to mount, the coin has experienced a 10% decline in the past 7 days. Now the coin at the third position by market cap has slipped to the 4th position after being surpassed by Tether. The price of XRP has dropped below $3.00 in the last few hours and is now just barely above the $2.80 range. Today, the price of the coin fell by 1.67%. It has been going down since the crypto market liquidations earlier this week. The most recent drop from $2.99 happened at the same time as a bigger drop in the crypto market as a whole, which pushed XRP down toward the $2.82 to $2.84 support area. Black Swan Capitalist Founder says that XRP can unlock debt liquidity The US debt crisis is characterized by the national debt exceeding $37 trillion. According to an IMF report, global debt holdings are roughly $251 trillion, or 235% of GDP. Reductions in private sector debt were offset by an increase in public borrowing to $99.2 trillion in 2024. Debt held by the public is projected to reach 107% of GDP by 2029, surpassing the World War II peak. Sovereign debt increased to 121% of GDP in the United States and 88% in China. However, Black Swan Capitalist founder Versan Aljarrah has said that global debt cannot be repaid under current conditions and must be restructured. His proposed solution centers on neutral assets like XRP. Global debt can’t be paid back. It has to be restructured. The real play is converting trillions into tokenized liquidity running on neutral assets like XRP, tokenized gold, and regulated stablecoins. Cycles reward those who prepare…
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