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Ripple CEO Brad Garlinghouse responded with a single word, “True,” to Flare co-founder Hugo Philion’s observation that the entire cryptocurrency industry is now scrambling to become what XRP was historically criticized for being.
Philion’s original comment cut straight to the point: “When XRP and Ripple kind of started out, they were accused of being the banker coin. Now, everyone in the entire industry is desperate to be the banker coin.”
Garlinghouse’s public endorsement, coupled with reports of Ripple deploying $4 billion in XRP holdings toward mainstream institutional finance, frames this development less as a narrative shift and more as a belated market correction.
An X post summarizes it bluntly: “They mocked the vision. Now they’re copying it.”
Real-world assets, bank-integrated infrastructure, and institutional liquidity rails—which were once XRP’s niche—are now the most crowded pitch in the cryptocurrency sector.
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Garlinghouse, Ripple, and XRP Price
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XRP is barely holding above the psychologically critical $1.00 level, with price consolidating in a tight range that technical analysts describe as bullish compression. Key support sits at the $1 zone, a prior consolidation band that has absorbed selling pressure through various market cycles.
Volume remains elevated relative to XRP’s ETF baseline, suggesting sustained interest rather than a dead-cat bounce. Transaction demand data indicates that the $1.00 support level carries real on-chain significance, not just chart psychology.
Xrp (XRP)24h7d30d1yAll time
At current levels, the risk/reward profile favors watching the $1.2 breakout level closely before adding exposure.
The “banker coin” narrative is now the consensus, which means the rerating from a fringe institutional asset to mainstream financial infrastructure is largely priced in. The asymmetric upside that early XRP holders captured—buying into a vision the market had not yet accepted—no longer exists at its current price.
Now, can XRP run back above its all-time high? Only time will tell.
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The post Garlinghouse of Ripple Agrees Wall Street Is Copying XRP’s Banker Coin Model appeared first on Cryptonews.
