XRP News: Messari Founder Criticizes Ripple, Calls It a Risk to Trump’s Crypto Plan

Ryan Selkis, the founder of Messari, has sparked controversy by labeling XRP and Ripple as obstacles to the pro-crypto agenda of the Trump administration. Selkis criticizes Ripple for its centralizing tendencies and significant XRP holdings, which he believes contradict the decentralized nature of cryptocurrencies and could hinder broader blockchain adoption. He also raises concerns about XRP's growing market capitalization.

Messari Founder Criticizes Ripple, Calls It a Risk to Trump’s Crypto Plan

Ryan Selkis, the founder of Messari, has sparked controversy by labeling XRP and Ripple as obstacles to the pro-crypto agenda of the Trump administration. Selkis criticizes Ripple for its centralizing tendencies and significant XRP holdings, which he believes contradict the decentralized nature of cryptocurrencies and could hinder broader blockchain adoption. He also raises concerns about XRP's growing market capitalization, noting that it now rivals major companies like Salesforce and Bank of America, potentially distorting market perceptions.

XRP Price Prediction For January 18

As of January 18, 2025, XRP is trading at approximately $3.20, reflecting a slight decrease of 1.24% from the previous close. XRP, developed by Ripple Labs Inc., is a digital asset designed to facilitate fast and cost-effective cross-border transactions. Over the years, XRP has established itself as one of the leading cryptocurrencies by market capitalization, attracting significant attention from investors and financial institutions alike. XRP has experienced notable price movements recently. On January 15, 2025, it reached an all-time high of $3.02, driven by investor Optimism surrounding Ripple’s ongoing legal battle with the Securities and Exchange Commission (SEC). This optimism is further bolstered by expectations of crypto-friendly policies from the incoming administration, including the potential nomination of pro-crypto officials.

XRP Breakout Alert: Expert Predicts Potential Surge To $15 After Triangle Formation

As XRP recovers from a notable dip in mid-December, technical analysis signals strong potential for further growth. Currently valued at approximately $3.23, XRP is positioned among the most robust performers in the cryptocurrency market, boasting an impressive 43% gain over the past month. This price resurgence has propelled the market’s second-largest altcoin to a seven-year high, inching closer to its previous price record of $3.40, set in 2018. In a recent social media update on X (Formerly Twitter), market analyst Ali Martinez highlights the significance of XRP’s recent breakout from a month-long consolidation phase between $1.90 and $2.60. Martinez notes that this price breakout has occurred within a symmetrical triangle pattern on the weekly chart, suggesting a potential surge to $15.

XRP Outflows Top $70 Million Amid Profit-Taking Trend

During Saturday’s trading session, outflows from XRP’s spot markets totaled $74 million, marking its highest single-day capital outflow in the past 30 days. This trend follows a profit-taking movement that began after XRP reached an all-time high on January 16. Large spot outflows like these can exert downward pressure on the asset's price, potentially leading to a negative feedback loop of further selling and price declines. The current rally in Ripple's price is not supported by high demand, indicating a cautious or pessimistic outlook among investors.