The Ripple cryptocurrency is losing the fight to be the payment currency.
Although the payments narrative has changed, XRP enthusiasts remain bullish.
The XRP cryptocurrency, created by the Ripple company, is once again at the center of the debate about its real usefulness in the cryptocurrency ecosystem.
For years, its enthusiasts hoped it would be the future of global payments in banks and financial networks. However, in the current panorama, that narrative seems to have weakened in the face of the advance in the use of stablecoins, crypto assets that maintain the same price as fiat currencies.
Scott Melker, market analyst, raised a direct question via X that resonated with investors: “I say this with no disrespect, I’m looking for a real answer. What is the current argument for
The specialist highlighted that Western Union announced this week that it chose the Solana network to launch its own stablecoin. In addition, he recalled that Swift decided to use Linea on Ethereum to deploy a new accounting record via blockchain, as reported by CriptoNoticias last month.
That Swift leaned towards a cryptocurrency ecosystem outside of XRP “It was the selling point I heard for years,” Melker noted. “Stablecoins have clearly taken the reins in payments,” he further added.
In this context, it makes sense that Ripple has taken part by launching a stablecoin last year. However, it leaves him with a question that he expressed in the community: “What use is XRP? I’m not trolling, I’m really asking.”
XRP between the faith and the fatigue of its followers
Melker’s reflection opened a debate on the narrative of XRP as a “global bridging asset”, an idea that among its enthusiasts they accept that it has lost strength over time. However, this does not mean that their bullish expectations are broken.
“The launch of a Western Union-subsidized stablecoin should not shake anyone’s conviction in XRP. It will be multichain anyway, not only in Solana”, responded Ryan S., analyst better known as King Solomon.
Still, he indicated that his view has changed: “If you still believe that XRP needs the ‘global bridge asset’ narrative to succeed, that’s where my conviction disappeared.” “I remain extremely bullish on XRP,” he added.
Among the optimistic fundamentals, mentioned the growth of the XRP Ledger (XRPL) ecosystem, which could boost the value of the cryptocurrency as more projects are built on top of it. He also highlighted the integration of real-world assets (RWA), a trend that could gain traction.
According to Solomon, XRP’s high liquidity gives it an advantage over other less traded assets, and Ripple’s business strategy—its acquisitions, alliances, and new stablecoin— could strengthen its future relevance. In this scenario, he maintains that it could function as a treasury asset.
The discussion around XRP reflects a change in market perception: although the initial “global payments asset” narrative weakens, its enthusiasts still see reasons to keep faith in its potential.