The XRP price had a solid week with around 6% pump which means it’s now trading around $2.17. Considering Ethereum actually lost 4.5% in price during the same period, it’s safe to say XRP holders can be fairly happy with how this week went.
Meanwhile, one of the pro-XRP crypto analysts EDO FARINA who has been vocal about this token on X, now released a viral video to his 35k subscribers on YouTube.
What you'll learn 👉
The Government’s XRP Connection
Ripple CEO Brad Garlinghouse recently shared that the US government might get $50 million worth of XRP. This could be to settle the SEC fine that Ripple has to pay after their court case.
At today’s price of $2.17, that’s about 23 million XRP tokens. This would make the US government one of the biggest XRP holders in the world. They might even join the top 0.01% of all XRP wallets. Right now, only 638 wallets in the world have more than 5 million XRP.
This transfer is interesting because it lets the government hold XRP without buying it directly. Farina thinks XRP might already be in government hands through secret agreements. These deals might stay hidden until they’re ready to announce them.
Some people think this could mean XRP might become a new global reserve currency. The government getting XRP could be the first step toward this bigger role.
Why Would the Government Want XRP?
The main reason would be to use XRP as a bridge currency. Central banks already hold foreign money for similar reasons. XRP could replace the old system of pre-funded accounts for sending money across borders.
If XRP becomes a tool for global payments, the Federal Reserve might add it to its balance sheet. This would be a huge sign that big institutions are starting to use XRP.
Farina also talks about what makes someone a top XRP holder. If you have 2,500 XRP, you’re in the top 10% of all holders. With 8,970 XRP, you reach the top 5%. And if you want to join the exclusive 1% club, you need about 51,000 XRP tokens.
In his video, Farina suggests that XRP could play a big role in how money works in the future. He thinks the current price might be a good entry point before any official news about government holdings comes out. But remember that all of this is still speculation, and you should always do your own research before buying any crypto.
Read also: It’s (Almost) Over XRP Holders: Ripple and SEC File Joint Motion to Settle – What Happens Next?
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