XRP vs. Wall Street: Ran Neuner Rejects XRP Again
The host of CNBC’s Crypto Trader, Ran Neuner, has once again taken a firm stance against XRP. Neuner stated that he has not altered his position in light of recent events that have connected XRP to the Solana ecosystem. He rekindled a long-running argument in the crypto world with his succinct but straightforward comment. For investors, the story emphasizes how narratives, sentiment, and individual bias continue to influence market discourse.
wXRP Launch Signals New Institutional Phase for XRP
The discussion was fueled by recent news of wrapped XRP (wXRP). As a 1:1 representation of original XRP on several chains, such as Solana, Ethereum, and Optimism, Hex Trust launched wXRP. The structure, which was developed using LayerZero’s Omnichain Fungible Token standard, permits minting and redemption via custodian systems that comply. With this action, XRP’s applications go beyond straightforward transfers. It provides access to yield strategies, liquidity pools, and financing. It makes XRP more composable from a technical standpoint without changing the fundamental asset. This indicates to investors that the token’s institutional-grade infrastructure is expanding.
Neuner Stands Firm as XRP Proves Critics Wrong
Neuner isn’t convinced, even though several erstwhile XRP detractors have changed their minds. He has maintained for a long time that XRP is excessively centralized and overpriced. His doubts remained even after XRP’s legal clarity improved, and its market ranking increased. The fact that he said “never” shows how ingrained these opinions are. After XRP’s recent performance, it’s interesting to note that several well-known individuals have changed their stance. This contrast demonstrates how market results can undermine conventional wisdom. For traders, the lesson is straightforward. Network adoption and price action are frequently more important than opinions. Whether or not critics like it, XRP is still gaining attention.
For more up-to-date crypto news, you can follow Crypto Data Space.
