The discussion with the community took an interesting turn when Ripple CTO cited Metamask as an example. One analyst noted that there is still potential upside for XRP, citing the significant technical and fundamental developments underlying the token.
Ripple CTO joins XRP community in interesting discussion!
Recently, “Mr. Huber”, a member of the XRP community on X, started a discussion on the nature of securities in the context of crypto assets. The discussion centers on the question of whether staking can be considered a true investment contract in the context of the smart contract it uses. Ripple Chief Technology Officer David Schwartz also joined the conversation. Schwartz said that a smart contract is just a phenomenon that defines certain characteristics of an asset. In this context, Schwartz said, “A smart contract is just a phenomenon that is a property of the asset. Every asset has facts that have their own characteristics.”
The fact that gold has 79 protons is not a contract that makes the sale of gold an investment contract,” the Ripple CTO said, illustrating this point with a comparison to gold. With this, he emphasized that each asset has its own characteristics, but these characteristics alone do not create a contract.
Ripple CTO gave the example of Metamask!
David Schwartz also noted that if the act of “all the people who own assets doing something” qualifies as a joint venture, almost anything could be classified as a security. This broad definition would blur the lines between various asset classes and their legal status.
The discussion took an interesting turn when the CTO of Ripple cited Metamask as an example. According to Schwartz, Metamask’s efforts no more determine the profits of its users than De Beers’ efforts determine the profits of diamond owners. This analogy emphasized his belief that a company’s involvement or actions regarding an asset does not necessarily make the asset a security.
According to the analyst, XRP will reach $0.7 on this date!
As you have been following on Kriptokoin.com, XRP has been on the move for a long time. However, an analyst with the pseudonym Rlinda pointed out that XRP is on the verge of a possible breakout that could take the token above $0.70. The analyst noted that XRP is trading in a wedge pattern, facing resistance and showing signs of consolidation. RLinda pointed out that technically, XRP is constantly testing wedge resistance.
Despite reduced volatility, buyers are holding the $0.4637 support level, preventing the price from falling further. This persistent support could lead to a retest of resistance, increasing the likelihood of a breakout. A consolidation above $0.4962 is a critical indicator of market change and could potentially push XRP to targets of $0.6265 to $0.73. The support and resistance levels identified by the analyst are crucial indicators for traders. The analyst predicts that buyers will soon break the bearish resistance and rally towards the projected targets. If XRP consolidates above $0.4962, a rise to $0.73 could be paved.
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