XRP Centralized? Ripple CTO Ends Speculation
The XRP community recently debated XRP's decentralization after concerns surfaced about Ripple CEO Brad Garlinghouse being viewed as the asset's central figure. Ripple CTO David Schwartz clarified that the XRP Ledger has no issuer, and the entire XRP supply was created at its inception. Unlike other blockchains, the XRP Ledger allows anyone to claim XRP without centralized distribution.
Schwartz emphasized evaluating decentralization based on desired assurances: "Ask yourself what you want to be assured will happen and what you want to be assured won't happen." This framework helps assess risks of compromise or control.
👉 Explore XRP Ledger’s decentralization
$878 Million Bitcoin Transfer Stuns Coinbase
On May 26, Whale Alert tracked two significant Bitcoin transactions involving Coinbase:
- 619 BTC ($68 million) deposited into Coinbase Institutional.
- 8,022 BTC ($878 million) withdrawn to an anonymous wallet in batches of ~200 BTC each.
The massive withdrawal coincided with Bitcoin’s price drop below $110,000, signaling heightened whale activity.
Ethereum Targets $3,000 Amid Key Resistance
Ethereum (ETH) rose 2.9% to $2,636 on May 26, recovering from a May 23 low of $2,500. Key observations:
- 200-day SMA ($2,699) remains a critical resistance level.
- Selling pressure may emerge near $2,800 (breakeven point for many investors).
- True market mean ($2,400) suggests bullish sentiment, but $2,900 is pivotal for sustained confidence.
👉 Ethereum’s latest market trends
FAQs
Q: Is XRP centralized?
A: No. The XRP Ledger operates without an issuer, and its supply was pre-distributed at creation.
Q: Why did Bitcoin whales move $878 million off Coinbase?
A: Large withdrawals often indicate accumulation or institutional reallocation, especially during price volatility.
Q: Can Ethereum reach $3,000?
A: ETH must breach the 200-day SMA ($2,699) and overcome selling pressure near $2,800 to target $3,000.
Core Keywords
- XRP decentralization
- Bitcoin whale activity
- Ethereum price analysis
- Ripple CTO
- Coinbase institutional
- Crypto market trends
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