XRP Market Update: Patent Claims, Defense Against Criticism, and Pivotal Price Point
The XRP crypto market has been buzzing with various news and developments. In the latest updates, an advisor from El Salvador shared a patent paper to claim that XRP is centralized, sparking a reaction from the community. However, Ripple's David Schwartz defended XRP against claims of elite enrichment. Technical analysis suggests that XRP is at a pivotal point, with bulls needing to defend the $0.48 level to break above a month-long symmetrical triangle. Japanese researchers also discovered a correlation between XRP price and the transaction network system. Despite these developments, XRP's price remains anemic and the looming SEC ruling is testing investors' tenacity. Finally, the XRP community claims credit for inventing a 'decentralized justice' concept.