No Gold? No Problem: Why XRP Stands Strong On Its Own—Analyst

No Gold? No Problem: Why XRP Stands Strong On Its Own—Analyst

Reports revealed this Xrp Community commentator Versan Aljarrah says that XRP can gain a link to gold without already carrying alloys. According to Aljarrah, XRP will simply move the gold -backed Stablecooins via the Professor XRP book.

The commentator argues that this role will give XRP “artificial connection” with symbolic origins such as gold and oil, although XRP itself will not carry any golden reserves.

How XRP blocks the golden symbol

According to Aljarrah, XRP only needs to run the movement of work on the chain of gold coins. Based on reports, each of them gold XRPL symbol represents one gram of real gold. The wills such as MKS PAMP and Imperial Vauults will carry material tapes.

XRP will then intervene to provide liquidity and settle trading on the built -in stock exchange in the professor’s book. Aljarrah believes that this setting is a way to stay useful in global financing.

Meld Gold leads the shipment

Gold generator The only source is currently close to launching a golden code on XRPL. Reports revealed that MELD plans to support each symbol with one gram of material gold. The company says it will work with major cellar operators.

To date, no other symbolic projects, including Pax Gold (PAXG), have been transferred to XRP. Supporters hope to follow more exporters as soon as MELD will prove this concept.

Technical and organizational obstacles

Reports indicate that the version of golden symbols is more than just writing a symbol. Each source must link the distinctive symbol of audit, legal contracts and secure article. Moreover, the fixed XRP consensus system and decentralized compatibility makes support for direct assets difficult.

Matt Hamilton, a former rippral developer, said the encryption assets cannot be supported by gold in a traditional way. Analysts add that its prices move with adoption, legal clarity and market mood, not by noise.

Institutional moves remain invisible

Meanwhile, Aljarrah says that big names like JPMorgan, Blackrock, Bank for International Settlics and IMF have developed special plans to use XRP as a bridge. However, there is no general evidence that supports this claim.

Most of the adult asset managers focused on Blockchains with clear rules. Even Ripple -sec suit The ends are likely to decline. This condition can decide whether XRP is treated as a guarantee, and this will affect any symbolic assets on XRPL.

According to the analysis, the role of the bridge alone will not spoil the price of XRP to the instant gold rate of $ 2950 that some mention in society. Instead, if the distinctive symbols are stopped, Altcoin may see more trading volume and mix.

This may pay its price to the top, but it will continue to trade its own advantages as a liquidity tool for the cross -border payments.

Distinctive photo of Pexels, tradingView graph

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