le token TLDR
- John Deaton confirms XRP isn’t competing with USDC; Ripple’s RLUSD stablecoin targets the stablecoin market.
- XRP remains a bridge currency, facilitating cross-border payments, not a stablecoin competitor like USDC.
- Ripple’s RLUSD stablecoin directly competes with USDC, not XRP, in the stablecoin market.
- XRP price hits new highs, breaking $3.60, showing strong bullish momentum despite potential retracement risks.
John Deaton, a well-known legal advocate in the cryptocurrency space, has addressed growing confusion around Ripple’s XRP token and Circle’s USDC stablecoin. Recent rumors had led many to believe that XRP was directly competing with USDC.
Deaton clarified that XRP is not in competition with Circle, explaining that Ripple’s RLUSD stablecoin is the true competitor to USDC. This distinction is important for investors to understand to avoid poor trading decisions.
XRP’s Role in Ripple’s Strategy: No Direct Competition with Stablecoins
John Deaton, a prominent advocate for XRP, recently addressed rumors suggesting that XRP is in direct competition with Circle’s USDC. The confusion arose after Dave Portnoy of Barstool Sports sold his XRP, influenced by advice that Circle might rival the token.
Portnoy later expressed regret, stating in a video, “I want to cry,” after XRP’s price surged from $2.40 to $3.60. Deaton clarified that XRP and Circle are not competitors, highlighting that Ripple, the company behind RLUSD, is the one operating in the same space as Circle, not XRP.
Deaton further explained that XRP remains a token used to facilitate liquidity and cross-border payments, and its value fluctuates with market demand. In contrast, stablecoins like USDC are designed to maintain a fixed value.
It sounds like the guy who gave advice to @stoolpresidente might be a moron. Below, Dave said this guy told him that @circle would be competing with XRP and that’s why Dave should sell his XRP. 🤦♂️
Dave’s buddy clearly can’t distinguish between @Ripple, the company, and XRP, the… https://t.co/iSZwW4Tlyr
— John E Deaton (@JohnEDeaton1) July 18, 2025
Ripple’s entry into the stablecoin market with RLUSD does not affect XRP’s role in the ecosystem, which remains focused on its utility as a bridge currency.
This distinction is crucial, as confusing Ripple’s operations with XRP can lead to misunderstandings, potentially causing misguided trading decisions. Deaton emphasized that XRP’s purpose is separate from stablecoins like USDC.
Ripple RLUSD Stablecoin Targets the Stablecoin Market, Not XRP
Ripple has launched the RLUSD stablecoin, which Deaton states directly competes with Circle’s USDC. However, XRP itself is not designed to compete with stablecoins. It functions as a bridge currency and liquidity asset on the XRP Ledger, supporting cross-border payments and facilitating transactions across cryptocurrencies and fiat currencies.
RLUSD is part of Ripple’s strategy to enter the stablecoin market, providing an efficient alternative to existing stablecoins, especially USDC. This move does not change XRP’s role but expands Ripple’s financial offerings, demonstrating its growing influence in the space.
Deaton clarified that XRP and USDC are not competitors. While Ripple and Circle both play important roles in the crypto market, their products serve different purposes. Ripp is used primarily for payments within Ripple’s ecosystem, while RLUSD operates as a stablecoin targeting a different segment of the market.
XRP Price Surge Strong Market Performance Amid Clarity
XRP has made history by breaking through the $3.40 mark, reaching a new all-time high and pushing straight to the 1.618 Fibonacci extension at $3.60. CasiTrades, a noted analyst in the crypto community, highlighted this significant move as a strong indication of bullish momentum.
With XRP holding above prior resistance levels, CasiTrades is optimistic about the next potential target, noting that if $3.40 can be flipped into support, the price could accelerate further.
The next Fibonacci extension above $3.60 is at $4.65, with some exchanges showing a resistance point around $4.62. However, she caution, as the 4-hour chart shows signs of exhaustion and bearish divergence. $3.40 and $3.20 are key levels to watch for possible retracement.
Despite these potential pullbacks, the strength of the recent price movement remains clear, and the daily momentum continues to show positive signs, with the weekly outlook still developing.
The strong upward trend in XRP’s price, coupled with the positive momentum indicated by Fibonacci analysis, points to a continued strong performance in the coming weeks. If XRP can maintain its current levels and continue to build momentum, it may be positioned for further gains in the near future.
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