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    MarketForces Africa » MarketForces News » XRP Hovers at $1.38 Amid Ripple CEO ‘North Star’ Talk

    XRP Hovers at $1.38 Amid Ripple CEO ‘North Star’ Talk

    Julius AlagbeBy Julius AlagbeApril 29, 2026 News No Comments2 Mins Read
    XRP Hovers at $1.38 Amid Ripple CEO ‘North Star’ Talk
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    XRP Hovers at $1.38 Amid Ripple CEO ‘North Star’ Talk

    XRP price stabilises around $1.38 on optimism after Ripple Chief Executive Brad Garlinghouse reiterated that the token remains the company’s guiding “North Star.”

    Despite this, social sentiment around XRP has plummeted to its most negative level in two years, according to analytics from Santiment.

    This shift followed the token’s break below the $1.40 support level. Analysts note the current “bullish to bearish” ratio is 1.02 to 1.00, marking the third-most pessimistic reading since 2024.

    While the bearish mood reflects weak near-term price action and macroeconomic pressures, it also sets the stage for a potential sentiment-driven rebound if a positive catalyst emerges, such as regulatory progress or whale accumulation.

    Latest data indicates that XRP Ledger has crossed a major milestone, with the value of tokenised real-world assets (RWAs) on its network exceeding $3 billion—a 59% monthly increase.

    Data from RWA.xyz shows 291 active initiatives, led by energy-backed commodities and Ripple’s own RLUSD stablecoin. Ripple executive Luke Judges estimates the actual figure may be closer to $3.75 billion.

    This is bullish for XRP because it demonstrates accelerating institutional adoption and concrete utility beyond speculation. The growth in RWAs strengthens the XRPL’s value proposition as a scalable settlement layer for global finance, which could drive long-term demand for the native XRP token, according to CoinMarketCap.

    Ripple CEO Brad Garlinghouse has reiterated that XRP remains the company’s guiding “North Star,” a statement he reinforced on social media.

    This is not a new strategy but a consistent message that all of Ripple’s product development, partnerships, and capital allocation are centred on enhancing XRP’s utility, particularly in payments and institutional DeFi.

    The token currently sits at a crossroads, with record-low social sentiment clashing with robust on-chain growth in real-world utility. The path forward hinges on whether tangible adoption can overpower negative market psychology. BTC, ETH Gain as HKMA, HSBC Flag Fake Stablecoins

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    Julius Alagbe
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    Julius Alagbe is a senior financial journalist and Editor at MarketForces Africa with nearly two decades of experience in finance, accounting, and economics reporting.He is one of Nigeria's most prolific financial market reporters, covering capital markets, monetary policy, corporate earnings, banking, telecoms, and macroeconomic developments across Africa.Julius has built a strong footprint reporting on Nigeria's leading corporates and financial services sector, including coverage of the Nigerian Exchange Group, Central Bank of Nigeria monetary operations, MTN Nigeria, GTCO, and major investment banking transactions.He regularly monitors the CBN’s open market operations, interbank FX markets, and equity market movements, providing readers with real-time intelligence on Nigeria’s financial landscape.His reporting draws on direct access to institutional research from firms including Moody’s Ratings, CardinalStone Securities, Fitch, and other leading African investment houses.Julius brings analytical depth and editorial rigour to every story, making complex financial data accessible to professionals, investors, and policymakers across Africa.Julius Alagbe is based in Lagos, Nigeria.

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