XPRL Meme Coins Vs. XRP

David Schwartz, Chief Technology Officer of Ripple, recently shared his interesting take on the dynamics between meme coins issued within the XRP Ledger (XRPL) and the XRP token itself.

David Schwartz, the Chief Technology Officer at Ripple, recently shared his interesting take on the dynamics between meme coins issued within the XRP Ledger (XRPL) and the XRP token itself. He suggested a symbiotic relationship between the assets that could benefit their prices.

XPRL Meme Coins Vs. XRP

On Monday, Schwartz stated in a post on X that a majority of meme coins on XRPL derive their liquidity from automatic market makers (AMMs) involving XRP. As a result, their prices in US dollars tend to move in tandem.

In an example he provided, Ripple CTO explained that if the price of XRP goes up by 5% in USD, it would also reflect a 5% increase in the value of the meme coin paired with XRPL’s native token. However, he noted that it does not mean their prices would reflect the same values.

Schwartz pointed out that the meme coin’s price can diverge from XRP due to different factors. One primary cause of this is due to profit-taking. Nevertheless, the meme coin would always reference its performance in relation to XRP’s supply and demand dynamics.

“For short, anyone holding a meme coin in XRPL will have significant exposure to XRP, too. Meme coins on XRPL present an ideal alternative for traders or investors with high risk appetite or those who want leveraged trades in XRP’s volatility,” he added.

Egrag Crypto, an analyst and active member of the XRP Army, replied to Schwartz’s latest post in jest, saying, “In Simple English, he is telling you to go buy meme coins on XRPL.”

Currently, the top two tokens in the XRPL are Sologenic (SOLO), with a market cap of $138 million, and XRP Army (ARMY), with a market cap of 26 million. Ripple USD (RLUSD), a stablecoin, notably belongs in the same ecosystem as these meme coins.

XRP Price Surges Following Trump’s Crypto Reserve Announcement

XRP emerged as one of the top performers in the crypto market within the last 24 hours. President Donald Trump’s confirmation of XRP’s inclusion in the proposed US crypto reserve led to its price surging by 33% from a $2.23 low to a $2.97 high.

Bitcoin (BTC), Ethereum (ETH), Solana (SOL), and Cardano (ADA) prices similarly soared following the important announcement. ADA had the most gains in the group, with a 74% rise from $0.6461 to $1.13.

Amid the positive developments in the digital assets sector, Schwartz also solicited the people’s strong arguments supporting the establishment of a digital asset reserve in the US government. The pseudonymous X user TplusZero replied, “Helping to legitimize a sector that was stigmatized by the government for years. I see this as a ‘back to neutral,’” to which the Ripple CTO strongly agreed.

Meanwhile, others claimed that having crypto reserves would allow the government to have an avenue for instant, transparent, and cheaper transactions with agencies and other institutions.