XRP gains momentum in crypto market: XRP’s price has surged by 20.85% over the past week, reaching 2.59 USD. the cryptocurrency continues to gain traction, breaking critical resistance levels and is supported by positive regulatory changes and institutional adoption. these factors contribute to its strong performance in the crypto market.

Concerns about XRP centralization persist: Ripple holds 38.04 billion XRP in escrow, raising questions about potential centralized control. MAJOR exchanges like uphold and binance also have substantial holdings, prompting worries over price manipulation. however, the XRP ledger’s requirement for validator consensus helps to maintain its decentralized structure.