XRP and XLM: A Symbiotic Relationship Driving Crypto Innovation

2023-12-14 13:33:34

KYRENIA, CYPRUS - NOVEMBER 8, 2018: Ripple ( XRP ) website on the smartphone display. Ripple is cryptocurrency and remittance network.

XRP, according to analyst Amelie, is ideal for large financial institutions, not retail investors, marking a contrast with XLM.
XLM, compared to XRP, attracts retail investors in a consolidation phase, showing more diverse growth potential.

Have you ever wondered if XRP and Stellar (XLM) are competitors? Well, Versan Aljarrah, founder of Black Swan Capitalist, has something interesting to say about that. In a tweet recently, Aljarrah debunked the idea that XRP and XLM are rival technologies. Instead, he asserted that they are complementary.

Aljarrah stressed that XRP and XLM complement each other in ways that are still being deployed and explored. Each of these cryptos brings a distinctive and valuable element to the crypto landscape. So, we ask, why limit yourself to one when you can benefit from both?

Google Bard and the Controversy

This insight from Aljarrah came in response to a report citing comments from Google’s AI, Google Bard, about these two crypto projects. Interestingly, Google Bard favored XLM over XRP, arguing that XLM is supposedly more decentralized than XRP. But is this really a solid argument?

Market Perceptions

Another user expressed that XLM seems geared towards retail use, while XRP aligns more with institutions, banks and government entities. However, it is crucial to note that this widespread perception is rather sentimental, as both XLM and XRP cater to both retail and institutional users

XRP For Big Players?

Amelie has been emphatic in her stance on XRP, stating that this cryptocurrency was created for large financial institutions and banks, not the average investor. According to Amelie, Ripple’s innovative payment utility is meant to be deployed by large corporations and banks.

Impatient individual investors, expecting quick profits, will likely be disappointed. However, she offers a glimmer of hope for those patient ones, suggesting that they could see big rewards for their long-term faith in Ripple’s mission.

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In contrast, Stellar’s price forecast suggests a trend that is neither clearly bullish nor bearish. Investors may prefer to wait for multiple technical signals to determine the direction of the trend.

Investor sentiment on Stellar’s price is uncertain and could remain negative unless buyers step up their activities. However, based on technical indicators and price action, the odds seem to favor the bulls.

Complementarity and Contrast between XRP and XLM

While XRP faces criticism for its focus on large institutions, XLM appears to be in a consolidation phase, with a horizontal price range and a slightly uptrend. This distinction reinforces Aljarrah’s point about the complementary nature of these two cryptocurrencies.

XRP, focused on revolutionizing global payments through large banks and financial organizations, and XLM, attracting investors to its demand zone and showing signs of a promising future.

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