David Schwartz, Ripple's chief technology officer, has dismissed claims that new XRP tokens can be created on the XRP Ledger. His statement comes after renewed debate over the token supply.

Meanwhile, the XRPUSD H1 chart reveals that the price is currently hovering around a key support level. A potential strong bullish reversal pattern could generate momentum and drive the price higher.

XRP Ledger Blocks New Token Creation

The discussion resurfaced when Pierre Rochard, a Bitcoin advocate, suggested that Ripple Ripple Ripple was co-founded by Jed McCaleb and Chris Larsen and was debuted in 2012 as both a digital disbursement network and a pre-mined digital coin denoted as XRP. Possessing less market cap than both Bitcoin and Ethereum, Ripple ranks as the third-largest cryptocurrency.Its dual open-source and peer-to-peer (P2P) decentralized platform whose network is capable of working with any form of money such as GBP, Ethereum, Yen, etc. What is Ripple Used For? Known as a gateway, participants of Ripple may Ripple was co-founded by Jed McCaleb and Chris Larsen and was debuted in 2012 as both a digital disbursement network and a pre-mined digital coin denoted as XRP. Possessing less market cap than both Bitcoin and Ethereum, Ripple ranks as the third-largest cryptocurrency.Its dual open-source and peer-to-peer (P2P) decentralized platform whose network is capable of working with any form of money such as GBP, Ethereum, Yen, etc. What is Ripple Used For? Known as a gateway, participants of Ripple may Read this Term could mint additional XRP beyond the fixed 100 billion supply. This led to a heated exchange Exchange An exchange is known as a marketplace that supports the trading of derivatives, commodities, securities, and other financial instruments.Generally, an exchange is accessible through a digital platform or sometimes at a tangible address where investors organize to perform trading. Among the chief responsibilities of an exchange would be to uphold honest and fair-trading practices. These are instrumental in making sure that the distribution of supported security rates on that exchange are effectiv An exchange is known as a marketplace that supports the trading of derivatives, commodities, securities, and other financial instruments.Generally, an exchange is accessible through a digital platform or sometimes at a tangible address where investors organize to perform trading. Among the chief responsibilities of an exchange would be to uphold honest and fair-trading practices. These are instrumental in making sure that the distribution of supported security rates on that exchange are effectiv Read this Term among community members.

Schwartz responded by stating that no code within the XRP Ledger allows new XRP creation. He explained that the system enforces strict rules to prevent such an action. The ledger’s invariant checker continuously monitors transactions and blocks any attempt to generate new tokens.

Ripple can add one any time https://t.co/2xz2g1MSyQ

— Pierre Rochard (@BitcoinPierre) March 4, 2025

An XRPL dUNL validator, known as Vet, supported Schwartz’s position. He stated that the network’s developers designed the system to prevent any increase in the original supply created in 2012. He also emphasized that no exploit could bypass the ledger’s safeguards.

Schwartz Dismisses Concerns over XRP Circulation

Schwartz also addressed concerns about XRP circulation. Some community members speculated that past changes to the ledger’s structure could have left certain tokens unaccounted for. However, he stated that there was no evidence of more than 100 billion XRP existing in the system.

Mayukha Vadari, a senior software engineer at RippleX, added that the ledger’s design ensures that all account balances are verified. Any attempt to exceed the recorded amount would be rejected by validators.

XRPUSD Consolidates at Key Support Level

The XRPUSD H1 chart indicates that the price has bounced several times at 2.10500. As of now, the price remains in consolidation around this level. A bullish reversal pattern, followed by a breach at 2.21450, could attract intraday buyers and drive the price higher. The H1 chart also provides sufficient space for price movement, potentially leading to strong bullish momentum in the event of a breakout.

Conversely, if the price breaks below 2.10500, sellers may look to enter short positions upon confirmation of a breakout followed by a bearish reversal signal.

Ripple’s Strategy for Growth: Legal Disputes, Institutional Partnerships, and Cross-Border Payments

Michael Saylor, Executive Chairman of Strategy, recently discussed the inclusion of cryptocurrencies in US strategic reserves. This followed an executive order by President Donald Trump, listing Bitcoin and altcoins like Ethereum, XRP, Solana, and Cardano. In an interview with Fox Business, Saylor addressed regulatory concerns for digital assets and referred to XRP as a token, suggesting its issuance should occur under a regulatory framework.

BREAKING: 🇺🇸 MICHAEL SAYLOR DISCUSSES U.S. CRYPTO RESERVE - INCLUDING $BTC, $ETH, $XRP, $SOL & $ADA!

“XRP is attached to a company @Ripple.” Stated The Fox Reporter

“ I think those are tokens and we should have a regulatory framework that allows those to be issued” - @saylor… pic.twitter.com/jc0DeuCjKO

— Good Morning Crypto (@AbsGMCrypto) March 5, 2025

Ripple gained attention when CEO Garlinghouse and Chief Legal Officer Alderoty attended a private dinner with President-elect Donald Trump on January 6, sparking speculation about the ongoing legal case with the US Securities and Exchange Commission (SEC). The SEC filed a lawsuit in December 2020, alleging Ripple sold XRP tokens as unregistered securities.

South Korea's institutional crypto storage firm BDACS will use Ripple Custody to secure XRP and RLUSD, a dollar-pegged stablecoin issued by Ripple. This partnership targets institutional clients seeking secure storage for digital assets.

Ripple has also partnered with Revolut and Zero Hash to expand access to RLUSD, positioning it as a competitor to USDT and USDC.

🚨 New partner alert: Ripple USD – a trusted, transparent, and regulated stablecoin built for payments – is now available for trading on @ZeroHashX and @RevolutApp!

Get $RLUSD: https://t.co/jrEiNBWKgN pic.twitter.com/36q5OU5xfa

— Ripple (@Ripple) February 5, 2025

Additionally, Ripple has teamed up with Portuguese exchange provider Unicâmbio to facilitate instant international payments between Portugal and Brazil using digital assets for cross-border transactions.

Ripple has made progress in Japan, with expectations that banks will adopt the XRP Ledger by 2025 to improve cross-border payments and remittances.

In the DeFi sector, Ripple has partnered with Chainlink to integrate RLUSD into Ethereum-based DeFi applications for trading and lending.

In philanthropy, Ripple donated $100,000 in XRP to support communities affected by California wildfires, aiding organizations like World Central Kitchen and GiveDirectly via The Giving Block platform.

Investor activity in XRP remains strong, with whales acquiring 520 million tokens during a recent price dip, showing continued interest. The SEC’s reassignment of Jorge Tenreiro, who oversaw Ripple’s case, has raised questions about the agency’s future approach to crypto litigation.