{"id":469973,"date":"2026-10-02T06:44:14","date_gmt":"2026-10-02T03:44:19","guid":{"rendered":"http:\/\/sitedemo.beget.tech\/559\/xrp-news-brazil-deal-meets-lunacy-price-drop-as-1000-predictions-lose-their-pull\/"},"modified":"2026-10-02T06:44:14","modified_gmt":"2026-10-02T03:44:19","slug":"xrp-news-brazil-deal-meets-lunacy-price-drop-as-1000-predictions-lose-their-pull","status":"publish","type":"post","link":"http:\/\/sitedemo.beget.tech\/559\/xrp-news-brazil-deal-meets-lunacy-price-drop-as-1000-predictions-lose-their-pull\/","title":{"rendered":"XRP News: Brazil Deal Meets \u2018Lunacy\u2019 Price Drop As $1,000 Predictions Lose Their Pull"},"content":{"rendered":"

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Flare co-founder Hugo Philion says the market\u2019s reaction to $XRP<\/span>\u2019s latest news makes no sense. $XRP<\/span> fell on the day CSD BR, one of Brazil\u2019s core securities depositories, said it would bring assets onto the $XRP<\/span> Ledger.<\/p>\n

\u201cIt doesn\u2019t make sense\u201d<\/strong><\/p>\n

Philion said that $XRP<\/span> is not \u201chis\u201d coin. Even so, he called it \u201clunacy\u201d that the token dropped right after news he described as potentially transformative. He added that Flare\u2019s FLR token sometimes gets the same lacklustre response.<\/p>\n

<\/p>\n

<\/p>\n

Know when your
coins move<\/h2>\n

Alerts, real-time prices, and market news \u2014 all in one app <\/p>\n

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4.8 based on 40K reviews in the App Store and Google Play<\/span> <\/p>\n

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<\/p>\n

<\/span> <\/p>\n

What the Brazil deal involves<\/strong><\/p>\n

According to Ripple\u2019s Luke Judges, this is the first time the $XRP<\/span> Ledger is publicly being built into financial market infrastructure of this size. CSD BR is one of two entities approved by Brazil\u2019s securities regulator, the CVM, to run clearing, settlement and depository services. It holds more than BRL 22 trillion in registered assets.<\/p>\n

The program starts with BTG Pactual fund shares, with plans to bring large parts of Brazil\u2019s fixed-income market onto the XRPL. Judges said the first issuance could put about $15 billion of \u201crepresented\u201d market value on the ledger under a digital twin model. He hopes it will happen before the end of the year but warned of possible technical delays. The XRPL currently holds about $6.3 billion in total assets, he said.<\/p>\n

Hype fatigue<\/strong><\/p>\n

Some replies on X offered a different explanation. Years of predictions that $XRP<\/span> would hit $1,000, they said, have left investors tired of the coin. They argued that every partnership gets called \u201cgame changing\u201d and that the $XRP<\/span> token is not used in most of the projects people promote.<\/p>\n

Bill Morgan: \u201cBuy more\u201d<\/strong><\/p>\n

Lawyer Bill Morgan pointed out that the market has also ignored the Evernorth merger approval vote. He called it \u201can irrational response from the most irrational market in human history\u201d and said his response is to buy more $XRP<\/span>.<\/p>\n

Source<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Flare co-founder Hugo Philion says the market\u2019s reaction to $XRP\u2019s latest news makes no sense. $XRP fell on the day CSD BR, one of Brazil\u2019s core securities depositories, said it would bring assets onto the $XRP Ledger. \u201cIt doesn\u2019t make sense\u201d Philion said that $XRP is not \u201chis\u201d coin. Even so, he called it \u201clunacy\u201d …<\/p>\n","protected":false},"author":1,"featured_media":469975,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_bbp_topic_count":0,"_bbp_reply_count":0,"_bbp_total_topic_count":0,"_bbp_total_reply_count":0,"_bbp_voice_count":0,"_bbp_anonymous_reply_count":0,"_bbp_topic_count_hidden":0,"_bbp_reply_count_hidden":0,"_bbp_forum_subforum_count":0},"categories":[228],"tags":[],"yoast_head":"\nXRP News: Brazil Deal Meets \u2018Lunacy\u2019 Price Drop As $1,000 Predictions Lose Their Pull - Crypto News<\/title>\n<meta name=\"robots\" content=\"noindex, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"XRP News: Brazil Deal Meets \u2018Lunacy\u2019 Price Drop As $1,000 Predictions Lose Their Pull - Crypto News\" \/>\n<meta property=\"og:description\" content=\"Flare co-founder Hugo Philion says the market\u2019s reaction to $XRP\u2019s latest news makes no sense. $XRP fell on the day CSD BR, one of Brazil\u2019s core securities depositories, said it would bring assets onto the $XRP Ledger. \u201cIt doesn\u2019t make sense\u201d Philion said that $XRP is not \u201chis\u201d coin. 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