Uphold CEO Clarifies XRP Holdings: Built on Trust, Not Hype
Uphold CEO Simon McLoughlin has clarified that the firm’s position among the largest XRP holders reflects customer confidence, not corporate speculation.
He stressed that the more than 1.5 billion XRP holdings belong to clients, underscoring the trust that has enabled Uphold to endure crypto market turbulence.
“People remember who stood firm in difficult times,” McLoughlin said, emphasizing Uphold’s decision to keep XRP trading and custody open when many rivals delisted it.
By resisting market and regulatory pressure, Uphold distinguished itself as a reliable partner, earning lasting trust and loyalty from its users.
“Trust, not speculation, drives Uphold’s XRP position, McLoughlin stressed. Far from hype-driven accumulation, the company’s custody reflects the conviction of its users. ‘This holding is built on trust, not hype,’ he said, underscoring Uphold’s role in safeguarding client assets while ensuring open, seamless trading.
In a market scarred by collapses and liquidity crises, trust is scarce. Uphold sets itself apart by making ownership and reserves crystal clear, proving that transparency and customer-first policies aren’t just safeguards, they’re growth drivers.
XRP’s 280-Day Range Signals Massive Breakout Toward $5–$8, Says Analyst
According to market analyst XRPunkie, XRP has been consolidating in an extended sideways range for the past 280 days since December, a period that has left many traders questioning whether momentum has stalled.
However, technical analysis suggests that patience may soon pay off, as XRP’s chart is forming a massive Inverse Head and Shoulders (IHS) pattern, a historically reliable bullish reversal signal.
The Inverse Head and Shoulders, one of the most reliable breakout patterns, often emerges after extended downtrends or consolidations.
Defined by a deep central low (head) flanked by higher lows (shoulders), it signals growing bullish momentum. For XRP, this formation has been taking shape over a nine-month accumulation phase, strengthening the case for an imminent surge.
XRPunkie notes that this extended buildup signals a powerful move ahead, with technicals projecting a breakout to the $5–$8 range, a major surge from current levels.
Meanwhile, $3.10 has emerged as the battle zone that will decide on XRP’s next trajectory with the price currently standing at $3.04.
Conclusion
After 280 days of consolidation, XRP is shaping a massive inverse head and shoulders, an emblem of both technical momentum and resilience. A confirmed breakout could catapult prices to $5–$8, marking a milestone that reinforces investor confidence in XRP’s long-term strength.
On the other hand, Uphold’s position highlights a core truth in crypto: credibility outlasts hype. By clarifying that its XRP reserves represent customer trust, not corporate speculation, the company reinforces its reputation and underscores the rising demand for transparency across exchanges.