Rumors that China approved a $40 billion XRP reserve have been proven false with no official confirmations from either side, raising concerns in the market.
No Official Endorsement of XRP by China
There is no official information regarding the alleged XRP reserve from Chinese sources. Neither Ripple executives nor Chinese authorities have confirmed this information. There is insufficient data to support any transactions related to XRP from China.
XRP Market Unmoved by Chinese Rumor
The XRP community continues to discuss the rumor but generally views it as speculation. No market trends indicate any significant actions from China. Key factors driving interest in XRP remain the regulatory landscape in the U.S.
No Precedent for Crypto as National Reserve
Historically, no nation-state has designated a Layer 1 cryptocurrency as a sovereign reserve asset. Similar rumors about XRP have previously circulated without resulting actions. Ripple CEO Brad Garlinghouse stated, "There have been no official statements from Ripple executives regarding a $40B XRP reserve move by China."
Rumors about China's $40 billion XRP reserve have proven unfounded. Without official confirmations and strategic market changes, experts predict minimal consequences.
