Ripple CEO Brad Garlinghouse sharpened a live debate inside crypto this week by publicly attacking Michael Saylor’s leveraged approach to buying bitcoin. In an interview, Garlinghouse argued that Saylor’s preferred-share funding for ongoing Bitcoin purchases has hurt the wider crypto market, rather than just expanding his own firm’s exposure. He called out the difference between chasing price through aggressive balance-sheet plays and building resilience through practical use. Garlinghouse also made clear his view is not anti-bitcoin, but anti-leverage as the main engine for growth.
That puts a different spotlight on XRP itself. Over the past 72 hours, XRP has dropped back toward the old breakout zone around $1.06 after losing support near $1.085. XRP is now testing that $1.06 area as a potential support level, with lower downside markers in view if that floor gives way.
Garlinghouse’s critique lands during another stretch of market strain, when investors are weighing which parts of the sector look resilient and which still depend on leverage and sentiment. His comments do not explain XRP’s move by themselves, but they do arrive as the token tests an important price area.