Ripple XRP: Is David Schwartz Reinforcing The Notion That DTCC Will Be A Big Driver Of XRP Utility?

Added: 2026-05-24

[00:00:03]Hey guys and welcome to the Working Money channel. This video includes paid promotion. Well, we got this from Bank XRP. XRP just got absolutely bodied.

[00:00:14]Sharp wick straight into the$130 zone, guys. We haven't seen uh under a$130 in quite some time liquidity. And uh that's the kind of flush that clears away the weak hand. So, this is just a screen grab, I guess, from yesterday. XRP getting down to A130 currently. Uh I guess I should just go back to this uh if you guys do not know this term.

[00:00:34]Getting bodied, by the way, is a slang term. It means to completely get defeated, physically dominated, or proven wrong by an opponent. I know maybe maybe some of you guys already know the term, but I figured I'd just define it for uh maybe some people in the audience. Um yeah, look at that. So XRP back into these levels where we have seen wicks in the past. And uh guys, if we're just looking at wicks right now, that line denotes where we have seen XRP just wick down below. We haven't seen any opens or closes below that level. Um and that is at about $131. So this is the daily chart, guys. XRP now wicking down. XRP finding that crucial support there. Uh and now just kind of slowly meandering up. But look at this. Look at this candlestick. If you guys uh are paying attention to the screen here on a very very high selling pressure and now we've gotten uh just a few 1 2 3 four candlesticks moving up on very very low buying pressure. So it's not looking good for XRP. I mean this is what I keep saying though. We're in a bare market guys. Prices are going to continue to go down whether you like it or not. And uh guys we're still in a 4-year cycle. Fear and greed is at 33. We are in fear today. uh the market cap is down by uh almost 3.5%.

[00:01:53]You can see the average crypto RSI is closer to oversold territory and we are seeing significant red on the board today. Uh some cryptocurrencies are down 2 3 4 5 6 up to 9%. Look at hype. Hype is down 9.57%.

[00:02:08]Uh even Zcash down 8.9%. So this is the reality of the crypto market. Bitcoin Cash down 9.4. Uh, Toncoin down 12.3.

[00:02:18]We've got Suiecoin that's also down by 10.63. So, a lot of these cryptocurrencies just getting decimated all because Bitcoin is also moving down, guys. So, the daily chart for Bitcoin, uh, you know, it's it's to be expected.

[00:02:34]Guys, I'm just going to interrupt this video for a second. Here's a word from one of today's video sponsors. Guys, just a quick update with regards to Foris X. I've been working with the team for the past three months and I'm genuinely impressed on how consistently they keep improving the platform. What stands out most is their focus on security and transparency. Their security ratings continue to rise.

[00:02:53]They've completed independent audits with Certic and Cyber Scope and they use Fireblocks for their institutional-grade custody infrastructure. For long-term XRP holders, this is one of the most interesting platforms I've tested. Since the XRP ledger doesn't offer native staking, Fortis X allows you to put your XRP to work through liquidity pools and earn daily rewards. There are no lockup periods and you can withdraw whenever you want. Thousands of users are already using the platform and the feedback has been very positive. If you've been holding XRP long-term, Fortis X is definitely worth checking out. Remember, investing is inherently risky. Always diversify your investments. This is not financial advice. We are closing in on late May and uh late May in a uh in a midterm year. And guys, this is what we're seeing now for Bitcoin. What we're noticing here is uh what is looking like that head and shoulders pattern and uh what is looking like probably a continued move to the downside. So, I mean, if we look at former midterm years around this time of year, oops, let me just bring you back to 2022, guys, and uh just show you where the end of May was. Early June, end of May. So, we were just in around here before we did see the market go down. Uh how much more did it go down at that point? So, from the top there, it did go down about another 45% from the top to the low. Um, but average, let's call it about 30 35% by uh by late June. And then in the summer of 2022, I mean, we did see a bit of a pop, but after that, Bitcoin was essentially in a brand new accumulation zone before that last capitulation event. Let's bring it back to 2018, the last midterm year before that. So, just to show you guys some patterns here, just to show you guys what generally does happen here. This is May 2018 and uh we slid down into June. Same kind of thing. A bit of a bump in the summer, came back into this accumulation zone and then the capitulation by the fall.

[00:04:51]So, are we going to see the same thing in 2026?

[00:04:56]That's a very good question. Minus Wells bringing something up that uh is a little disconcerting if you guys are looking to uh invest in several different alternative cryptocurrencies.

[00:05:05]Maybe one of those is ADA. Uh he was retweeting out Jungle Inc.'s tweet with regards to Cardono governance. Okay, 88.

[00:05:12]It's been captured and this is uh this is a statement actually made by Charles Hoskinson. Listen to this. And we've allowed a small minority of rabble rousers and kickers and perpetual haters to own the Cardono governance process. I was talking to a DRREP the other day and she told me, you know, 99% of the ADA holders don't participate, don't know anything about this, don't care. and they would be deeply saddened to see Cardano die.

[00:05:42]Why do we let so few have so much power over the process and dialogue? Cuz people are just afraid to get hit.

[00:05:49]>> Coming from the horse's mouth himself, the creator of Cardano saying rabble rousers and perpetual haters are threatening the entire process. Um, not a good sign, guys. Not a good sign. I mean, a bare market is a bare market. Of course, Cardano is going to uh, you know, move down with the rest of the space. We're seeing it now. Cardano down 23 cents per coin and uh getting down.

[00:06:12]Oh boy, it's not looking great. I I got to say these are great levels to be buying at. But uh you know, it's not looking great though. Uh in terms of the overall structure, look at this chart.

[00:06:23]We're seeing the same lows that we saw back in 2023 for Cardono. Uh, you know, when you compare that to XRP, XRP is um XRP is still holding up the lows that we saw in November of 2024 when we saw that big spike over the month of November in 2024 after the presidential election. So XRP's been holding up levels, but uh Cardano, we cannot say the same for cryptocurrencies like Cardano. This is why, guys, it's very important to make sure you're picking the right cryptos for this cycle. And uh yeah, I said I was going to put out a Patreon update. I still am working on that. And uh you know, I'm thinking about the proportions where I'm going to be allocating capital for my portfolio, for my altcoins, for my Bitcoin. Uh and you can follow all that at patreon.com/workingmoney channel because my thought maximizing profits with some high quality cryptocurrencies, cryptocurrencies that are going to perform well or that at least I think are going to perform well.

[00:07:19]So you can follow me. It is only $5 a month, but you got to subscribe and stay subscribed to lock into that price. Now, you might fall in this category. I'm currently confused about XRP and hope someone can help me clarify things. This coming from Mino here. If XRP is truly seen as a bridge connecting international fiat currencies, countries like Dubai, which is not a country by the way, and Japan are already using its technology, why hasn't its price skyrocketed? Uh, what's preventing XRP from reaching $1,000, or even more realistic, just $10 per coin? Is it because the majority of XRP's supply, say over about 80%, is controlled by its early creators or related institutions, or is it because the market has low expectations? XRP seems to have great potential, especially after the recent political changes in the United States, but I can't understand why its price remains low. So, the the reason, Mino, the reason is because we just aren't seeing the kind of utility we need to see. I know it seems like, you know, the Japan um the Japan announcements or the UAE announcements are really good announcements and they are. I mean, we are seeing utility on these chains. I mean, we're also seeing utility being uh put through a lot of these companies. Uh Finastra, Teos integrates backend XRP utility into into uh traditional banks, financial institutions. Novati is one of them. Uh Airwall is another one. Uh you know, New Bank leverages XRP. A lot of these companies, a lot of these financial institutions do use XRP already, but to your question, it's still just not enough. They're using, they're holding enough to do uh their transactions, but guys, spec market still wins out. We're seeing cryptocurrency uh demand and supply based on just based on speculative fundamentals, based on Bitcoin moving.

[00:09:04]So, this is why we're not seeing the real utility yet. And it's all going to depend on a lot of it's going to depend on clarity in the United States. Well, Trump just made this announcement. He says Kevin Walsh will plummet Fed interest rates which will help Americans afford houses. You know what this is also going to do, guys? Help pump the crypto market. I had a rotten head of the Fed and now I have a great head of the Fed today.

[00:09:27]Kevin Walsh.

[00:09:29]Kevin was just sworn in today. He's great. He's going to be great. And now Congress is on the cusp of passing the most important piece of housing legislation in a generation. But to be honest with you, housing is all about interest rates. I know more about housing than anybody in history. No president's ever. I built a lot of housing. And they can pass all the bills they want. It's about interest rates.

[00:09:53]You get the interest rates down.

[00:09:55]Everybody's going to be very, very happy. We're going to get it down very quickly. So there you heard it from Trump. They're looking to get interest rates down. And they need a head a Fed chair head to do just that. And Kevin Worsh looks like he's going to be the guy. So, that is what is brewing. On top of which, Kevin Worsh and Trump just made it clear that rates are going lower. Well, you just saw the uh the Donald Trump clip. Here's what Kevin Worsh had to say. Listen to this.

[00:10:21]>> What we call AI in a couple years, we'll just call business. And AI is going to make almost everything cost less. And the US can be a big winner. And uh and it's a hugely exciting moment. If I were to step back for a minute, if I were the president, what I'd be worried about is a central bank that doesn't see any of that. A central bank that is stuck with models from 1978, governance from a prior period and don't recognize we could be at the front end of a productivity boom. And if I were the president, I'd be worried that they might not see it and they might think economic growth is somehow going to be inflationary. I think we were probably in the early innings of a structural decline in prices. Ken sees it on the front lines of real businesses. And I think if you look over uh the period of the next year or two, it's a pretty special moment.

[00:11:08]>> So, a few things there. AI is going to make almost everything cost less. We're at the front end of a productivity boom.

[00:11:14]Uh economic growth won't be inflationary. So, uh maybe uh plans to lower rates are going to factor in there. Anyway, wanted to thank Daniel.

[00:11:21]Wanted to thank uh Eric. Wanted to thank Mino Minus Wells and Bank XRP for that first tweet there. Now guys, another one from Bank XRP. We are seeing XRP ETF inflows surpass those of Ethereum and Bitcoin. We are seeing Bitcoin and Ethereum bleeding compared to XRP minus uh 1.03 million in Ethereum and Bitcoin is down 36.29 million whereas XRP guys up 9.47 million. So um there are certain chains that investors are really eyeing.

[00:11:52]XRP even Solana has a has a surplus 5.94 million. That speaks volumes I think in terms of the broader picture where uh you know investors are ultimately seeing value in cryptocurrencies. You know you have all these cryptos only a handful are going to do really well. You you can pick any you can invest in any one of these but it's really going to be about utility down the road which cryptocurrencies are going to prove themselves uh for the next generation of finance. So you know we take clues from where we see them. from Ralph Conaman also commenting on Axion coming through with a unique prediction market that pays in XRP. So, this is unique. There's a reason why the Axiom protocol has been so quiet. After a public beta launch earlier this year, we took a step back and had a very honest look at what was working, what wasn't, and what Axiom needed to become if we wanted to build the best prediction market possible for the XRP community. So, Axiom, a prediction market, guys, where you can be paid and pay in XRP. So, what's changed here? Just going to give you guys uh a bit of a highlight here. So, we've built an entire hybrid off onchain clo on the XRPL EVM side chain that will power all Axiom markets going forward.

[00:13:00]This means users will be able to enter and exit the markets as many times as they want uh throughout the lifespan of the market while it's also setting limit orders at the exact prices they want to buy or sell. We've also restructured our market focus around markets that other predict uh other prediction markets simply don't offer especially across the XRP XRPL ripple and broader XRP community ecosystem. So looking at certain coins here XRP RLUSD fuzzy and army coin uh we've also built the Axiom point system. So XRP incentives are generated through every transaction made in Axiom markets rather than only taking a portion from the final pool. So, uh, if that is something you guys are interested in, I don't think I have a link here, but, um, you can look up Axiom, the Axiom protocol. This is basically a new generation of prediction markets where you can actually use your XRP to participate. So, thought that was pretty cool. Wanted to thank the Wrath of Conaman for that. Um, as I say though, investors really eyeing the platforms that are going to change the face of finance and RWA are playing a large role in this. Ripple X just came out with this tweet. In less than a year, XRP ledger has climbed from the top 10 to number four for RWA for the league table here, making it one of the fastest growing RWA ecosystems in the space. Today, the XRP ledger is home to a growing range of tokenized financial assets on chain, excuse me, from US treasuries and market uh money market funds to commercial paper, structured credit, and more. On top of which, guys, we're getting statistics like this with regards to RWAS. XRP ledger sitting at 1.0 billion in tokenized RWAS. Ethereum dominates the headlines, but guys, the XRPL is quietly building the foundation for real world finance on chain. The institutions already found their chain and retail crowd. The retail crowd just hasn't caught up yet. So, um, you know, we have the XRP ledger 1.0 billion. It's not the largest by any means, but it is growing slowly but surely. Ethereum is taking up 15.7 billion. We got B&B chain at 4 billion. So, uh, you know, it it's it's a percentage of all networks. we are going to see you know all boats are going to rise obviously with uh more real world adoption because of clarity and uh you know some of these numbers might switch around at the end of the day though it's going to be about uh you know which cryptocurrencies do solve problems and uh you know which cryptocurrencies are do have longevity I mean Ethereum has been criticized over the years um however it is still holding up to a degree Ethereum has uh well it does have popularity there are effective use cases on the Ethereum network um we did see Ethereum match its all-time high when Bitcoin saw its all-time high. So, you know, uh another crypto and it's the number two by uh by market cap as of today. So, you know, there there's going to be a lot of reasons factors why uh investors invest in cryptocurrencies.

[00:15:39]Ethereum right now taking up the lion share of RWAs on all tokenized value networks. But what I really found interesting and uh bank XRP putting the pieces together, Wall Street's plumbing is going digital. Now, this was uh just a recent news clip of Christian Carlo.

[00:15:54]Okay, he confirms DTCC's shift from legacy systems to a tokenized network and why this is important. Well, it's because what David Schwarz said about DTCC and the XRP integration a while ago. First, I'm going to play you guys this clip. Listen to this. Yeah. And I mean, this tokenization story is is moving fast. Just today, DTCC, the core Wall Street clearing and settlement utility that processes more than hundred trillion dollars in security transactions annually, is reportedly targeting a July pilot and an October launch for a tokenized security platform. I mean, this is not a crypto startup. This is a core market plumbing here that we're talking about. But does that mean tokenization has officially moved from theory to infrastructure?

[00:16:36]>> It it does, Jeremy. You know, your audience may not be familiar with DTCC.

[00:16:40]It stands for the Depository Trust Clearing Corporation, but it's effectively the they run the plumbing of Wall Street. You buy and sell securities and not just equity securities, but debt securities, government treasuries. All of the underlying movement of that, the storage, the the the the value, the collateralization of that is operated by this company DTCC, which people never hear about, but it's consortium.

[00:17:06]basically all the world's banks they assigned to this company 40 years ago the responsibility to do this and as the market has grown it's the most important piece of infrastructure uh in the world it's the con Edison you might say uh of of New York's financial system and of the global financial system and what they announced that they are moving from an analog system of recording who owns what to to who's transferring what to whom to a digital networkbased system. I mean, it it's it's it is it's truly one of those remarkable um uh statements that that not not enough people are paying attention to, but it really marks that we're leaving the analog state of finance and moving into the new digital network state of finance. It really is a a truly watershed moment. We'll look back 10 years from now when the entire financial system is is in the form of tokenized tokens sitting on digital networks and realize that what the DTCC is doing is really the beginning of that. And by the way, they wouldn't be doing this without the wholesale support of the global financial system who are their shareholders and directors. So this is not just a one-off. This is the system itself moving to the next phase of financial architecture. the next phase of financial architecture. So, you know, you take this clip into context uh in May of 2026. Well, guys, look at what David Schwarz tweeted back in March.

[00:18:33]Okay, so uh Bank XRP had to retweet this tweet, of course, from March 2026. The integration of Ripple and Hidden Road continues to scale. The latest DTCC notice shows that Hidden Road officially is going live on the NSCC directory March the second. And David Schwarz did uh did tweet this out back in March.

[00:18:51]Seems important. Now we have Chris Young Carlo talking about this actual shift from DTCC, not to mention uh you know all the other news that we've been getting from DTCC over the last couple of months. Uh I'll see if I can find a recent video and I'll link it up here in the top right hand corner. So you know David Schwarz definitely on board uh understanding how important Ripple's role is in terms of uh DTCC integration and the tokenization of everything.

[00:19:14]Guys, it's going to be a wild ride once we do see true utility, real utility at scale. We're just not seeing it yet. So, Mino, to answer your question, we're getting there. I'm hoping sooner rather than later. In the meantime, you guys can always follow me at patreon.com/workingmoney channel. I'm really working to pump my portfolio. Really looking to invest in the best cryptocurrencies. Yeah, and XRP is probably going to make up the lion share of my portfolio this time around.

[00:19:39]But it's not just XRP. I'm really looking to maximize profits. Follow me.

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[00:20:01]That's just my opinion. I want to hear what you guys think. Please subscribe to the channel if you haven't already. Like the video if you like the content I'm providing. I always love hearing your comments. See you in the next one, guys.