Ripple XRP: Is 16B XRP Enough + Where Is Bearableguy123?

Added: 2026-05-05

[00:00:03]Hey guys and welcome to the Working Money channel. This video includes paid promotion. All right, we've got Ted Pillows here with I think well the poll that I think everybody needs to see. 637 votes so far with uh 18 hours left. Is the bottom in yet? Who thinks the bottom is in? Do you think yes? Do you think no? I think all of you guys probably know where I stand. Uh no. All right, we've got about 33% saying yes and 66% saying no. So, uh why haven't more of you guys signed up for the Patreon?

[00:00:35]We've got Bitcoin moving up to uh $78,000 per coin. I mean, it keeps testing these levels here. We are just waiting. We are just kind of waiting with baited breath. We are waiting for uh another big move to occur. Of course, uh this is still a significant level of resistance for Bitcoin. old support has become new resistance. Now, as Bitcoin did dip down into these levels late last year, this is becoming the new level of resistance. If Bitcoin can get up past that with conviction, well, then maybe the bottom would have been in, but uh you know, there's so many factors involved uh to suggest that the bottom is not in yet. Low volume. When we take a look at the Bitcoin chart, this is the daily chart. Just going to remove some of that for now. And when we take a look at uh trend changes, guys, it's uh well, it's kind of hard when I've zoomed out, but when you zoom into this and you uh take a look at uh directional change, you'll notice the high volume bars in green occur when we're moving up and then high volume bars in red uh reappear when we are correcting heavily. So, we are not seeing any of that right now. We are seeing very very low green volume bars. This suggests to me that uh the trend is not strong enough to continue momentum to the upside. Even fear and greed has now moved down to neutral.

[00:01:50]We're at 45. Even though the market cap is up by a little bit. Uh not too much activity in the crypto space. Let's take a look at XRP, guys. XRP is at a $143 per coin. It has not been uh moving really too much. It's just been uh trading in that sideways channel.

[00:02:06]Nothing terribly interesting for the XRP cryptocurrency and uh still following Bitcoin. So, if we do in fact see another move to the downside for Bitcoin, XRP will likely follow. Just going to interrupt this video for a second. Here's a word from one of today's video sponsors. Hey guys. Okay, real quick. If you've been holding crypto for months or even years, what has it actually done for you? Most people are just waiting and watching, but smart money doesn't sit idle. It works. That's why I've partnered with Fortis X. You can put your crypto into liquidity pools, generate yield, and still hold long-term, guys. There's no lockups. You can withdraw at any time.

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[00:02:45]Forisex is now officially listed in the SEC Edgar database and registered through the NASA form D system. That level of regulatory transparency is becoming the standard in crypto. It shows real structure and long-term commitment while others wait for someday. Some holders are already quietly compounding their assets. I mean, if you're holding anyway, why not make your crypto work for you? Check out the link in the description of the video. Remember guys, investing is inherently risky. Always diversify your investments. This is not financial advice. The Bitcoin super cycle has never been wrong before. We're now entering the second phase of the bare market. So, another chart here to suggest that the bare market is still firmly in play here. Uh this is a video that uh that he just recorded on his um I guess on his computer. Uh just showing us guys where we are today. Still more to go. I mean, whether that's 20%, whether that's 15% or 10%. Chiefy here saying uh we're going down to $37,000 in just a few weeks. I mean, I got to say time frame is always one of the hardest things to predict when we're looking at uh specific moves, especially on shorter time frames. This is why uh you know, zooming out gives you a lot more accuracy in a lot of ways. Bank XRP posting this. The Clarity Act timeline still uh well seems to be on track.

[00:04:02]Representative French Hill updates mornings with Maria on the Clarity Act.

[00:04:06]He's working closely with the Senate to advance the bill with a target to move it forward by May. So that May deadline may in fact bring us some more activity in the crypto space. Pun intended there.

[00:04:15]>> Congressman, let me move on to these unresolved issues on the Clarity Act. Um we've been talking about U legislative text on the proposed uh stable coin yield compromise and it looks like this is not going to get a markup until what May?

[00:04:32]Well, I wait every day for uh white smoke to come from the Senate on this topic. I want to thank Senators Alsa Brooks and Tillis for working mightily with the crypto industry and the banking industry to reach that compromise.

[00:04:46]They've devoted weeks and weeks to it.

[00:04:48]and uh senators on both sides of the aisle led by Senator Scott, Senator Lamus, and others also have worked on the other issues uh that are important to getting this bill back to the house, such as making sure that uh the decentralized finance aspects of the bill are in good shape, too. So, we're we're here to work with them. We're here to get this to the president's desk just as soon as possible. So do you think that the new language will generally um bar yield for the stable coins um held on platforms >> or when I was brief >> because there's also an idea that stable coins can be used to make purchases and then they can pay the rewards.

[00:05:27]>> Well, uh personally when I reviewed the language I felt like it was a a possible compromise and I hope we can get it done.

[00:05:34]>> Congressman, it's good to see you this morning. Thanks for your work on digital. sounded like they were trying to wrap up that segment uh very quickly there as you guys heard the music going on. Um so I don't know what to think at this point. I feel like uh you know they're going to be dragging their heels. Some people on crypto Twitter are saying we're not going to see clarity until 2030. Um you know if this stuff doesn't get sorted sooner. Now Bank XRP with another one here. Ripple did just join 100 plus firms in a major push for clarity. Well maybe this will push it over the finish line. A unified group of more than 100 cryptocurrency companies and trade organizations just yesterday, April the 23rd, sent a formal letter to the Senate Banking Committee. The coalition is urging senators to move forward with the markup. So they don't want to wait another how many years?

[00:06:18]Four years. The group urged that the United States cannot continue to rely on government agencies alone to set policy.

[00:06:24]They noted that the current method of regulation by enforcement where the SEC and CFTC uh define rules through individual lawsuits has created a fragmented and unstable environment for American businesses. So now they're saying, "Hey politicians, this is really ruining uh or deteriorating the American economy. The Digital Asset Market Clarity Act is designed to draw a statutory line between digital commodities and investment contracts. By creating this legal distinction, the bill provides clarity on the specific oversight responsibilities for the Securities and Exchange Commission uh and the CFTC, the Commodities Futures Trading Commission. While the bill has already cleared the House of Representatives, it has faced multiple delays at the Senate level. So, this is uh I guess a push from all the crypto companies here. Steph is crypto also uh just commenting on that over 120 crypto organizations are now putting pressure on the Senate. uh and he just posted uh just a screen grab of some of those crypto companies that are involved including Sofa. I just did a recent video on that connected to Ripple. I'll link that video up there. We've got Ripple of course uh Solana Stand with Crypto, Uniswap, lots here that are name household names, Coinbase Circle, uh Chain Link, uh Chainalysis of course, Crypto.com, a big one, uh Alchemy, Ava, uh A Labs, Kraken, another big exchange there, uh and so many others. And this is just part of the list. Here is the blockchain uh association letter. I'm not going to read this for you guys, but I will link this in the description of the video. So, is Clarity dead? Do we have to wait another four years? I certainly hope not. Digital asset by posting this Charles Hoskinson's impressions on the Clarity Act.

[00:07:57]>> It wasn't wise back in 2025 to go toe-to-toe with the president of the United States about things I felt were wrong. In hindsight, I appear to be vindicated. Perhaps it's not right that they issued their own coins.

[00:08:15]They built their own projects and sculpted everything for their own benefit.

[00:08:19]And now where are we at? A resigned cryptosar no clarity act and a very difficult election season where the Democrats have already taken a position of anti- crypto much more so than Gary's days. And they're even funding documentaries like everyone's lying to you for money just to tar and feather our space and throw out the baby with the bath water. All the good we've done doesn't matter because crypto equals Trump.

[00:08:50]Took courage to step up and say you know what enough we have to move beyond a person, a philosophy, an agenda, a country and recognize this is a global movement. uh crypto equals Trump is a uh a very convenient excuse. I have a feeling that it is a lot deeper than that. I have a feeling that there's a lot more uh politics involved than that uh so to speak. So that is Charles Hoskinson's opinion. Luckily Ripple does not have to rely on the United States alone. Garin Labs is bridging everyday payments with the XRP ledger. This one courtesy of Michael Branch. So, Garin Labs is bridging everyday payments with the XRP ledger through the Gearan wallet, turning XRP into a practical tool for real world spending. Through the integration with Doppler Finance's institutional grade yield layer, the uh the focus has shifted from passive storage to active real world utility.

[00:09:39]The aim is straightforward. Make XRP and the ARUSD secure, spendable, and productive in daily transactions without compromising user controls. So, uh, uh, here's another tweet within this article with, uh, a representative from Gear and Labs explaining just that. At the core of the rollout is a simple shift that the Gearin wallet enables real world payments on the XRP ledger. Users can spend XRP and RLUSD anywhere Visa is accepted. The result is a smoother checkout experience, no delays, no back-end reconciliation lag, just crypto payments that feel as fast as and familiar as swiping a card. So, guys, there are a lot of products uh that you can use that are coming out that do solve this type of problem. Some of the key highlights here though, direct spending, seamless checkout using XRP and RLUSD at the point of sale uh just like traditional payments, institutional infrastructure, a robust sustainable yield layer uh powered by Doppler finance to support long-term utility and self-custody first. You uh users can maintain full control of their assets while still unlocking real world spending and functionality. So, uh a great option here. I don't know if uh Gearan wallet is available in the United States or if this is just Japan only.

[00:10:44]But guys, this is the way crypto is moving. Spending your stable coins. You guys know I am currently using the EtherFi card. I'll just uh throw up the link real quickly there if you guys are looking for something today. Something that works with your stable coins. It is a virtual Visa and you can start spending your crypto. Boom. Just like that. Takes a few minutes to set up. All right, going to keep moving along. Vet here posting this. I'm curious to see how fast Ripple is able to react in such cases with the RLUSD in the future. He was uh talking about this. Okay. Tether had to freeze $344 million in USDT with US authorities. So, this is the first time where we've seen this kind of intervention from a stable coin issuer freezing USDT or freezing uh any stable coin for that matter. So, stable coin giant Tether froze two wallets containing about 344 million in USDT tied to illicit activity. According to a company statement, Tether said it works with more than 340 law enforcement agencies across uh 65 countries and has supported over 2300 cases globally. The company added that this cooperation has led to the freezing of more than 4.4 billion in assets to date, including over 2.1 billion tied to US authorities.

[00:11:56]Uh so the CEO Paulo Ardorino he did say USDT is not a safe haven for illicit activity adding that the company acts when links to sanctioned entities or criminal groups are identified. He also said Tether coordinates with law enforcement to stop funds before they are transferred. So a big uh you know gives you guys some insight on uh you know I I guess it kind of brings up the CBDC and uh stablecoin issue as well.

[00:12:22]These private companies can stop your transactions, but this is the way the world is going. Of course, uh you know, maybe we want to rely on cash. Cash is king, but unfortunately for us, cash is being used less and less. So, this is now kind of the standard that I think we're all going to have to get used to.

[00:12:39]Vet here did comment though about Ripple and the RLUSD. Ripple's RLUSD on the XRP ledger has clawbacks and deep freeze flags able to follow court orders in full capacity. Typically, you first freeze because law enforcement is investigating and if ordered, you claw back and burn those tokens to unstuck them from the criminal. So, that is vets's interpretation of uh if it were to happen on the XRP ledger. Uh I mean, luckily the XRP ledger does have so many applications. Luke Judge is here uh who is an employee of Ripple by the way. He says there's a lot more to come than what we're currently seeing right now.

[00:13:12]Topn net flows. Okay. From the XRP ledger, we're already seeing 1.1 billion. And this is not even including stable coins, I'm assuming. Yeah, this is real world assets. Okay. From RWA.XYZ.

[00:13:24]On the Ethereum network, we're only seeing 879 million. Stellar is uh minting 643 and B&B chain 539 while Polygon is 60 and uh SEI is 55 million.

[00:13:36]Now guys, the XRP ledger keeps producing time and time again. More activity on the XRPL. This is very important to note because the current state of XRP on exchanges is only about 16.11 billion.

[00:13:49]Chad Steinraber bringing this up. So this is uh this isn't even in the ecosystem. These are just on cryptocurrency trading exchanges. You can see here we're looking at uh exchanges like Upbit, Binance, Bit Thumb, Uphold, uh BitBank, Coin, so on and so forth. Uh Crypto.com is there as well. Oh, Evernorth is there too. So maybe it is uh oh it says exchange up here but uh I guess uh maybe Evernorth does do have an exchange component to their business. But guys 16.11 billion that's uh just over 16% of the entire circulating supply. And don't forget some of that circulating supply is still in escrow. Jesse O here saying all that supply to sell to retail for their hopes and dreams all while time passes by and others missed opportunities are passed for real gains.

[00:14:33]Okay, your opinion Jesse Brendan here saying is this a bad sign? I thought uh there was a supply shock. This doesn't seem like one. Well, I guess it's all a matter of opinion. How much uh XRP do we actually need in the ecosystem for there to be a supply shock? 16 billion is really not a lot. I mean, when we think about how much we're going to see on the XRP ledger in the near future. I mean, we need regulation, though. We need regulation in the United States. The United States, the biggest economy in the world, we need that crypto regulation. Is it going to wait until 2030? I certainly hope not. Uh May, this is the markup date at least as of now.

[00:15:10]589 by EOY. I certainly hope so. XRP bags posting this. Where is BG123?

[00:15:19]Which one of you guys created this? This is amazing. It's like a Where's Waldo for the XRP community? He's been in the room this whole time hiding in plain sight just like everything else he ever told us. All eyes are on this image.

[00:15:31]Find him. Drop where you spotted him in the comments section. Uh, that's what XRP Bags is saying, but that's also what I'm saying. I'm going to leave this up here. Can you guys spot bearable guy?

[00:15:40]I've already found him. Tell me down in the comments what you guys think, and please subscribe to this 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.