Cardano's Charles Hoskinson Says $100 Billion XRP Could Flood Into DeFi

Core Insights - XRP is gaining attention due to its potential in decentralized finance (DeFi), with Charles Hoskinson estimating nearly $100 billion of idle XRP could soon enter yield-bearing ecosystems [1][2][12] - Reliance Global Group has added XRP to its corporate digital asset treasury, indicating institutional interest in XRP as part of a diversified blockchain strategy [4][5][6] Group 1: DeFi Potential - Hoskinson highlighted that the XRP community has approximately $100 billion of yield-free XRP, which could be transformed into a significant source of DeFi liquidity with regulatory clarity and real-world asset integration [2][12] - The integration of XRP with other assets like Bitcoin and ADA could potentially generate $10–15 billion in total value locked (TVL) and increase transaction volume [3][12] - The narrative around XRP is shifting from being primarily a transactional token to a potential structural pillar of DeFi [12][14] Group 2: Institutional Adoption - Reliance Global confirmed the purchase of XRP as part of its Digital Asset Treasury strategy, which also includes Bitcoin, Ethereum, and Cardano [4][5] - The company cited XRP's efficiency as a reason for its inclusion, viewing it as a measured step towards diversified blockchain exposure [5][6] - CEO Ezra Beyman emphasized the goal of building a balanced digital portfolio that reflects innovation and long-term shareholder value [6] Group 3: Technical Analysis - XRP is currently trading near $2.91, consolidating within a symmetrical triangle formation, with resistance at $2.93 and immediate support at $2.85 [9][10] - A daily close above $2.93 could lead to a price increase towards $3.07, while failure to maintain support may result in a decline to $2.64 [11]