Uphold CEO says 1.5 billion XRP investment shows trust rather than hype – market focus on $5-8 gains

Uphold CEO Simon McLoughlin clarified that the 1.5 billion XRP held by the company belongs to customers, which reflects the trust of customers rather than corporate speculation. He stressed that Uphold's decision to maintain XRP's trading and custody during market turmoil has highlighted its image as a reliable partner. Meanwhile, analyst XRPunkie pointed out that XRP has been consolidating for 280 days, forming a bullish inverted head and shoulders pattern that may trigger XRP to break through the 5-8 USD mark with $3.10 as the key resistance level.