Forbes Criticizes Ripple’s XRP as "Zombie Project"

Rachana Saha

Crypto News: Forbes slams XRP and Ripple Labs as "zombie projects," questioning their future despite a minor price uptick for XRP.

Ripple aims to transform finance, raising US$1.4 billion and issuing 100 billion XRP tokens to replace SWIFT.

Ripple's limited progress, mainly pilot programs with few banks, earns it the label "crypto zombie" by Forbes.

Despite a US$36 billion market cap, XRP's lack of utility is criticized by Forbes as driven by speculation.

XRP remains in the STOXX Digital Asset Blue Chip Index, indicating debate over its future amid price recovery and index inclusion.