Schwartz Sees Higher XRP Valuations as Ripple Expands Across 37 Banks

CryptoNews reports that Ripple has expanded its footprint among 37 European banks while XRP trades under pressure. Within that account, Schwartz sees the broader institutional presence as supporting a case for higher XRP valuations, linking the network’s growth with its market value. The report does not identify the banks or explain the products, partnerships or transactions involved. It therefore establishes a headline expansion in Ripple’s European banking presence, but provides limited detail on the mechanism connecting that expansion to demand for XRP or the token’s network activity. CryptoNews is the only outlet supplied to cover the story, so its account of the 37-bank footprint and Schwartz’s valuation view has no independent outlet corroboration here. No competing figure or framing appears in the available coverage, although the lack of additional reporting leaves the operational details unconfirmed by other sources. Live market conditions show XRP at $1.055, down 4.21% over 24 hours and 17.48% over seven days, with a market capitalization of $67.01 billion. The broader crypto market is broadly lower, with total capitalization at $2.51T, Bitcoin down 2.00% over 24 hours, and the Fear & Greed index at 32. The next points to watch are XRP’s ability to recover from its weekly decline and further disclosure about the scope and nature of Ripple’s European bank adoption.