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X plans to add crypto trade buttons to Cashtags, potentially connecting social discovery directly with trading.
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Nikita Bier linked the renewed bull-market momentum to US Treasury bond buybacks and dollar debasement.
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XRP dropped by 6.2% to around $1.38 but remained up 35.55% over seven days.
X head of product Nikita Bier has revealed that trade buttons are coming to the social platform’s crypto-focused Cashtags feature, fueling speculation that X could become a major gateway for digital-asset trading.
The disclosure came after crypto trader Pattch joked that the bull market could begin because Bier was no longer “shadow banning” Crypto Twitter.
Bier rejected the claim, pointing to the crypto tools introduced since he joined X.
“I literally built Cashtags, allowing people to add Solana and Ethereum charts directly into posts, with trade buttons coming soon,” Bier wrote. He added that users can paste contract addresses for newly issued tokens directly into posts.
Bier linked the improving market environment to the <a href="https://www.ccn.com/news/crypto/arthur-hayes-bitcoin-bull-run-treasury-buybacks/” rel=”nofollow noopener” target=”_blank”>US Treasury’s expanded bond buyback program, arguing that it was weakening the dollar and helping to start a new bull market.
X Trade Buttons Could Transform Crypto Discovery
Cashtags already allow users to display market charts inside posts, but integrated trade buttons would move X closer to bridging social-media discovery with transaction execution.
The feature could prove particularly significant for assets such as XRP, which have large and active communities on the platform.
A smoother route from reading a post to placing a trade could increase retail participation during periods of heightened speculation.
However, Bier did not provide a launch date, list supported assets, or explain whether transactions would occur through X itself or external trading providers. His comments, therefore, do not confirm that XRP will receive direct support.
They also provide no fundamental basis for bullish forecasts placing XRP at $20. Reaching that level would require a dramatic expansion in XRP’s market capitalization, making it a highly speculative target despite the renewed market optimism.
XRP Rally Meets Its First Major Test
XRP fell by 6.2% over 24 hours to approximately $1.38, recording the steepest decline among the ten largest cryptocurrencies by market capitalization.
Despite the correction, XRP remained 36% higher over seven days following its surge from around $1.00 on Aug. 18 to nearly $1.70 four days later.
The rapid advance left the market vulnerable to profit-taking and a derivatives-driven unwind when Bitcoin retreated from above $80,000.
Source: finance.yahoo.com