So, I was scrolling through my social media feed (because, let’s be real, that’s what we all do when we’re supposed to be working 🤫) and I stumbled upon a post from David Schwartz, the CTO of Ripple. He was talking about the price of XRP and how it doesn’t always reflect its “true value” or utility. I mean, who hasn’t been there, right? 😂
The Price is Right (or is it?)
Apparently, XRP recently hit $3 again for the first time since February 1, and people are freaking out. But Schwartz is all like, “Hey, let’s not get too excited about the price.” He thinks it’s hard to judge how much focus should be placed on price, since it’s not always consistent with the underlying progress of the technology. Fair point, I guess.
Schwartz also mentioned that XRP’s use cases go beyond the XRP Ledger (XRPL), which is like saying that Bitcoin is more than just a cryptocurrency (mind blown, right? 🤯). He used the example of the Ethereum Virtual Machine (EVM) sidechain, where XRP is being used as a currency, even though it’s not directly tied to XRPL transactions. Yeah, because that’s not confusing at all 🙄.
“A good analogy is XRP being used as a currency on the EVM sidechain. It’s not a direct use of XRP on XRPL, but it’s still part of the utility and value of XRP as a currency,” Schwartz said. Okay, got it. I think 🤔.
So, What Does This Mean for XRP?
Basically, Schwartz is saying that XRP’s value isn’t just tied to its native blockchain. It’s like how Bitcoin has value across different exchanges and layer-2 solutions. So, even if XRP’s price doesn’t reflect its “true value” right now, its utility and adoption across different platforms are what really matter in the long term.
And let’s be real, if XRP and the XRPL are fully adopted by banks, that’s when the real magic happens ✨. Central banks are already dipping their toes in, so we’ll see what happens next.
At the time of writing, XRP is trading at $2.96, up by 2.2% in the past 24 hours. But let’s not get too excited about the price, remember? 😉
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2025-07-17 05:43