Exchange Ranking
Top Exchanges
24h Volume Ranking
Popularity Ranking
Exchange BTC Balance
Proof of Reserves
Decentralized Exchanges
Funding Rate
Funding Heatmap
Liquidation Data
Max Pain
Long/Short Ratio
Whale L/S Ratio
Binance/Okex/Huobi L/S
Bitfinex Margin L/S
ETF Tracker
Solana ETF
XRP ETF
Hong Kong ETF
Bitcoin Treasuries
Crypto Reversal
Ethereum Reserves
HyperLiquid Wallet Analysis
Hyperliquid Whale Watch
Large Transactions
On-chain Movement
Bitcoin ROI
Stablecoin Market Cap
Options Analysis
News
Articles
Economic Calendar
Features
Wallet
Contract Calculator
Security
Collections
Watchlist
Following
XRP XRP's value cornerstone: Beyond price charts and hype
The value of XRP may not depend solely on price charts and market hype. Ripple CEO Brad Garlinghouse provides a more macro perspective on the multiple forces shaping the long-term value of the token, with a special emphasis on the key role played by practicality, demand and liquidity in the real world.
These remarks stem from a recent appearance by Garlinghouse at a Faena Rose event. He participated in a discussion session titled "The Transformative Power of Cryptographic Assets" and expressed his views on the above topics.
Legal clarity and supply and demand
During the discussion, Garlinghouse was asked to explain the connection between the value of XRP and the activities of XRP Ledger (XRPL), and explain why he believed XRP did not fall into the category of securities.
Ripple's CEO cited U.S. District Judge Analisa Torres's landmark ruling in 2023 in a legal dispute between the company and the U.S. Securities and Exchange Commission. Garlinghouse pointed out that the court's decision provided solid support for its views on the regulatory status of XRP.
"I can convince you that it is not a security because a federal judge has ruled that it is not a security." Garlinghouse asserted.
He also gave a straightforward explanation of the fundamental factor driving XRP prices: supply and demand. According to Ripple's CEO, the value of any digital asset ultimately reflects the balance between the intensity of market participants 'demand for it and the volume of supply. For XRP, he pointed out that the supply of the token is fixed, which means changes in demand will play an important role in determining its market value.
Ripple's Strategic Polaris
Garlinghouse said that Ripple is committed to strengthening XRP's position on three levels, and higher trust, broader application scenarios and deeper liquidity form the core of its strategy.
"At Ripple, we see XRP as our 'North Star.'" He commented,"We hope to increase the market's trust in XRP, enhance its effectiveness, and increase its circulation speed, that is, liquidity."
According to Garlinghouse, liquidity is important because easy-to-buy assets are more practical to institutions and other market participants. He added that expanding the scope of XRP's application in payments and financial services could encourage more institutions to use it, potentially increasing demand for the token.
"If there were more institutions driving more transactions and the token was more practical, people would want to hold it." Garlinghouse speculated.
Ripple负责人还强调，在金融压力时期，流动性是一个关键的考量因素。当一种资产无法快速买入或卖出时，投资者可能会因为担心其转换为其他资产的难易程度而不愿持有该资产。
Garlinghouse还突出了Ripple对更广泛XRP生态系统的财务承诺。据这位首席执行官称，Ripple已向生态系统内的公司投入超过10亿美元的资金，这反映了该公司推动代币实际应用场景扩展的决心。
他的更广泛的论点是，随着围绕XRP构建的支付及其他应用不断增长，网络活动将与对该代币的需求同步增加。换句话说，Garlinghouse认为，不能简单地通过计算账本上的交易量来衡量XRP的价值。银行、金融机构和企业的更多采用将为XRP创造额外需求，同时使深厚且可靠的流动性变得日益重要。
