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A new discussion has emerged among $XRP community figures about Ripple’s ultimate mission, whether it has always been centered on the price of $XRP.
In a tweet, software engineer Vincent Van Code argued that the company’s long-term play has always been about the $XRP Ledger (XRPL) and $XRP itself. In his view, the goal isn’t stablecoins or cross-border payments but rather building global on-chain liquidity through the XRPL.
“It’s Always Been About $XRP Price”
Responding to Van Code, $XRP influencer Digital Asset Investor echoed a sentiment long held by many in the community. He claimed Ripple’s entire business model depends on the eventual growth of $XRP’s price.
In perspective, with $XRP currently trading at $2.40, every $1 increase in price would add approximately $40 billion to Ripple’s balance sheet. This underscores the strong alignment between Ripple’s success and $XRP’s market performance.
Divided Opinions on Ripple’s Execution
Meanwhile, not all community members agree with the “$XRP-first” theory. A prominent X user, Fishy Catfish, criticized Ripple’s strategic choices, claiming that the company’s decision to issue 90% of $RLUSD on Ethereum shows a lack of confidence in the XRPL.
Notably, $RLUSD has a total supply approaching 900 million. According to CryptoQuant data, only 92.5 million $RLUSD is on the XRPL, while the overwhelming majority resides on Ethereum.
“Not even Ripple wants to use $XRP or XRPL,” Fishy Catfish wrote, calling XRPL “an obsolete, irrelevant ghost chain.”
Another user, Crypto School, pointed out that Ripple’s cross-border focus has always involved using $XRP as a bridge asset over the past 13 years — and questioned whether the company might now be pursuing something different, as Van Code hinted.
Ripple’s Quiet $XRP-Driven Endgame
Despite differing opinions, analysts note that Ripple’s ongoing partnerships with institutions such as Evernorth, GTreasury, and SBI Holdings demonstrate its commitment to expanding real-world $XRP use cases.
Additionally, the firm is backing ongoing efforts to establish the largest public $XRP treasury, aiming to adopt MicroStrategy’s Bitcoin accumulation playbook to drive future price appreciation.
Essentially, Ripple’s silence on $XRP price discussions doesn’t negate its reliance on the asset’s success. Rather, it reflects a strategic necessity to avoid regulatory scrutiny.
As Ripple continues to build institutional liquidity rails and integrate the XRPL into global finance, many in the $XRP community believe the writing is on the wall that the endgame is about $XRP’s value.