Garlinghouse Unpacks What Really Drives XRP's Value
Ripple CEO Brad Garlinghouse has shed light on what drives the value of XRP, highlighting factors beyond market hype and price charts.
In a discussion at Faena Rose, Garlinghouse explained that XRP's value is influenced by real-world utility, demand, and liquidity. He pointed to U.S. District Judge Analisa Torres' 2023 ruling in the company's legal battle with the SEC, stating 'I can convince you it's non-security because a federal judge said it's a non-security.'
The Ripple CEO emphasized that supply and demand are key drivers of XRP's price, with the token's fixed supply making changes in demand more significant. He noted that increasing trust, expanding use cases, and deepening liquidity are central to Ripple's strategy for strengthening XRP.
Garlinghouse highlighted liquidity as crucial during times of financial stress, stating 'If I'm getting more institutions driving more transactions, and it's more useful, people are going to want to hold it.'