In the last post on the Social Media Platform X, Ripple Director David Schwartz, he borrowed his voice in discussions about the price of XRP and its true value. Based on his comments, Ripple cto insinuate The fact that XRP price movements often do not comply with its “real value” or usability. His comments appeared as part of a larger thread reacting to the last break Ethereum above $ 3,000 and questions about XRP Re -touching the price level $ 3.
Ripple Cto emphasizes the disconnection of prices and usability
The last XRP price campaign again for July 3 from February 1 for the first time from February 1. This fell from an engaging augment in prices, in which XRP increased by about 25% in a brief time. Among these price movements. Cto Ripple, David Schwartz, answered the user’s question on the social media platform x His views XRP reached $ 3 again, expressing mixed feelings about focusing on the price.
Schwartz said he always feels Good when prices are rising, But it is tough to assess the appropriate price, which should be placed on the price, taking into account how inconsistent it is with basic progress and it seems that it does not correlate with other good things, such as solving problems with the real world. He continued, noting that this disconnection was not necessarily hard-wearing, but in a brief period he was very noticeable.
In order to explain how the cases of using XRP go beyond the book XRP (XRPL), Schwartz compared how Bitcoin works outside its native blockchain. Ripple CTO indicated the virtual virtual machine Ethereum (EVM) XRP XRP is used as Currency, although it is not directly related to XRPL transactions in this environment. According to him, this indirect employ still significantly contributes to the usability of the token.
“A good analogy is that XRP is used as a currency on Sidechain EVM. This is not the direct use of XRP on XRPL, but it is still part of the usability and value of XRP as currency”, “,” Schwartz said.
What does this mean for XRP?
Basically, David Schwartz drew attention to the fact that generating XRP is not circumscribed to the place where it is hosted. This is very similar to how Bitcoin derive functional value in centralized exchanges, wrapped versions and other layer solutions. Therefore, XRP Application outside the book XRP It is still a significant measure of its utility, even if it does not currently reflect the market price.
Although many XRP investors are currently associated Low -term milestonesSchwartz’s comments indicate the employ of the real world and the cross adoption as better indicators XRP’s “real value” in the long term. As for the real value, the best true value can occur if XRP and XRPL are fully accepted by banks. Interestingly, central banks They are already knocking.
At the time of writing, XRP trades $ 2.96, which is an augment of 2.2% in the last 24 hours.
A distinguished picture from Getty Images, chart from TradingView.com
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