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A popular online crypto analyst has issued a blunt warning to XRP holders, arguing that Ripple Labs is strengthening while XRP holders have not captured a corresponding share of that value. In a recent video, the analyst said Ripple’s business fundamentals and valuation have risen, but the token’s performance has lagged and may continue to do so under the current incentive structure.
The analyst pointed to Ripple’s growing scale, saying the company is now worth around $50 billion. They also cited that Ripple recently spent roughly $750 million buying back its own shares, arguing that the capital benefits Ripple’s equity investors rather than XRP holders.
“You holding XRP? Well you get nothing from that buyback,” the commentator said, framing the buyback as a direct value transfer to shareholders instead of token holders.
According to the analyst, Ripple’s technology stack is seeing real-world traction. They referenced Deutsche Bank using Ripple technology and said Mastercard has routed transactions through Ripple infrastructure. The analyst also cited more than $100 billion in total transactions processed on Ripple-related rails as evidence of strong operational momentum.
Despite this, the analyst said XRP’s market performance has diverged sharply from Ripple’s progress. They noted XRP has fallen from a peak of about $3.65 to “under $2” and described the token as being “down massively this year,” even as Ripple’s institutional relationships expand.
The core of the critique is structural. The analyst argued that banks and institutions can use Ripple’s payment and settlement infrastructure without holding XRP. Instead, they can settle using RLUSD, a Ripple-linked stablecoin, which the analyst said provides price stability that XRP does not.
“If you’re a bank treasurer, you prefer certainty,” the host said, adding that XRP’s double-digit intraday price swings make it less suitable for institutional treasury needs. They argued that volatile tokens tend to lose to stablecoins in institutional adoption.
The video also claimed that around 80% of RLUSD activity is on Ethereum. Under that setup, the analyst said fees, network usage, and compounding ecosystem effects accrue more to Ethereum than to XRP.
“Ripple thrives. XRP bleeds. That’s the disconnect,” the analyst concluded, urging viewers to focus on the gap between Ripple’s business success and XRP’s role in capturing value.
For crypto investors, the analyst’s takeaway was less about day-to-day price movement and more about incentive design. If major enterprises can benefit from Ripple’s rails while routing value through stablecoins and Ethereum, the long-term investment case for XRP may depend on whether the “disconnect” can close—or whether the token remains structurally sidelined in the system it helped popularize.
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