Crypto
Ripple CEO says institutional demand and liquidity matter more than XRP transaction count
Ripple CEO Brad Garlinghouse said demand and supply, real-world use and liquidity are key drivers of XRP’s value, and that the token’s price is influenced more by institutional demand and market liquidity than by network transaction counts. He cited a 2023 U.S. federal judge’s ruling to reiterate XRP is not a security. Garlinghouse said Ripple has invested more than $1 billion in companies tied to the XRP ecosystem.
