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XRP Army Letter, Lending Protocol Votes & ETF Outflows
Audio is available on Spreaker — see link below.
The XRP community sends Ripple CEO Brad Garlinghouse an open letter demanding clarity on how the company's $16T in transaction volume benefits XRP holders. Plus: the XRPL lending protocol inches toward activation, ETF outflows pressure price, and why the XRPN stock drop had nothing to do with XRP.
Audio is available on Spreaker — see link below.
The XRP community has sent Ripple's CEO a public open letter, and it's worth taking seriously. The letter asks a question that's been building for a while: how exactly does Ripple's growth translate into value for XRP holders?
While that conversation plays out, the XRP Ledger is quietly building something significant. The lending protocol amendment is creeping toward activation.
There's also been some noise this week about a testnet reset scheduled for November twenty-fifth. Here's the important distinction: this affects only the Testnet and Devnet environments used by developers for testing.
On the price side, US spot XRP ETFs have seen outflows running at roughly ten to eighteen million dollars over recent days, and those fund flows are the primary driver of near-term price movement right now. XRP is trading around one dollar and four cents, which puts it under pressure alongside a broader crypto market that's been soft.
One story that caused some confusion this week: a stock called XRPN, issued by a company called Evernorth, dropped sharply after a resale filing by early investors. That decline had nothing to do with XRP the token.
The real watchpoint right now is whether Ripple responds publicly to the community letter. That response, or the absence of one, will tell us a lot about how the company views its relationship with token holders going forward.
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