Former Ripple (XRP) Executive Stated: “There Are Misunderstandings in Using XRP!”

of Ripple former director of developer relations Matt Hamilton, XRPIt cleared up a number of misunderstandings regarding the use of .

Former Ripple Executive Explains How XRP Is Actually Used

One of Hamilton’s followers claims that XRP is being used by RippleNet cryptocurrency created misunderstandings about the pricing of the unit. Hamilton then replied to his follower.

The crypto developer first of all explained that XRP is not used on RippleNet. XRP use case is XRP Ledger and RippleNet is a completely separate network.

no. XRP is used on the XRP Ledger. RippleNet is an entirely different network.

— Matt Hamilton (@HammerToe) February 4, 2023

However, while there is no direct use of XRP via RippleNet, there is an indirect route through liquidity-on-demand (ODL), which transfers the cryptocurrency via XRPL.

The developer says that if XRP transfers were made directly over RippleNet, its price would indeed be subject to fluctuations as there is supply and demand.

However, there is no such thing, nor is there a public and private price for XRP; XRP is the price of cryptocurrency on Ripple networks, according to what is already misunderstood.

There is no private or public quote for XRP.

However, even though XRP is up 20% year-to-date, it’s still lower than the rest of the top cryptocurrencies.

A more positive scenario is more likely as long as XRP price stays above $0.38. However, it is clear that the ongoing legal investigation into Ripple has so far deterred investors and prevented the price from realizing its full potential.

*Not investment advice.