Can Ripple Control XRP’s Price?
Crypto Eri, a prominent member of the XRP community and a blockchain analyst, recently addressed the misconception that Ripple can control the price of its native token, XRP.
Crypto Eri, a prominent member of the XRP community and a blockchain analyst, recently addressed the misconception that Ripple can control the price of its native token, XRP.
She emphasized the decentralized nature of XRP, stating that decentralized cryptocurrencies like XRP cannot be artificially manipulated in terms of price. Instead, XRP’s value is determined by market dynamics, including supply and demand, trading activity, sentiment, adoption, news, and liquidity.
XRP serves as the native token for the Ripple ecosystem, and there has been ongoing speculation within the crypto community about Ripple’s influence over its price. However, Crypto Eri firmly debunked this belief in a tweet and expressed concern about the growing prevalence of unfounded price hype surrounding XRP.
Crypto Eri stressed that XRP’s decentralization means Ripple has no control over its price, as it is driven by supply and demand dynamics. Price discovery, shaped by the interactions of buyers and sellers, plays a vital role in establishing an asset’s fair market value.
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Some users speculated about Ripple artificially setting XRP’s price, drawing parallels to entities like OPEC influencing oil prices. They suggested that powerful entities or “deep pockets” could potentially manipulate the price.
Crypto Eri acknowledged past attempts at artificial price setting but emphasized the role of arbitrageurs in the crypto market, who work to balance and eliminate price disparities.
Alexander Stefanov
Reporter at CoinsPress
Alex is Editor-in-Chief of Coinspress and co-founder of Millennial Media Group, with nearly a decade of experience covering financial markets - crypto first, then everything else. It started in 2016 with Bitcoin. Like most people at the time, he didn't fully understand it - so he kept digging. Blockchain, tokenomics, the projects, the cycles. That curiosity never stopped, and eventually pulled him into traditional markets too: equities, commodities, macro. Not because he left crypto behind, but because you can't properly understand one without the other. What drives him is straightforward: he wants to know why something is happening, not just that it's happening. Most market coverage stops at the headline - price up, price down, here's a chart. Alex finds that kind of reporting actively unhelpful. If you walk away from an article without understanding the mechanism behind the move, what did you actually learn? He holds a degree in Tourism from New Bulgarian University - not the most obvious path into financial markets, but markets have a way of pulling in people who are simply too curious to stay out. He has authored over 200 in-depth analyses and more than 10,000 articles across crypto and traditional finance. He still thinks every day in markets teaches him something new. That's probably why he hasn't stopped.
