Ripple CTO Says XRP Price Doesnt Correlate With True Value What This Means

Ripple's Chief Technology Officer, David Schwartz, commented on the price of XRP, suggesting that its market price doesn't always reflect its actual value or usefulness. He noted that while price increases are welcome, he's hesitant to focus too much on the price because it often doesn't align with the progress being made or its ability to solve real-world problems. Schwartz highlighted that XRP is being used in various ways, including on the Ethereum Virtual Machine (EVM) sidechain, which contributes to its overall utility even if it's not directly tied to the XRP Ledger. He sees real-world usage and adoption across different blockchains as key indicators of XRP's long-term value, particularly potential adoption by banks. As of the time of the article's writing, XRP was trading at $2.96, up 2.2% in the last 24 hours.