Vincent Van Code, a prominent voice in the XRP community, recently published a tweet thread that systematically dismantles seven of the most persistent criticisms against XRP. The thread has sparked renewed discussion about the token’s fundamental value, especially at a time when XRP price action remains under pressure in a bear market.
The seven myths and Vincent’s counterpoints:
1. Stablecoins will negate the need for XRP. Vincent argues the opposite: more stablecoins create more trading pairs, increasing fragmentation. XRP acts as a neutral bridge asset, reducing 10 stablecoins from 100 pairs to just 10, solidifying its utility in cross-asset settlement.
2. XRP will be replaced by HBAR or Chainlink. Unlike HBAR and Chainlink, XRP is a liquidity token designed specifically for cross-border and cross-asset settlement. Its function as a bridge asset is unique and not directly rivals by oracle or other layer‑1 chains.
3. The XRP Ledger (XRPL) is unpopular among institutions. Vincent contends that XRPL was built from day one with features institutions require for regulated settlement: native compliance, clawback capabilities, AMMs, liquidity pools, and permissioned domains. Other chains are only now trying to add these features.
4. Ripple is “rugging” XRP holders. This is refuted by Ripple’s scale and regulatory standing. The company is valued at $50 billion, employs thousands, holds a banking charter, money transmitter licenses, and MiCA approval, while also acquiring four other businesses—none of which aligns with a rug pull.
5. Ripple’s valuation is solely due to its XRP escrow. Vincent points out that Ripple’s voluntary disclosures explicitly exclude the escrow from its balance sheet. The valuation is derived from real business revenues and operations, not the escrowed tokens.
6. Escrow releases monthly dump on the market. Ripple sells only a fraction of escrowed XRP, and those sales occur exclusively via OTC and wholesale channels to institutions—never on public order books. This managed distribution does not create retail selling pressure.
7. Vincent Van Code is just trying to pump his own bags. He acknowledges that his 50,000‑follower platform cannot meaningfully move the price; his goal is to present verifiable facts, not to engineer a rally.
While Vincent’s long‑term thesis is compelling, the immediate market conditions remain hostile. Bitcoin trades below $64,000, altcoins are bleeding, and XRP is trapped between $1.08 and $1.17 with some analysts predicting a further drop to $0.87. The author of the original article notes he is not buying XRP at these levels, but admits the fundamentals Vincent outlines merit serious attention for long‑term investors.
