A prominent member of the XRP community and blockchain analyst, Crypto Eri, has weighed in on why, contrary to some public opinions, Ripple cannot control its native token XRP’s price.
XRP “Decentralized” Nature Makes Price Set Impossible
In a tweet shared on her X (formerly Twitter) platform, Crypto Eri stated, “Decentralized crypto-assets like XRP cannot be price set.” Instead, XRP’s price is determined by supply & demand dynamics in the global open market, sometimes with Influence factors like trading, sentiment, adoption, news & liquidity.”
XRP is the native token of the Ripple ecosystem, and for some time now, some crypto community members have asserted that the crypto company can control the price of the XRP.
However, the pro-XRP blockchain analyst has put out this tweet to debunk this belief. She further mentioned that the “deceptive false price hype” has “unfortunately reached unprecedented levels.
For one, Crypto Eri noted that the XRP token i
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