There is a theory in the XRP community that the coin may have been traded at a level far above current market prices in the books of private institutions. This idea re-emerged in community discussions, pointing to occasional price anomalies that have occurred over the years in exchange data, including a brief display in June 2022 of an XRP price of $1,000. Proponents believe that these are not errors, but are private tests conducted by institutions prior to public price discovery.

Theoretical basis

The doctrine is based on comments made by Bob Way, a former Ripple employee, in 2019, who described how XRP could act as a neutral bridge asset linking more than 180 statutory currencies and gold, silver and other digital assets. Proponents argue that, in order for XRP to play this role in global cross-border settlements, prices would need to be much higher than current levels in order to provide sufficient liquidity without the need to use large amounts of tokens in each transaction.

Market comparison

This speculation was further enhanced by the comparison between the XRP books and the Etheraf's actual asset indicators. Proponents cited data showing that the XRP books had reached the first 400 million real world assets in 15 months, while it took 36 months for the Easter. In addition, the recent 90-day inflow of XRP books reached $1.9 billion, compared with $1.6 billion in the fare. The supply of RLSD in the XRP account book is also slightly greater than the equivalent of the ETA.

Transaction dynamics

Standard Chartered recently disposed of a cross-border remittance to India in 37 seconds, and Westpac helped to complete the transaction, providing another data point to observe the expansion of Ripple ' s global payment corridor.

It is to be noted that there is currently no validated evidence that XRP conducts private transactions at any price other than the market price of its public offer. The doctrine is still speculative and has not yet been confirmed. However, it continues to receive attention among long-standing holders who believe that current market prices significantly underestimate the final role of the currency in the global financial infrastructure.