Ripple just had its best year on record. Revenue grew from $300 million to $900 million in a single year. And the first commitment CEO Brad Garlinghouse brought up at the Swell 10th anniversary was XRP.
“We will never give up on XRP,” Garlinghouse said on stage.
That statement landed at a time when questions about XRP’s place inside Ripple’s strategy had been circulating. The price dropped nearly 70% from its peak. RLUSD had been growing. Some observers read those developments as a shift away from XRP. Garlinghouse addressed those claims directly.
RLUSD Is Growing on the XRP Ledger
Roughly half of all RLUSD currently sits on the XRP Ledger, with the other half on Ethereum. Garlinghouse confirmed the XRP Ledger side has grown faster over the past year.
“RLUSD and having a stablecoin on the XRP Ledger is good for the XRP Ledger because we have liquidity on-chain,” he said.
Crypto analyst daoland589 highlighted these figures after Garlinghouse’s appearance. The analyst noted that every dollar flowing into RLUSD adds activity to the XRP Ledger, not away from it.
🚨 "우리는 결코 XRP를 포기하지 않겠다."
Brad가 Swell 10주년 무대에서 못 박았습니다.
"We will never give up on XRP."요즘 타임라인에 이런 말 돌았지요.
Ripple은 RLUSD로 갈아탔다.
XRP는 버려졌다.거기다 가격은 고점 대비 최대 70% 가까이 빠졌고요.
불안할 만했어요.그래서 빵형이… https://t.co/rQalK5R4C2 pic.twitter.com/zKlvMLjmjK
— daoland589 (@stoneiland) October 28, 2026
Trillions Still Off-Chain
The money moving through Ripple Treasury and Prime currently sits at around $16 trillion. Over 99% of it remains off-chain. Daoland589 pointed to 2027 as a potential measuring point for how much of that capital moves on-chain.
Even 1% would represent $160 billion. The analyst argued the XRP ecosystem is positioned to absorb that flow.
Garlinghouse reinforced why XRP is suited for that scale. “Because of XRP’s efficiency as a layer one blockchain in terms of speed, scalability, it is uniquely positioned to solve some very large, many trillions of dollars scaled use cases,” he said.
XRP and RLUSD as Complementary Assets
Garlinghouse rejected the idea that RLUSD and XRP are in competition. Ripple remains the largest XRP holder and the most active technology contributor to the ecosystem. The company has also invested across a broad set of XRP ecosystem participants.
“We view them as very complementary,” he said of RLUSD and XRP. “We will never do something we think is bad for the XRP ecosystem.”
Daoland589 summarized the position plainly: RLUSD is bringing money to the XRP Ledger, not displacing XRP.
The Numbers Back the Commitment
Ripple’s record revenue year, RLUSD’s accelerating growth on the XRP Ledger, and $16 trillion in off-chain capital form the basis of the analyst’s outlook. The company that tripled its revenue chose XRP as the first promise it named publicly.
Garlinghouse closed the point at Swell with the same words he opened it with: “We will never give up on XRP.”
Disclaimer: This content is meant to inform and should not be considered financial advice. The views expressed in this article may include the author’s personal opinions and do not represent Times Tabloid’s opinion. Readers are advised to conduct thorough research before making any investment decisions. Any action taken by the reader is strictly at their own risk. Times Tabloid is not responsible for any financial losses.
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