XRP price did crash from $3.60 to $1.01 – that is a huge drop. Anyone holding XRP from the 2025 highs is sitting on a 70% loss. The numbers do not lie.
But there are still some voices in the XRP community who argue that price is not the only thing XRP enthusiasts should care about. One of them is X Finance Bull, who posted a detailed thread explaining why he remains bullish despite the crash.
The Argument: Ripple’s Network Is the Real Story
X Finance Bull tweeted:
“How can you be bearish on XRP when it is the North Star of Ripple, which has hundreds of financial-institution customers around the world? This image alone shows more than 100 publicly named customers, not including major undisclosed institutions that may be covered by NDAs.”
He pointed to a logo wall that includes Santander, Standard Chartered, American Express, MUFG, SBI Remit, Siam Commercial Bank, PNC Treasury Management, RAKBANK, QNB, BankDhofar, Federal Bank, Tranglo, Bitso, AMINA Bank, Corpay, Chipper Cash, Banco Genial, Braza Bank and many others.
His argument is that these institutions did not all arrive at the same time or use the same Ripple product. Some relationships are historical. Some remain active. Some used RippleNet messaging. Others used On-Demand Liquidity, XRP, RLUSD, or the newer Ripple Payments infrastructure.
How can you be bearish on $XRP when it is the North Star of Ripple, which has hundreds of financial-institution customers around the world?
— X Finance Bull (@Xfinancebull) August 6, 2026
This image alone shows more than 100 publicly named customers, not including major undisclosed institutions that may be covered by NDAs.… pic.twitter.com/LwnAP9hq5O
The real signal, he says, is that Ripple has spent years building payment corridors, licenses, liquidity connections, and institutional trust across North America, Europe, Asia, the Middle East, Africa, and Latin America.
He acknowledges a key nuance: “Not every customer automatically creates demand for XRP. But every regulated corridor and every business choosing Ripple expands the environment where XRP can be used as a bridge asset when it solves the liquidity problem better than prefunded capital.”
His conclusion: “Most people see a red candle and assume nothing is happening. I see a payment network that has survived changing market cycles, regulations and customer needs, yet continues adding banks, fintechs, remittance companies and treasury platforms.”
Read more XRP news: Trader Who’s 50% Allocated to XRP Reveals His Next Buy Target
My Take: XRP Price Action Is What Investors Actually Care About
I appreciate the long-term vision. The institutional network Ripple has built is real. The partnerships are real and the payment corridors are real as well.
But let me be honest: price action is the only thing that holders and investors actually care about. This is why they invest – to earn on the price action. And earning on price action on XRP has been pretty hard to do this year.
The token is down 70% from its highs. It is trading near $1.04. The chart is bearish. The momentum is weak and the Clarity Act is stalled. The broader market is in a bear trend.
X Finance Bull’s argument is a long-term thesis. It explains why XRP could be valuable in the future. But it does not change the fact that XRP has been a losing trade in 2026.
For traders, the short-term reality is simple: the trend is down. The XRP price is below $1.05. The support is at $1.00. A break below that could send XRP to $0.80 or lower.
For long-term believers, the institutional network is the reason to hold. But they have to be willing to sit through more pain before the thesis plays out.
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