Brad Kimes, creator of Digital Perspectives, has called the XRP Ledger’s built-in decentralized exchange (DEX) its “secret weapon.”

His remarks come as Ripple expands its institutional presence and developers revisit the core features that set the XRPL apart from other blockchains.

Specifically, Kimes pointed out that with Hidden Road handling $3 trillion and GTreasury $12.5 trillion in annual transactions, over $15.5 trillion in financial activity could soon flow through the XRPL. 

He called it a crucial moment as the crypto industry pushes for the market structure bill set to pass in 2026.

“Don’t believe it? It’s still true,” he added, noting that the XRPL is built to handle this scale of institutional settlement.

Ripple’s Multi-Chain Vision and the Expanding Role of XRP

A recently resurfaced video of Ripple president Monica Long added further context. Long reiterated that Ripple has always believed in a multi-chain, multi-token world, where different assets serve different roles depending on the use case.

She explained that XRP will always retain utility as the native asset of the XRP Ledger, powering gas fees and reserve accounts. She noted that demand for the token will rise as the network sees increased use from developers and institutional clients.

Long also highlighted a unique advantage few outside the community fully appreciate: the XRPL’s original DEX.“

Built into the ledger from the start, the DEX automatically routes trades that lack direct liquidity through XRP.

According to Long, this “auto-bridging” is where XRP becomes a true bridge asset, independent of Ripple’s payment products and relevant across any developer-driven use case.

The XRPL DEX, Hidden Road, and GTreasury

The resurgence of interest in the XRPL DEX follows Ripple’s rapid institutional expansion. Earlier this year, Ripple confirmed that Hidden Road’s entire post-trade infrastructure will transition to the XRP Ledger.

GTreasury, a major player in global corporate financial operations for over four decades, would serve as Ripple’s entry point into the $120 trillion corporate treasury sector.

While not all of this volume will convert to direct XRP usage, analysts are paying attention to how XRPL features like automated market-making, auto-bridging, and native settlement could handle high-volume operations.

Crypto Eri previously clarified that post-trade activity on the XRP Ledger will involve the movement of RLUSD collateral, settlement flows, and possibly data-related functions such as reconciliation.

Why it Matters for XRP

Notably, Long pointed out that Ripple’s payment system still uses both XRP and stablecoins for efficiency. Meanwhile, commentators are focusing on XRP’s role as a liquidity asset in the XRPL DEX.

As more projects build on the XRPL and connect to other blockchains, demand for XRP could grow as a routing asset. In other words, XRP’s advantage is not just speed or low fees alone but the XRPL’s underlying design. 

As Ripple targets institutional finance, the DEX could become a key part of digital asset infrastructure.

Based on this, analysts have been modeling various scenarios for what all of this could mean for XRP’s long-term market price.

Despite the recent rebound in the broader crypto market, XRP shows a slight undervaluation, according to Santiment. 

Following a prolonged market downturn, many cryptocurrencies, including XRP, are now attempting to recover. XRP, which briefly slipped to $1.83 during the decline, has since climbed back above $2 level. 

XRP Is the Least Undervalued Among Major Cryptos 

Despite this rebound, blockchain analytics platform Santiment notes in its latest assessment that several major crypto assets remain undervalued, including XRP.

Using the 30-day MVRV ratio, which measures the average purchase price of coins held by active wallets over the past month compared to the current price, Santiment found that XRP has experienced only a slight decline over the past month.

According to the data, XRP wallets show an average 30-day return of -4.7%, placing the asset in the “Very Slight Undervaluation” zone.

This is notably less severe than the conditions for other assets such as Cardano and Chainlink, which fall into the “Extreme Undervaluation” (-19.2%) and “Strong Undervaluation” (-13.0%) zones, respectively.

By comparison, Ethereum and Bitcoin show “Mild Undervaluation” at -6.3% and -6.1%, respectively. 

Potential Rebound? 

As the least undervalued asset in the group, XRP has spared recent investors from severe losses, showing milder downside pressure.

Although the metric indicates that investors who bought XRP in the past 30 days are still experiencing slight losses, it also suggests potential buying opportunities. In a previous analysis, Santiment noted that assets with a negative MVRV ratio are more likely to stage a rebound than those with a positive ratio.

Meanwhile, XRP was trading at around $2.15 at the time of the analysis. At this price, the Crypto Basic reported that 36.70% of XRP’s total supply, or 22.1 billion tokens, were in the red. 

Notably, XRP has rebounded from the $2.15 level and currently trades at $2.20. It has surged 1.2% over the past day and 1.95% over the past week. However, it is still down in the 30-day timeframe, with its losses standing at 16.43%. 

XRP is at the center of an effort by fintech giant Ripple to create an ecosystem that rivals top financial institutions like JPMorgan.

Teucrium CEO Sal Gilbertie is bullish on Ripple, expressing his confidence in what the XRP ecosystem is building. In a recent interview with top pundit Paul Baron, the CEO boldly claimed that Ripple is on track to compete with the apex companies of the traditional banking system.

Teucrium CEO Calls Ripple a “Machine”

Gilbertie called Ripple a “machine” and a “highly disciplined team” focused on driving mainstream adoption of its blockchain-focused payment innovation. Furthermore, he stated that the firm is developing technology that would compete with JPMorgan, an international financial services provider with over $4.6 trillion in assets under management (AUM).

While JPMorgan offers banking and wealth management services, it also facilitates inter- and intra-border settlements. Data shows that the bank processes nearly $10 trillion in payments daily across over 160 countries, and Ripple wants a share of this impressive volume.

Notably, Ripple is progressing in this course intentionally, and the Teucrium CEO acknowledged that. He noted that this JPMorgan rivalry will intensify when Ripple obtains its banking license.

“They are gonna be incredibly well capitalized,” he added, expanding on the impact of the banking charters on Ripple’s operation.

Notably, the San Francisco-based company filed for a US banking license with the Office of the Comptroller of the Currency (OCC) in July. Once approved, it would grant Ripple the right to provide fiduciary services, including custody of its RLUSD stablecoin.

Ripple Has No Reason to Sell XRP

For context, Gilbertie’s statement follows a question from host Barron whether Ripple CEO Brad Garlinghouse’s statement on XRP’s sales settled the market. For context, there have been community concerns over the Ripple team’s XRP sales. 

Some have also highlighted perceived negligence of XRP following recent Ripple expansions. However, Garlinghouse has assured that XRP is at the center of Ripple’s plans. 

Notably, the Teucrium CEO shared that Ripple has no reason to sell its XRP stash. “Why would they want to sell XRP?” he asked, concluding that they would hold on to the asset.

However, he does expect some level of sales. Gilbertie noted that the Ripple team might sell some of their holdings as the asset appreciates.

So, the CEO concluded that Garlinghouse’s statement that XRP is at the center of Ripple’s plan was a modest take. According to him, Ripple is at the “center of the universe.”

Remarkably, this is not the first time Gilbertie has praised Ripple and XRP. He claimed in August that Ripple could “hopefully” replace SWIFT, building on his earlier comments that XRP has massive utility and demand.

Recent on-chain analysis from Glassnode has revealed the current rate of XRP and Bitcoin supply in the red.

Glassnode, a prominent digital asset analytical platform, released these recent statistics in an X post as the crypto market shows resilience. Bitcoin has held above $87,000, while altcoins have seen mixed price movements.

XRP Holder Profitability Sees Boost

The Glassnode tweet highlighted the profitability rates of some of the top cryptocurrencies by market cap to holders. It started off with the sector’s leader, Bitcoin, stating that 34.91% of its supply is at a loss.

Notably, BTC has a circulating supply of 19.95 million, according to CoinMarketCap, accounting for over 95% of the asset’s max supply. Notably, the Glassnode report shows that, of this figure, 6.96 million bitcoins are currently held at an unrealized loss. Consequently, a larger portion, about 65.09% of Bitcoin’s supply, is in profit, representing approximately 12.98 million BTC.

Meanwhile, about 36.70% of XRP’s supply is in the red. With its current circulating supply of 60.25 billion, this suggests that 22.1 billion tokens are unprofitable to holders at the present market standing.

Remarkably, an earlier report, barely a week ago, showed that 41.5% of the XRP supply is in the red, a figure last seen when prices trended at $0.50. At the time of this report, XRP changed hands at $2.15.

Its slight growth to $2.18 at press time has reduced this number, ensuring that 63.3% of XRP holders now have unrealized gains.

Large Chunk of Solana Supply in Loss

Glassnode also highlighted the rate of Solana and Ethereum supply in loss. Specifically, 38.37% of Ethereum’s 120.69 million circulating supply is in the red, with the other 61.63% (74.38 million ETH) held at unrealized gains.

Solana has the largest supply in loss among the listed cryptocurrencies. Notably, a staggering 74.84% of its circulating supply is unprofitable to holders, accounting for 418.55 million of its 559.26 million supply.

Notably, this suggests that most holders bought Solana either around the 2021 top or between last year and now. It also shows they ignored the token during the FTX implosion, which saw SOL capsize to $11 before the rebound.

Meanwhile, an accompanying chart shows an elevated percent supply in profit for Bitcoin and XRP between May and October, before the recent price downturn pushed it lower.

However, Ethereum and Solana saw a lower percentage supply compared to BTC and XRP in May, but saw growth in between July and October. The recent correction hit SOL holders the hardest, forcing supply profitability to drop below 30% in November.

Remarkably, the percentage of supply in loss helps explain holder sentiment and potential market moves. Coins with more holders in loss are more likely to experience selloffs if harsh market conditions persist than those with more profitable users.