Ripple's XRP has been one of the tokens that has been subject to intense speculation by its community and the overall cryptocurrency market. XRP is among the top 10 cryptocurrencies in terms of market value and does not fall off this list. This is even more impressive despite the fact that Ripple (the issuer of XRP) has been cracked down on by the US Securities Commission for nearly 3 years.

Various speculative theories have emerged about how central authorities could perhaps determine the price of XRP. To debunk these and other myths, a famous blockchain analyst turned to X to explain why this isn't possible:

The price of decentralized crypto assets cannot be determined. The price is determined by the dynamics of supply and demand in the global open market. Sometimes with influencing factors, such as trading, sentiment, adoption, news and liquidity.

However, in the case of Ripple, this raises a few doubts. In particular, consider that a particular company owns a particular asset and has the freedom to offload it on the open market at will. Additionally, XRP's decentralized nature could be put to the test across all major cryptocurrencies, given Ripple's ability to influence its price by dumping XRP into the market.