According to CryptoPotato, Ripple's XRP has long been a subject of speculation within the cryptocurrency community. As one of the original cryptocurrencies, it has consistently remained in the top 10 largest coins by total market capitalization. This is particularly impressive considering that Ripple, XRP's issuer, has been under scrutiny by the United States Securities Commission for nearly three years.

There have been numerous speculative theories about how central authorities could potentially set the XRP price. However, a well-known blockchain analyst has debunked these myths, explaining that decentralized crypto-assets like XRP cannot have their prices set by a central authority. Instead, the price is determined by supply and demand dynamics in the global open market, sometimes influenced by factors such as trading, sentiment, adoption, news, and liquidity.

While this is true in general, the case of Ripple raises some questions. For example, what if a specific company owns a large amount of a particular asset and can offload it on the open market at will? Additionally, the decentralized nature of XRP can be questioned, given Ripple's significant impact and ability to influence its price by dumping XRP on the market, something they have been doing for years.