Ripple CEO Brad Garlinghouse has publicly endorsed Flare co-founder Hugo Philion’s comment on Wall Street firms mirroring XRP’s vision. His remark helped restore community sentiment as XRP capitulation declined amid the recent price decline.
Ripple CEO Backs XRP Vision Amid Wall Street Debate
In a recent interview, Fillion said that he has “always been interested in XRP.” Overall, he said, Ripple’s payments strategy was in the right direction. He also said the company faces more regulatory issues than issues with its business model.
Fillion noted an important shift in the industry’s perception of Ripple today. He stated that some people used to criticize XRP and Ripple for their association with banks and financial institutions.
“When XRP and Ripple started, they were accused of being a banking currency,” Filion said. He then said that he made a comparison with the state of the cryptocurrency market at the moment.
“Now, everyone in the entire industry is desperate to be the banking currency,” he added. Against this background, it is worth noting that Ripple and South Korean Bank K It recently entered into a partnership for blockchain payments, which supports the XRP vision.
Fillion said Ripple has stayed true to its initial goal. “I think they have a good solution,” he added. He added that the company “has always been relatively honest with this solution.” Filion also said that the XRP community is one of the top communities in the cryptocurrency industry.
An X user later posted the videotaped interview and singled out Philion’s quote. The user mentioned that some in the cryptocurrency industry have mocked the institutional vision for XRP. “They mocked the vision. Now they’re copying it,” the post read.
Luminous Founder @hugophilion I just said it out loud 👀
XRP and Ripple have been accused of being a banking currency… and now everyone in the entire industry is desperate to be a banking currency.
They mocked the vision. And now they are copying it 🔥$XRP $FLR @FlyerNetworks pic.twitter.com/UHQCbR7lbA
— 𝗕𝗮𝗽𝗲XRP (@BankXRP) June 10, 2026
In response, Garlinghouse posted a one-word response to the original comment as is books“TRUE.” This comment immediately went viral and caught the attention of the XRP community.
About the upcoming upgrade of the XRP Ledger
The Ripple CEO’s comment coincides with the XRP Ledger Foundation planning to June 15 release From its version 3.2.0, this update comes on the heels of the successful launch of XRPL 3.1.3 last month. It included fixes and improvements to NFTs, multi-purpose tokens (MPTs), vaults, the lending protocol, and permitted domains.
One of the main aspects of Upcoming upgrade 3.2.0 It is the transition of the core server software from “wavy” to “xrpld”. This change is intended to better represent the growing open source ecosystem surrounding XRPL.
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