In the last few days the controversy over the price of XRP has returned to worsen with many users on social media who are pointing the finger at ripple, guilty of telling them to use the XRP token to fund themselves by substantially defrauding investors; meanwhile, just today, the closing of a new round of financing was confirmed, led by Tetragon (in turn flanked by SBI holdings and Route 66 Ventures) for 200 million dollars to benefit ripples. To fuel the controversy, which as mentioned have regained strength after having weakened in recent months, were also the statements of Brad Garlinghouse, CEO of Ripple, who said that, even following this new round of financing, what is going to ending can be considered for ripple an exceptional year, in which the project has recorded the greatest growth since its birth; clearly Garlinghouse is not talking about the price of XRP when it makes certain statements, but speaks more generally of the growth of the network, however investors, with nerves on edge for the heavy depreciation of the XRP tokens, do not seem to have taken the statements of the CEO in the right direction. Net of any controversy, however, we cannot deny that 2019 was an extremely positive year for ripple, which was able to extend its range of action in over 70 countries worldwide and recorded a growth in transactions, on a annual, 10 times higher than in 2018; if this were not enough we recall that this year Ripple consolidated and strengthened its presence in the market of cross-border money transfers, forging strategic partnerships with the main players in the sector, RIA and, above all, MoneyGram, in which the company of the consortium R3 entered with purchases for a whopping 50 million dollars.

All this, however, has in no way weakened the controversy on social media, also because the price of XRP continues to fall for months now; Many accounts are therefore claiming that the growth of ripple will benefit the shareholders, while those who have purchased XRP will only accumulate losses since their role, in all this history, is that of mere financiers of the project. In practice ripple is being financed by selling tokens that have no value (XRP) and by playing on the fact that many believe that the growth of the project will coincide with the increase in the price of coins; as is known on the basis of this thesis, various processes are underway in the USA that see ripple sued by investors with the accusation of having defrauded them; the point is that the ripple platform, contrary to what one might believe, can very well work even without XRP, consequently the growth of ripple (as a platform) is completely disengaged from the XRP price trend on the markets. However, it should be remembered that a large part of the work done by ripple over the last year concerns a series of partnerships whose purpose is to sustain the price of XRP; if ripple, as a platform, can work very well without resorting to the native token the same cannot be said for some projects that run on the ripple network but that to move money must necessarily convert the fiat currency to XRP. As Garlinghouse himself has pointed out recently, therefore, it is absurd to think that ripple is not interested in what happens to XRP and even more so is to believe that it is intentionally burying this currency also because the R3 consortium is the entity that holds the greater number of XRPs in circulation.