A controversial claim has rocked the XRP community. A former Ripple insider alleges that major financial institutions are accessing a private version of the XRP Ledger.
In this version, XRP tokens are reportedly being traded for over $1,000 each, far above the public market price, which currently sits under $1 as of May 2025.
The explosive revelation has fueled long-standing speculation that Ripple and its partners may be operating two versions of the XRP Ledger: one for the public and another for private institutional use. While this isn’t new chatter in crypto circles, the insider’s testimony has reignited fresh debates about price suppression, transparency, and Ripple’s long-term intentions.
The Alleged $1K XRP Price: Is It Even Possible?
According to an expert, the private ledger isn’t accessible to retail investors and is used by central banks and global financial institutions for cross-border settlements. In this version of the ledger, XRP’s utility and velocity supposedly justify a higher price point due to large-volume, low-friction transfers that require minimal liquidity risk.
Critics, however, are skeptical. They argue that the idea of XRP trading at over $1,000 on a separate ledger without any market reflection is mathematically and economically implausible. For XRP to reach that valuation, its market cap would need to exceed the GDP of many developed nations unless the volume is artificially capped or liquidity is tightly controlled within that closed system.
Public vs Private Ledgers: What’s the Difference?
Ripple has previously acknowledged the existence of a “private version” of the XRP Ledger tailored for central banks exploring digital currencies (CBDCs). Unlike the public ledger, which is decentralized and permissionless, the private version allows for greater privacy, governance, and control ideal for regulated institutions.
However, Ripple has not confirmed any pricing discrepancies between the two ledgers. The company maintains that XRP’s real utility lies in its ability to bridge currencies and enable near-instant cross-border payments not in speculative value.
Speculation or Suppression? The Community Responds
XRP holders, commonly referred to as the XRP Army, are divided. Some see the alleged $1K trades as validation of their long-held belief that XRP is heavily undervalued and that mainstream adoption is being deliberately delayed.
Others call for more evidence, warning that conspiracy theories can distract from real progress Ripple is making with governments and enterprises. Meanwhile, Ripple Labs has stayed silent on the matter, refusing to acknowledge or deny the claim. This silence has only fueled further speculation.
Final Thoughts: Truth or Tinfoil Hat?
The idea of XRP secretly trading at over $1,000 in a private ledger may sound far-fetched, but it taps into a deeper narrative of distrust, lack of transparency, and the ongoing battle between decentralized finance and traditional banking systems.
Until concrete evidence emerges, these claims remain unverified. But they serve as a powerful reminder of how little retail investors often know about the infrastructure that supports global finance, and how critical transparency will be as digital assets become mainstream.
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