Members of the XRP community, posting under the banner of the “XRP Army,” have circulated an open letter addressed to Ripple CEO Brad Garlinghouse. The letter, shared widely on X by the account @XRPgreatagain on November 10, 2026, expresses frustration over XRP’s price performance and calls for greater focus on the token’s value.
The letter argues that long-term holders supported Ripple through years of regulatory uncertainty and the SEC lawsuit, yet feel the company has prioritized other initiatives such as its RLUSD stablecoin. It suggests Ripple should take steps to help XRP reach what the writers describe as a fairer valuation range of roughly $15–$20. The post has drawn significant engagement, with thousands of likes, hundreds of reposts, and a large volume of replies.
Reactions within the community have been mixed. Some holders welcomed the letter as a legitimate expression of accumulated frustration. Others rejected the premise, noting that XRP is not a security or equity stake, that Ripple does not control the market price, and that real progress should be measured by utility, ledger activity, and payment volume rather than price targets.
The Drivers of the Current Situation
The main development is the public open letter from a segment of the XRP community directed at Ripple’s CEO, reflecting dissatisfaction with recent price action relative to long-held expectations. Confirmed elements include the letter’s circulation and engagement metrics, its core claims about community support during the SEC case and perceived shifts toward RLUSD, the suggested price range, and the polarized responses it generated. Related factors include ongoing debates about escrow management, communication from Ripple leadership, and the complementary versus competitive framing of XRP and RLUSD.
Further statements from Ripple executives, shifts in on-chain metrics, or additional community organizing will determine whether the letter leads to any sustained dialogue or remains a one-off expression of sentiment.
Impact and Broader Context
The episode has highlighted persistent tensions between retail holder expectations and the operational realities of a company building payment infrastructure and regulated products. It raises questions about the limits of community influence on corporate priorities, the distinction between token holders and shareholders, the risks of price-focused narratives, the role of utility metrics versus speculative targets, and how leadership communication shapes long-term sentiment. Coverage distinguishes between the letter’s framing of mutual support during legal battles and the counter-view that market price is independent of any obligation on Ripple’s part.
Additional executive responses, adoption data, or changes in holder behavior will clarify the lasting effect on community cohesion and perceptions of Ripple’s strategy.
Conclusion
The open letter captures a segment of XRP holders’ desire for clearer alignment between Ripple’s business progress and the token’s market performance after years of regulatory and price volatility. Whether it prompts more direct engagement from leadership or simply underscores the diversity of views within the community, it reflects the ongoing challenge of managing expectations in a project where utility development and retail speculation coexist.
This analysis draws from the November 10 open letter post and its engagement, contemporaneous community replies, and secondary reporting on the debate. Any official response from Ripple, further community actions, or measurable shifts in XRP usage remain subject to future developments.