Flare CEO Urges XRP Holders to Look Beyond Ripple
Flare CEO Hugo Philion responded to renewed criticism of XRP by arguing that its value should rest on making the token useful capital rather than relying on Ripple.
Flare CEO Hugo Philion responded to renewed criticism of XRP by arguing that its value should rest on making the token useful capital rather than relying on Ripple. XRP (XRP) is trading at ₹105 ($1.12), up 0.9% since this brief published. This is an original Token Times brief based on reporting by U.Today, with live market data added, as of Mon, 09 Nov 2026 03:00:01 UTC.
The exchange highlights a broader question about XRP's market value: whether its utility and use as capital can stand independently of Ripple's role. That distinction is especially relevant amid sharp weekly losses for XRP.
- Flare CEO Hugo Philion pushed back against renewed XRP criticism
- Philion urged holders to focus on making XRP useful capital
- XRP trades at $1.11, down 4.56% over 24 hours
- XRP has fallen 10.78% over seven days
Flare CEO Hugo Philion has responded to renewed negative commentary surrounding 
XRP, according to U.Today. His position is that XRP holders should not depend on Ripple to support the cryptocurrency’s value and should instead concentrate on making XRP useful as capital. No other outlet supplied coverage of the remarks.
The statement arrives during a weak market backdrop for XRP. The token is priced at $1.11, with its market capitalization standing at $70.5 billion. XRP is down 4.56% over the past 24 hours and 10.78% over seven days, reflecting the broader downward pressure reported across the crypto market.
Bitcoin is also lower, falling 1.48% over 24 hours, while the total crypto market capitalization is $2.56T and the overall market is broadly down. The Fear & Greed Index stands at 29, placing sentiment in the “Fear” category. These figures provide context for the negative environment in which Philion addressed renewed XRP criticism.
Flare itself is also trading lower: FLR stands at $0.00556821, down 2.83% over 24 hours and 7.89% over seven days, with a market capitalization of $488.61 million. The main development to watch is whether attention shifts from perceptions of Ripple’s influence toward concrete use of XRP as capital, rather than any change in price associated with the comments.
Philion’s response frames XRP’s potential utility and independence from Ripple as the central issues. The comments do not provide a new target, policy, or market outcome, but they put emphasis on the token’s role as capital while XRP is down sharply over the past week.
Since this brief published about 8 hours ago, XRP (XRP) has moved from ₹104.39$1.11 to ₹105.33$1.12 — +0.90%.
The chart plots XRP's price: grey is the move before this brief published, the vertical dashed line marks the moment it published, the horizontal dashed line is the price then, and the coloured area is the move since — from Token Times's market data (daily resolution). It shows what happened after the news, not that the news caused it; many factors move prices. Not financial advice.
At today's peer-to-peer rate, 1 XRP ≈ ₹111.99 (about $1.12), down 3.2% over 24 hours. The rupee itself trades about 6.3% above the official rate on the P2P market, so a Indian buyer's effective cost differs from the headline dollar price.
Live market data
Current prices for the assets in this story — live, source-stamped, updated every 15 minutes.
Flare CEO Urges XRP Holders to Look Beyond Ripple — questions & answers
What did Flare’s CEO say about XRP?
Hugo Philion urged XRP holders to stop relying on Ripple to drive the token’s value and instead focus on making XRP usable capital.
How is XRP performing?
XRP is trading at $1.11, down 4.56% over 24 hours and 10.78% over seven days. Its market capitalization is $70.5 billion.
What is the broader crypto market doing?
The total crypto market capitalization is $2.56T, and the market is broadly down. Bitcoin is down 1.48% over 24 hours, while the Fear & Greed Index is 29.
How much is 1 XRP worth in rupee today?
About ₹111.99 at the live peer-to-peer (P2P) USDT rate, which is what Indians typically trade at — equivalent to roughly $1.12. The rupee price moves with both XRP's US-dollar price and the USDT/INR rate; use our XRP in rupee page for any amount.
Has XRP's price moved since this brief was published?
XRP is up 0.90% since this brief first published — trading at ₹105 ($1.12) now versus ₹104 ($1.11) at publication. Token Times re-checks this figure against CoinGecko and Binance every 15 minutes.
Which outlets reported this story?
This is an original Token Times brief that synthesises reporting from U.Today. It is not a copy of any one article — follow the source links above for the original reporting.
Original summary — not financial advice. This is an original Token Times brief that summarises a development reported elsewhere and adds live market data for context; it is not the original article and reproduces no part of it. Follow the source link above for full details. Crypto is volatile and high-risk — always do your own research.