The XRP community woke up to another heated debate today. Scott Melker, better known as The Wolf of All Streets and one of the most widely followed crypto traders online, asked a simple but loaded question. He said he wasn’t trolling, just genuinely curious, but XRP holders did not take the question lightly. “What is the current pitch for $XRP? The token, not Ripple the company,” he asked. He pointed out Western Union choosing Solana and SWIFT going with Linea, and questioned what utility XRP still brings if stablecoins are now handling most payment rails.
That sparked immediate replies – and the strongest response came from well-known XRP analyst mickle, who didn’t hold back.
The Question That Set Off the XRP Army
Melker’s point was straightforward. The hype around XRP being the future of global payments was built years ago. Today, fintech giants and global networks are experimenting with solutions that don’t require a native token like XRP. He asked directly, “But what utility does $XRP have?” He even clarified, “Again, not trolling. Asking.”
To some outsiders, it’s a fair question. XRP has been stuck in a regulatory battle for years, and while the company Ripple continues to grow its network and stablecoin initiatives, XRP itself often gets overshadowed.
Remember when I said 99% of people in crypto don’t actually understand crypto? Well, this is exactly what I mean.
— mickle (@xrpmickle) October 30, 2025
The question, “What’s the current pitch for XRP?” completely misses the point. The value proposition of XRP isn’t a temporary pitch — it’s foundational. XRP serves… https://t.co/gVkMnR5OxJ
But to long-time believers, XRP is still the fundamental asset that powers the entire XRPL ecosystem.
Analyst Fires Back: “You Don’t Understand the Basics of Crypto”
Mickle hit right back, saying Melker’s question actually reveals the biggest misunderstanding in crypto. “The value proposition of XRP isn’t a temporary pitch – it’s foundational,” he explained.
He argued that XRP is not a payment gimmick or a feature token. It’s a native asset necessary for decentralized settlement on XRPL. Without XRP, the ledger simply doesn’t work.
He pointed out the critical distinction:
- •Stablecoins depend on the chain they live on.
- •XRP is the chain’s source of value and liquidity.
In his words, “Stablecoins and other issued assets only inherit their ‘interesting’ qualities from the networks they live on. XRP… is integral – not derived.”
So, Who’s Right?
The conversation ultimately comes down to perspective. Traders like Melker care about market narratives and adoption headlines. Analysts like Mickle focus on the underlying technology and the long-term role XRP plays as a decentralized liquidity layer.
XRP is still waiting on two major catalysts:
- •ETF approvals
- •The rollout of Ripple’s institutional payment expansions
Until those hit, critics will continue to question utility. But if regulatory clarity and real-world adoption start lining up, the “pitch for XRP” may once again be obvious – and impossible to ignore.
The debate isn’t ending here. If anything, today proved that XRP remains one of the most misunderstood (and fiercely defended) assets in crypto.