Flare CEO Urges XRP Holders to Focus on Utility Instead of Ripple
Flare CEO Hugo Philion challenged renewed concerns about XRP and said holders should focus on making the asset practically useful.
Flare CEO Hugo Philion challenged renewed concerns about XRP and said holders should focus on making the asset practically useful. XRP (XRP) is trading at $1.11, down 0.9% since this brief published. This is an original TLT brief based on reporting by U.Today, with live market data added, as of Sun, 08 Nov 2026 22:45:03 UTC.
The comments place greater emphasis on XRP’s utility rather than Ripple’s role in supporting its value. With XRP down sharply over seven days, the debate is occurring amid a broader decline in crypto sentiment.
- Flare CEO Hugo Philion pushed back against renewed XRP criticism
- He urged holders to focus on making XRP usable capital
- XRP trades at $1.12, down 3.56% over 24 hours
- Crypto Fear and Greed index stands at 28
- Ripple's Swell Conference Kicks Off in New York with Focus on XRP Ledger and Digital Assets
- XRP Community Member Criticizes Ripple's Focus on RLUSD Over Token's Price
- Ripple’s projected XRP escrow release puts 31.1 billion tokens in focus
- Flare CEO Urges XRP Holders to Focus on Utility Instead of Ripple — this brief
U.Today reports that 
Flare CEO Hugo Philion rejected renewed negative commentary surrounding 
XRP. He urged cryptocurrency holders to stop looking to Ripple to generate value for XRP and instead concentrate on turning the asset into usable capital.
The remarks come from a single published source, with no additional outlet coverage supplied for independent corroboration. Philion’s central position is a shift in emphasis: rather than treating Ripple’s influence as the main basis for XRP’s worth, he wants holders to consider the asset’s practical use and its development as capital.
Live market data show XRP at $1.12, a decline of 3.56% over 24 hours and 11.27% over seven days. Its market capitalization stands at $71.04 billion. Flare’s FLR token is also lower, trading at $0.00559232 after falling 2.22% over 24 hours and 7.83% over seven days, with a market capitalization of $490.72 million.
The wider crypto market is broadly lower, with 
Bitcoin down 1.46% over 24 hours and total market capitalization at $2.56 trillion. The Fear and Greed index is at 28, placing sentiment in the “Fear” category. Against that backdrop, XRP’s seven-day decline exceeds Bitcoin’s daily move, while FLR has also recorded a substantial weekly decrease.
The significance of Philion’s intervention is that it reframes the discussion around XRP around utility rather than dependence on Ripple. Market participants may watch whether subsequent discussion focuses on practical uses for XRP and whether the asset’s recent losses begin to narrow, although the available data provide no indication of the timing or direction of any future move.
Since this brief published about 4 hours ago, XRP (XRP) has moved from $1.12 to $1.11 — -0.89%.
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 TLT'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 ≈ ₦1,531.78 (about $1.11), down 4.3% over 24 hours. The naira itself trades about 2.4% above the official rate on the P2P market, so a Nigerian 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 Focus on Utility Instead of R — questions & answers
What did Flare’s CEO say about XRP?
Hugo Philion pushed back against renewed negative coverage of XRP and urged holders to focus on making it usable capital rather than relying on Ripple to drive its value.
How is XRP performing in the current market?
XRP is trading at $1.12, down 3.56% over 24 hours and 11.27% over seven days. Its market capitalization is $71.04 billion.
What is the broader crypto market sentiment?
The Fear and Greed index stands at 28, indicating a “Fear” reading. The overall crypto market is broadly down, while Bitcoin is down 1.46% over 24 hours.
How much is 1 XRP worth in naira today?
About ₦1,531.78 at the live peer-to-peer (P2P) USDT rate, which is what Nigerians typically trade at — equivalent to roughly $1.11. The naira price moves with both XRP's US-dollar price and the USDT/NGN rate; use our XRP in naira page for any amount.
Has XRP's price moved since this brief was published?
XRP is down 0.89% since this brief first published — trading at $1.11 now versus $1.12 at publication. TLT re-checks this figure against CoinGecko and Binance every 15 minutes.
Which outlets reported this story?
This is an original TLT 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 TLT 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.