Ripple CEO Brad Garlinghouse dropped a figure on CNBC that XRP holders have been screenshotting all week. On June 26, he said Ripple now processes roughly $16 trillion in annual payments and clearing activity across the businesses it acquired, and that digital assets account for "close to zero percent" of that volume.
That gap is the entire story, and how you read it decides whether you think XRP is a coiled spring or a value trap.
