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Ripple CEO Brad Garlinghouse stated the company will never abandon XRP. Speaking at Swell 2026 in New York, he addressed speculation that Ripple is shifting its focus to its RLUSD stablecoin.
Ripple CEO Rejects RLUSD Pivot Rumors
Garlinghouse directly addressed the speculation during his remarks. Some market observers had claimed that Ripple had given up on XRP and was “leaning into RLUSD,” he noted.
“We will never give up on XRP,” the Ripple CEO told the audience. He added that “the momentum you’re seeing around XRP is profound.”
XRP Price Performance. Source: BeInCrypto
XRP’s price remains up over the past three months following a late-August rally, although it has cooled since late September.
Instead of treating the stablecoin as a rival, Garlinghouse framed it as part of XRP’s momentum. “RLUSD is one contributor to that… we view them as very complementary,” he explained.
The Ripple chief also emphasized that the company “will never do something we think is bad for the XRP ecosystem.”
The comments come as Ripple reports a banner year. According to a company statement, the firm is on track to exit 2026 with $900 million in annualized product revenue. The Ripple CEO called it the company’s best year ever on X:
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— Brad Garlinghouse (@bgarlinghouse) October 28, 2026
RLUSD plays an increasingly significant role in this push. The stablecoin now carries a market cap of $2.6 billion, up more than 88% this year, according to Ripple. It already hit a record high in January as Ripple courted institutional clients.
Additionally, Ripple secured final approval from the Office of the Comptroller of the Currency (OCC) for the Ripple National Trust Bank. The new bank charter has raised questions about who benefits most from Ripple’s growth.
Bessent and Schwartz Add to the Swell Buzz
Ripple’s 10th annual Swell event, which for the first time included the XRPL Apex developer summit, also attracted US Treasury Secretary Scott Bessent. He appeared alongside Garlinghouse at The Shed in Manhattan.
Bessent has previously predicted that the USD stablecoin market could exceed $2 trillion by 2028.
Ripple’s longtime technologist also joined the enthusiasm. David Schwartz, Ripple’s CTO Emeritus and a board member, posted on X during conference week:
Time to get on the @XRP train! pic.twitter.com/lRXsNDjIVK
— David ‘JoelKatz’ Schwartz (@JoelKatz) October 28, 2026
The Ripple CEO has publicly backed the token several times this year, including at Bitcoin 2026 in Las Vegas. For XRP holders, the Swell remarks represent the clearest answer yet from the Ripple CEO regarding the pivot rumors.
