Properly-known XRP commentator All Issues XRP has triggered renewed dialogue concerning the existence of a “secret” model of the XRP Ledger, the place banks are reportedly shifting billions of {dollars}.
Whereas usually dismissed as mere hypothesis, the analyst argued that this so-called “secret ledger” just isn’t a conspiracy. As a substitute, he emphasised that it’s actual and absolutely documented.
Ripple’s Non-public Ledger
Particularly, the commentator famous that again in 2021, Ripple formally launched a CBDC Non-public Ledger. This ledger is a separate, closed model of the general public XRP Ledger.
The non-public ledger is particularly for central banks. It provides privateness, compliance, and national-scale forex issuance. All Issues XRP confused that this model of the XRP Ledger doesn’t depend on XRP and is solely remoted from the general public community.
Sources resembling Ripple’s weblog verify the existence and objective of this ledger. It provides the identical core efficiency as the general public XRP Ledger—quick settlements and scalable throughput. Nevertheless, it operates behind closed doorways to satisfy the wants of governments and monetary establishments.
No, XRP Isn’t $1,000 on a Secret Alternate
Notably, hypothesis has lengthy circulated inside elements of the XRP neighborhood that XRP trades at $1,000 or extra on the non-public ledger. Curiously, one former London fund supervisor used this narrative to clarify why XRP’s worth has remained “low” for years. He even speculated a couple of future merger of the ledgers to unify the XRP worth.
Nevertheless, All Issues XRP cited Ripple CTO David Schwartz, who has repeatedly debunked this narrative. Particularly, there is no such thing as a twin pricing mechanism for XRP. Furthermore, the CBDC Non-public Ledger doesn’t use XRP in any respect.
Primarily, there is no such thing as a secret market the place banks are shopping for XRP at inflated costs whereas retail merchants are left behind.
All Issues XRP added that whereas this will likely disappoint some conspiracy theorists, the existence of Ripple’s non-public ledger remains to be a big improvement.
Particularly, it highlights Ripple’s real-world partnerships with central banks and positions its know-how as a basis for future CBDC infrastructure. This strengthens Ripple’s enterprise utility case, simply not in the way in which some speculative traders may hope.
9️⃣ So What’s the Verdict?
✅ A personal XRPL for CBDCs? Confirmed.
❌ XRP double-pricing scheme? Debunked.
Don’t confuse “non-public” with “secret”—Ripple’s been upfront about this from the beginning.
— All Issues XRP (@XRP_investing) April 30, 2025
Makes No Sense for XRP to Promote Low-cost and Excessive Concurrently
In the end, All Issues XRP concluded that whereas a personal XRP ledger exists to facilitate massive institutional flows, it isn’t “secret,” and XRP just isn’t buying and selling at increased costs elsewhere.
Furthermore, it could be irrational for any entity, together with banks, to pay a premium for a commodity they might simply buy at a cheaper price on the general public market. This argument additional challenges the idea that XRP might be promoting at a premium to establishments whereas retail traders are holding baggage with decrease costs.