Every bull cycle brings ambitious price calls, but sometimes everything can get out of hand. This week, XRP holders publicly posted orders to sell a single token for $1,000, saying the market would reach such levels one day. Of course, the order got everyone's attention, but it also gave XRPL's developers an opportunity to explain how the ledger actually works and why a hypothetical listing doesn't mean there's going to be a buyer.
Wietse Wind, one of XRPL's hottest builders, said the network doesn't match the price they put into the system.
First, you need to finish the book and the entire AMM in something. That won't happen. Unlike most centralized exchanges, XRPL finds the best offer rather than matching exact price match offers. That means you have to “eat” everything on your books first.
— WitnessWind (🛠 @ Xaman®, XRPL & Xhau) (@WietsWind) October 6, 2025
Instead, XRPL looks at the order book and automated market maker pools to fill trades at the highest available level. Therefore, if you have an over-the-top sell order, it will remain in place until all more realistic offers are settled. In his words, the ledger “finds the best offer, which means you have to eat everything in sight on the ledger first.”
He later explained that the idea of the XRP Ledger is basically to protect users from themselves. Even if someone were to list 1 XRP at a ridiculously high price, such as $1,000 or a desperate $0.01, the trade would still be executed around the fair market rate.
What is the fair price for XRP?
Currently, this rate is around $2.99 per XRP, with support at around $3.12 for sellers and $2.94 for buyers. If the price breaks above the $3.12 ceiling, traders are eyeing a move towards $3.30 in the near term, but a break below $2.93 could lead to another rally to $2.63.
What this discussion over a $1,000 sell order actually shows is that XRPL's matching logic locks you into a real market rather than a fantasy listing, meaning price action remains fixed at the liquidity levels traders can actually achieve.
