XRP is under fresh scrutiny after a well-known investor issued scathing remarks against the cryptocurrency, comparing its impact to that of the COVID-19 pandemic. The sharp criticism came in response to claims that XRP Ledger will power the European Central Bank’s digital euro project alongside WhiteNetwork.
According to online sources, the ECB may be collaborating with Ripple’s XRP Ledger for its upcoming digital euro rollout. This development has triggered concern among cryptocurrency supporters, many of whom view central bank digital currencies as tools that could erode financial autonomy and increase government surveillance.
Also Read: Pundit Says the Floodgate is About to Open on XRP – Here’s What’s Coming
Veteran investor Grant Cardone reacted strongly to the alleged partnership, describing it as a desperate move by the XRP team. Cardone argued that XRP is aligning with what he called “the most oppressive people on planet Earth” to stay relevant in a fast-changing financial landscape.
He pointed directly at ECB President Christine Lagarde, labeling her “Ms. Cringe” and accusing her of leading efforts to turn Europe into what he termed a “prison continent.” His criticism extended to XRP itself, which he likened to COVID-19 in terms of its perceived threat to personal and financial freedoms.
XRP will take any path they need to survive including coordinating with the most oppressive people on planet Earth, one of them pictured below, Ms Cringe, who will do whatever is needed to turn Europe into a Prison Continent, so there is martial law everywhere and they can scam… https://t.co/ZfXFhWQoiD
— Gary Cardone (@GaryCardone) June 9, 2025
Cardone, who has spent over four decades in financial markets, said the digital asset’s willingness to partner with centralized institutions marks a betrayal of crypto’s core principles. He emphasized that XRP, like the pandemic, has the potential to disrupt and damage on a wide scale if left unchecked.
Investor Exit Reflects Broader Concerns Over XRP’s Direction
Earlier this year, Cardone publicly announced that he had sold off his entire XRP holdings, valued at more than $81,000. He revealed that the decision was driven by the asset’s failure to meet key investment criteria he developed throughout his career.
At the time of the sale, XRP was priced at $2.71, notably higher than its current market rate of $2.28. Cardone shared a list of six personal investment rules and stated that XRP had failed to meet those standards, prompting his complete exit from the project.
The cryptocurrency community remains divided following these remarks. While some argue that any form of mainstream adoption represents progress, others are increasingly wary of partnerships that blur the line between decentralization and central control.
As of now, no official confirmation has come from the ECB regarding the use of XRP Ledger or WhiteNetwork in the digital euro. Still, the speculation continues to spark fierce debate across the digital asset space.
Also Read: Analyst Says XRP Will Make Final Move 2–3 Months – Here’s What it Means
