Ripple's fourth quarter report really aligns with what I mentioned in my previous article; it has shifted from cross-border payments to pure cryptocurrency sales. You can refer to the content I wrote to understand this.

1. The main reason Ripple selectively focuses on the value of XRP
1. Responding to short-term market anxiety
- XRP saw a significant surge in 2023 due to a partial victory in the SEC lawsuit but fell back to the $0.6 range in the fourth quarter impacted by 'capital diversion from Bitcoin spot ETF'. Investors are more focused on price fluctuations rather than long-term business indicators.
- Ripple needs to stabilize market confidence, for instance, emphasizing the lock-up mechanism of XRP custody accounts (releasing 1 billion XRP per month) to avoid panic selling.
2. Avoiding legal risks
- The SEC lawsuit has not yet fully concluded (entering the remedial phase in April 2025), and excessive promotion of ODL (On-Demand Liquidity) and other businesses may be viewed by regulators as 'inducing the market', increasing the risk of fines.