Flare CEO Hugo Philion criticized XRP holders for evaluating the cryptocurrency solely through Ripple’s actions. He urged them to improve its usability, attract new investors and turn XRP into a usable asset rather than a predominantly speculative one. Flare was created, he said, to make XRP less dependent on Ripple and enable broader use cases. Over the past year, XRP has fallen by around 50% and stood at $1.16 at the time of publication. Philion also clarified that FLR is required to use FXRP, particularly to pay transaction fees, although Flare Smart Accounts simplify this management.
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