Despite growing adoption, especially with the evident interest from 61 Japanese banks, the price of XRP remains curiously stagnant. Even with the unexpected explosion of trading volume in early September, one would expect an explosion in prices. The explanation might lie in a simple phenomenon: the lack of sufficient net flow.
The XRP ecosystem continues to show great promise in the crypto market, attracting the attention of both investors and institutions. With technology that has captivated 61 Japanese banks, XRP seems to have everything going for it. However, despite this massive adoption, the token's price has remained surprisingly stable. So, what's holding XRP back from taking off as expected?
The Mystery of XRP Crypto: Massive Adoption, Slow Price Movement
Despite growing adoption, especially with the evident interest from 61 Japanese banks, the price of XRP remains curiously stagnant. Even with the unexpected explosion of trading volume in early September, one would expect an explosion in prices. The explanation might lie in a simple phenomenon: the lack of sufficient net flow.
Vandell, co-founder of Black Swan Capitalist, explains that although institutions use XRP for transactions, the volume isn't yet substantial enough to drive up the price.
In other words, the adoption is there, but the demand for liquidity isn't yet keeping pace to cause a supply shock. A situation likely to persist as long as:
A scenario that, paradoxically, could one day create a shortage and finally push the price to new heights.
Ripple: A Ready Technology, but a Hesitant Market
Ripple is captivating, especially since it stopped releasing new XRP tokens on exchanges in 2019. A strategy that, in the long term, could transform XRP into a rare asset, thereby increasing its price potential.
According to experts, the real upward factor lies in the combination of several elements: wider adoption, an increase in liquidity pools, and a limited supply.
Despite these optimistic indicators, the price of XRP is stuck in a correction phase since July, oscillating between 52.2 and 56.2 cents. Key levels to watch remain 60.5, 63, and 66 cents.
If a breakout above these levels occurs, XRP could reach 86 cents or more. But beware of a possible drop below 50 cents, which could erode any short-term hopes of a rise.
The most optimistic see an XRP at $100, but the path to get there seems fraught with obstacles. Only time will tell at what price this will happen…
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La révolution blockchain et crypto est en marche ! Et le jour où les impacts se feront ressentir sur l’économie la plus vulnérable de ce Monde, contre toute espérance, je dirai que j’y étais pour quelque chose
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