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The XRP ecosystem is full of promise for the crypto market, attracting the interest of investors and even institutions. With a technology that appeals to 61 Japanese banks, XRP seems to have it all. Yet, despite this mass adoption, the token’s price remains surprisingly stable. So why isn’t XRP taking off as you might expect?
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The Mystery of Crypto XRP: Mass Adoption, Slow Price
Despite growing adoptionin particular with the clear interest of 61 Japanese banksthe price of XRP remains curiously stagnant. And this despite the unexpected explosion in the trading volume of this crypto in early September. While we would expect to see an explosion in prices, the explanation could lie in a simple phenomenon: the absence of sufficient net flow.
Vandellco-founder of Black Swan Capitalist, explains that althoughInstitutions use XRP for transactionsthe volume is not yet large enough to raise the bids.
In other words, adoption is there, but demand for liquidity is not yet keeping pace to generate a supply shock. A situation that risks continuing as long as:
- Demand for XRP as a financial tool is not increasing substantially;
- The overall volume of transactions remains modest;
- The amount of XRP in circulation continues to be controlled.
A scenario which, paradoxically, could one day create a shortage and finally propel the price to the top.
Ripple: a ready technology, but a still hesitant market
Ripple is a dream, especially sinceit has stopped releasing new XRP tokens on the stock exchanges since 2019. A strategy which, in the long term, could transform XRP into a scarce assetthereby increasing its price potential.
According to experts, the real factor behind the increase lies in the combination of several elements : wider adoption, increased liquidity pools, and limited supply.
Yet, despite these optimistic indicators, the price of XRP is locked in a correction phase since Julyt, oscillating between 52.2 and 56.2 cents. Key levels to watch remain 60.5, 63, and 66 cents.
If a break above these levels occurs, XRP Could Hit 86 Cents or MoreBut beware of a possible dip below 50 cents, which could erode any hope of a rise in the short term.
The most optimistic see an XRP at $100, but the path to get there seems fraught with pitfalls. Only time will tell at what price this will happen…
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