XRP Price Stagnation Despite Institutional Interest
- Banks and global financial organizations are increasingly interested in XRP.
- The price of XRP has remained between $0.52 and $0.56 since July 2024.
- Ripple uses a private ledger for institutional transactions, which may conceal XRP’s true market value.
- XRP’s market cap is currently at $133 billion.
- Some of the world’s largest banks plan to use Ripple’s settlement technology with Bitstamp.
The stagnant price of XRP, despite substantial institutional interest and a market cap of $133 billion, may be due to the use of a private ledger that obscures its true value in public markets.
Source (2.6)https://www.newsbtc.com/altcoin/xrp-puzzle-london-fund-manager-breaks-down-why-price-isnt-rising/?rand=52377
