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Banks and other global financial organizations are becoming more interested in XRP, the cryptocurrency and digital payment system. However, the price of the altcoin has not changed, leaving many investors and analysts perplexed.
While some contend that the usage of Ripple’s private ledger conceals XRP’s actual value, others attribute this to issues with liquidity and market sentiment.
Private Ledger May Be Limiting Price Growth
According to DigitalG, a former fund manager in London, Ripple’s usage of a private ledger for institutional transactions may be the reason why the price of XRP has been stagnant.
DigitalG asserts that banks might be acquiring XRP in substantial volumes on a concealed ledger instead of the public XRP Ledger (XRPL), keeping these transactions out of the public market. This separation could explain why increased adoption hasn’t translated into higher prices.
Why doesn’t XRP rise in price if banks around the world are buying huge volumes, I hear people say. It’s because there are two ledgers. Some Financial regulators could suggest it’s dishonest to conceal the true price of an asset! I suspect the 2 ledgers will converge on July 14 pic.twitter.com/a9mt0n1zdD
— DigitalG (@DigitalG15) March 16, 2025
DigitalG believes that later this year a merger between the private ledger and XRPL could take place, which could jack up the value of XRP.
Ripple’s main goals in private record are defined by large-scale transactions between institutions and central bank digital currencies (CBDCs). This configuration makes it more difficult for banks to see how XRP could be used in different situations even if it simplifies things and boosts security for them. Some argue that lack of openness might lead to problems with regulation.
Market Sentiment And Liquidity Challenges
Other observers say XRP’s price oscillations are caused by the general dynamics of the market. Black Swan Capitalist co-founder Vandell Aljarrah says there isn’t enough demand for liquidity to cause a supply disturbance even if institutions are utilizing XRP for transactions.
He notes that from July 2024, when it was in a correction phase, the price of XRP has been continuously ranging between $0.52 and $0.56.
Banks’ Adoption Of Blockchain Technology Continues To Grow
Meanwhile, it has been a big step forward for Ripple to form relationships with financial institutions. Some of the 30 largest banks in the world are apparently planning to use Ripple’s settlement technology by teaming up with Bitstamp, according to reports.
Along with the creation of RippleNet and On-Demand Liquidity (ODL), which both require XRP, it has become easier to send money across borders more quickly and cheaply.
Price Trajectory Unclear
The future of XRP’s pricing is also unclear at this time. The three key levels that analysts have identified as needing close attention are $0.60, $0.63, and $0.66. If the price manages to break above these levels, it could surge to $0.86 or perhaps higher.
If it falls below $0.50, on the other hand, a short-term rebound might be less likely.
Featured image from Gemini Imagen, chart from TradingView
They say journalists never truly clock out. But for Christian, that’s not just a metaphor, it’s a lifestyle. By day, he navigates the ever-shifting tides of the cryptocurrency market, wielding words like a seasoned editor and crafting articles that decipher the jargon for the masses. When the PC goes on hibernate mode, however, his pursuits take a more mechanical (and sometimes philosophical) turn.
Christian’s journey with the written word began long before the age of Bitcoin. In the hallowed halls of academia, he honed his craft as a feature writer for his college paper. This early love for storytelling paved the way for a successful stint as an editor at a data engineering firm, where his first-month essay win funded a months-long supply of doggie and kitty treats – a testament to his dedication to his furry companions (more on that later).
Christian then roamed the world of journalism, working at newspapers in Canada and even South Korea. He finally settled down at a local news giant in his hometown in the Philippines for a decade, becoming a total news junkie. But then, something new caught his eye: cryptocurrency. It was like a treasure hunt mixed with storytelling – right up his alley!
So, he landed a killer gig at NewsBTC, where he’s one of the go-to guys for all things crypto. He breaks down this confusing stuff into bite-sized pieces, making it easy for anyone to understand (he salutes his management team for teaching him this skill).
Think Christian’s all work and no play? Not a chance! When he’s not at his computer, you’ll find him indulging his passion for motorbikes. A true gearhead, Christian loves tinkering with his bike and savoring the joy of the open road on his 320-cc Yamaha R3. Once a speed demon who hit 120mph (a feat he vowed never to repeat), he now prefers leisurely rides along the coast, enjoying the wind in his thinning hair.
Speaking of chill, Christian’s got a crew of furry friends waiting for him at home. Two cats and a dog. He swears cats are way smarter than dogs (sorry, Grizzly), but he adores them all anyway. Apparently, watching his pets just chillin’ helps him analyze and write meticulously formatted articles even better.
Here’s the thing about this guy: He works a lot, but he keeps himself fueled by enough coffee to make it through the day – and some seriously delicious (Filipino) food. He says a delectable meal is the secret ingredient to a killer article. And after a long day of crypto crusading, he unwinds with some rum (mixed with milk) while watching slapstick movies.
Looking ahead, Christian sees a bright future with NewsBTC. He says he sees himself privileged to be part of an awesome organization, sharing his expertise and passion with a community he values, and fellow editors – and bosses – he deeply respects.
So, the next time you tread into the world of cryptocurrency, remember the man behind the words – the crypto crusader, the grease monkey, and the feline philosopher, all rolled into one.
Disclaimer: The information found on NewsBTC is for educational purposes only. It does not represent the opinions of NewsBTC on whether to buy, sell or hold any investments and naturally investing carries risks. You are advised to conduct your own research before making any investment decisions. Use information provided on this website entirely at your own risk.
