London Fund Manager Breaks Down Why Price Isn’t Rising

London Fund Manager Breaks Down Why Price Isn’t Rising

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Other international banks and financial organizations are more interested in XRP, Cryptocurrency and Digital Payment. However, the ALTCOIN price has not changed, leaving many investors and analysts at a confusion.

While some claim that the use of the Ripple professor's notebook hides the actual value of XRP, others attribute this to the problems related to liquidity and market morale.

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The private professor's book may limit the growth of prices

According to Digitalg, the former Fund's director in London, the use of Ripple for the Importer for Institutional Transactions may be the reason Xrp It was stagnant.

Digitalg emphasizes that banks may get XRP in large sizes on the hidden professor's book instead of the XRP notebook (XRPL)While maintaining these transactions outside the public market. This separation can explain the reason not to translate the adoption to higher prices.

Digitalg believes that later this year, a merger can occur between the special professor's book and XRPL, which may lead to the raising of the XRP value.

The main goals of Ripple are defined in the private record through large -scale transactions between institutions and digital central bank currencies (Cbdcs). This configuration makes it difficult for banks to see how XRP can be used in different situations even if it extends things and enhances safety for them. Some argue that lack of openness may lead to problems with regulation.

Market morale challenges and liquidity

Other observers say XRP fluctuations are caused by Dynamics General of the Market. The co -founder of Black Swan Capitalist Vandell Aljarrah says there is not enough to demand liquidity to cause the display disturbance even if the institutions use XRP for transactions.

XRP ceiling is currently at $ 133 billion. table: Tradingvief.com

It is noted that as of July 2024, when he was in a correction stage, the price of XRP was constantly ranging between $ 0.52 and $ 0.56.

Blockchain banks' adoption continues to adopt

Meanwhile, it was a big step forward for Ripple to form relationships with financial institutions. It seems that some of the 30 largest banks in the world seem to plan to use Ripple settlement technology by collaborating with Bitstamp, according to reports.

Along with the creation of RipPlenet and demand (ODL), which requires XRP, it has become easier to send money across the border more quickly and firmly.

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The price path is not clear

The future of XRP pricing is also unclear at this time. The three keys set by analysts as a close attention are $ 0.60, $ 0.63, and $ 0.66. If the price is able to break above these levels, it may rise to $ 0.86 or perhaps higher.

If it is less than $ 0.50, on the other hand, short -term recovery may be less likely.

Distinctive image from Gemini Imagen, the tradingvief chart

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