Why XRP Price Refuses to Rise Despite Ripple’s Mega Moves
Summary
Ripple has significantly expanded its payments and digital asset ecosystem this year, spending $4 billion on four major acquisitions (GTreasury, Rail, Palisade, and Ripple Prime) to build an end-to-end platform for real-time money management. Concurrently, Ripple secured regulatory approvals, including an expanded Major Payment Institution license in Singapore and FSRA approval for its stablecoin RLUSD in the UAE.
However, the XRP price has lagged, declining 31% over the past two months, with social sentiment indicating extreme fear, according to Santiment. Data also shows rising network velocity, suggesting low long-term holding, and significant short positions in derivatives markets, particularly among Korean investors.
Analysts suggest focusing on Ripple's underlying adoption rather than short-term charts, as the company strengthens its enterprise infrastructure globally. While XRP trades near $2.09, observers note that future price action depends on mitigating selling pressure, even as XRP ETFs approach a $1 billion milestone.
(Source:BeInCrypto)