Currency $XRP
did not rise due to several reasons ¹:
- *Lack of institutional demand*: Large companies like PNC do not use XRP, and MoneyGram sells the currency immediately due to regulatory fears.
- *Limited blockchain capabilities*: The Ripple blockchain XRPL has limited capabilities, hindering adoption among retail and institutional users.
- *Competition with decentralized applications*: DeFi decentralized applications on platforms like Ethereum attract liquidity and draw users.
- *Increasing supply*: The circulating supply of XRP is steadily increasing due to the release of 300 million XRP every quarter by Ripple, putting pressure on the currency's price.
- *Regulatory uncertainties*: Uncertainties regarding XRP's regulatory status impact its adoption by financial institutions.
However, there are expectations that XRP may rise in the future, especially with analysts predicting its price could exceed $10 by 2025. There is also the possibility of increased adoption of XRP by global banks, which could boost its price.
