I EXPLAIN WHY 👉 XRP 👈 ▶️▶️▶️is not rising◀️◀️◀️
Despite the growing interest from financial institutions, the price of XRP remains stable, which frustrates many people.
XRP is hovering around $2.33, which means a 2.54% decline in the last 24 hours and a 20% drop over the last eight weeks. Given Ripple's developing collaboration with banks, many expected a stronger price increase, but the market is not responding as anticipated.
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Why doesn't the price of XRP reflect institutional demand❓❓❓
Recently, former City of London fund manager, DigitalG, pointed out this price discrepancy in a post on X (formerly Twitter). According to him, the answer lies in Ripple's dual ledger system, which separates public and private transactions.
▶️Public XRP Ledger (XRPL): Open to everyone, this blockchain records retail transactions and market activity.
▶️Private XRP Ledger: a restricted access version, mainly used by banks and institutions for handling CBDCs and large-scale financial transfers.
