What are the reasons for the lack of an increase in the price of Ripple?
Ripple is currently operating under the Trump administration, which many see as the most supportive of cryptocurrencies in U.S. history. The SEC has also indicated a shift towards enacting regulatory laws that support innovation. Given these circumstances and the company's strong business model, many wonder why the price of XRP has not risen significantly.
In this regard, the surgeon pointed out that the answer lies in what happens behind the scenes, referring to the agreement among large financial institutions on the value of this currency in the long term before the majority of small investors notice it; the surgeon likened this situation to the discussions that precede an Initial Public Offering (IPO) when major players agree on the stock price long before it is launched in the market.
The surgeon also noted in his analysis the difference between Ripple's market price and its estimated value by investment institutions, suggesting that this 'undisclosed' price could range between $1,000 - $10,000, which is much higher than its current market price. He believes that this gap will not decrease until the entire market recognizes Ripple's value in the financial system.
