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CryptoSlate Analysis: XRP Price Gains Limited Despite Ripple's Business Expansion, as New Services Do Not Mandate XRP Usage
CryptoSlate analysis points out that despite Ripple's recent approval from a national trust bank and partnerships with institutions like BNY, Robinhood, Coinbase, and DriveWealth, the price increase of XRP has been limited. The analysis suggests this is because Ripple's new services, such as the RLUSD stablecoin and digital asset custody, allow institutional clients to use its products without directly purchasing XRP. Additionally, XRP transaction fees on the XRPL are extremely low and are burned, which limits the growth of its demand.
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Disclaimer: This content reflects the author's personal views only and does not constitute investment advice.
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