The XRP Price Puzzle Unveiled
A fascinating theory has emerged regarding XRP’s seemingly stagnant price performance, despite growing institutional adoption. According to former London fund manager DigitalG, the key to understanding XRP’s price behavior may lie in Ripple’s dual-ledger system – a revelation that could have major implications for investors. Recent analysis suggesting a potential $333 price target adds another layer of intrigue to this developing story.
The Two-Ledger Theory Explained
At the heart of this mystery is Ripple’s use of both public and private ledgers. The public XRP Ledger (XRPL) is visible to all, but institutional transactions reportedly occur on a separate, private ledger. This separation could explain why increased institutional adoption hasn’t translated into price appreciation.
Key findings:
- Banks are reportedly acquiring substantial XRP volumes on the private ledger
- Transactions remain hidden from the public market
- A potential ledger merger could occur by July 14, 2025
Market Dynamics and Price Analysis
Current price action shows XRP trading in a tight range between $0.52 and $0.56 since July 2024. Technical analysts have identified three critical price levels:
- Primary resistance: $0.60
- Secondary resistance: $0.63
- Key breakout level: $0.66
A breakthrough above these levels could trigger a rally toward $0.86.
Institutional Adoption Continues
Despite price stagnation, institutional adoption of Ripple’s technology continues to grow. Recent developments include:
- 30 major banks planning to integrate Ripple’s settlement technology
- Expansion of RippleNet and ODL services
- Growing CBDC initiatives utilizing Ripple’s infrastructure
Looking Ahead
The potential merger of Ripple’s private and public ledgers could be a game-changing catalyst for XRP’s price action. Market observers suggest this convergence might finally reveal the true extent of institutional adoption and potentially trigger significant price appreciation.
Source: NewsBTC