Why Has Ripple (XRP) Price Remained Stagnant Despite Winning SEC Lawsuit? Crypto Analysts Explain ‘Real Reasons’

Ripple's XRP price has remained stagnant due to various factors that are not clear to many. The expectation for the price at this time is for it to have spiked

Crypto analysts have shared their thoughts on the ‘real reasons’ why XRP price has not risen in price as expected following its legal win against the SEC.

Despite the anticipation for XRP price to spike following its legal victory against the SEC, the crypto asset's price has remained stagnant. To address this, YouTube channel The Bearable Bull posted a video where crypto analysts discussed some possible ‘real reasons’ why Ripple's price remained depressed and failed to spike according to expectations.

Here are some of the challenges affecting XRP price growth:

Banks' Slow Reaction to New Technologies

The presenters mentioned that banks have been slow to adopt XRP as a bridge currency since there are no incentives for doing so or any established profitable practices.

Financial institutions also tend to be slow-moving when it comes to trying out new technologies.

Low Institutional Demand

Although the XRP ecosystem is growing with new decentralized finance (DeFi) solutions and institutional-focused development, the lack of strong demand for the crypto is also hindering its growth.

Speculation Over Utility

For a long time, the price of XRP has been moved by speculation rather than its utility. Although speculation has sustained it over the years, it now remains for its utility to make the price begin to spike.

An increase in use and adoption is expected to make the price go up.

Ripple's Strategy

Ripple is focused on developing tokenization and custody solutions, which could lead to profitability but have not yet impacted XRP's price positively.

For a long time, Ripple has been selling XRP to fund ecosystem development, which has contributed to price suppression. The strategy has been necessary but controversial within the community.

The potential addressable market for electronic money, including stablecoins, is massive, and XRP could capture a significant share if its use cases expand.

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