What does XRP need to achieve a sustainable rise?
Despite the buzz around XRP exchange-traded funds, the price of the currency remains close to $2, affected by the general market contraction. Experts point out that the demand for these funds alone is not enough to drive the price to high levels.
The sustainable rise in XRP's price depends on the adoption of the currency in payment systems, financial transfers, and commercial settlements, which increases the volume of transactions and institutional use, creating real liquidity that supports higher price ranges without bubbles.
To achieve a price of $10, the continued liquidity from index funds must be coupled with actual adoption of the currency in financial sectors; without this balance, any rise may be short-lived and quickly reverse when market sentiment changes.
