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XRP Analysts question: Ripple continues to expand cooperation with financial institutions, why is the XRP price still stagnant below US$1.60?
Although Ripple continues to strengthen its cooperation with financial institutions, the price of XRP still fails to exceed the US$1.60 mark. This phenomenon has prompted cryptocurrency analyst Steph Is Crypto ask: Why have these positive developments failed to lead to a stronger price response?
In a social media post, Steph Is Crypto pointed out why XRP is still suppressed below $1.60 as Ripple continues to build partnerships with banks. The issue reflects a widespread assumption among XRP investors: If more and more banks partner with Ripple, demand for XRP should eventually rise.
However, the relationship between Ripple's business activities and XRP needs is far more complex than imagined. Financial institutions do not necessarily need to purchase or hold XRP when using Ripple's products.
Ripple's partnership will not automatically translate into XRP requirements
A commentator named Rock Daddy directly challenged Steph Is Crypto's premise. He explained that Ripple's business activities as a company are independent of XRP's attributes as a cryptocurrency. He urged investors to delve into the differences between every Ripple partnership before pegging it to the XRP price.
这种区分至关重要，因为金融机构可以使用瑞波的企业级基础设施，而无需将XRP作为长期资产进行购买。一家银行可以采用瑞波支付（Ripple Payments）或其他金融科技解决方案，同时通过其他数字资产或传统货币来结算交易。
理解这一区别的一个简单方法是将其类比为一家为铁路运营商提供技术设备的公司。主要的火车公司可以使用该公司的技术，但这并不意味着它们必须购买该公司生产的列车。同样地，金融机构可以使用瑞波的底层基础设施，而不会因此产生对XRP的同等规模需求。
RLUSD稳定币引入了新的变量
瑞波发行的稳定币RLUSD也为机构采用与XRP需求之间的关系增添了另一层复杂性。当机构处理大额资金流动时，通常优先考虑可预测的结算价值，这使得锚定美元的稳定币在某些交易中比波动性较大的加密货币更为适用。
这意味着，部分涉及瑞波的机构活动可能会增加其更广泛金融基础设施的使用率，却并未对XRP产生显著的直接买入压力。
虽然XRP在XRP账本中仍然扮演着重要角色，例如用于支付交易费用，但由于网络收取的费用极低，交易量的增加并不会自动转化为足以造成重大供应减少的XRP消耗量。
XRP的供应量仍是关键因素
Another commentator, David Stokes, focused on the availability of XRP. He pointed out that the maximum supply of XRP is 100 billion tokens, and more than 63 billion are currently in circulation. In addition, some tokens are about to be released due to custody account restrictions.
Stokes also mentioned the transaction costs and daily activity of XRP ledgers. He explained that the amount of XRP consumed through transaction fees is still too small to have a meaningful supply-tightening effect.
User LouNovak2 provided another explanation. He said that the trend of XRP and other cryptocurrencies is still deeply influenced by Bitcoin and overall market trends. Uncertainty surrounding the integration of digital assets into the emerging financial system will also put pressure on prices.
For XRP, Ripple's institutional partnership may not be enough to break through the key resistance level of US$1.60. The market is likely to need to see stronger direct demand for XRP itself, coupled with a more favorable market environment and continued investor buying behavior.
