CandleFocus Finance Pundit Shares Simple Breakdown of How Utility Will Increase XRP Price
2024-09-14
Author: Content Editor
Financial pundit Vandell Aljarrah believes that the growing utility of XRP, along with increased liquidity and institutional adoption, will drive its price higher. He highlights the importance of liquidity in asset prices during bull markets and expects that the increasing utility of XRP will bring more liquidity into the system, leading to sustainable growth. Additionally, he suggests that institutional adoption will reduce the supply available to retail investors, further pushing prices higher. Aljarrah also mentions Ripple's payment service, which is believed to contribute to XRP's potential price increase. Despite Ripple's claim that their payment service has no direct impact on XRP's price, Aljarrah and other analysts argue otherwise. Ultimately, Aljarrah expects XRP's finite supply, growing utility, institutional adoption, and liquidity solutions to drive substantial price growth.
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