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Ripple XRP Market Cap UNCORRELATED To Price Only TWICE – BOTH During Legal Extension Announcements

Daily XRP News

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Daily XRP News
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9 Comments

  1. I agree, great idea for Thailand but sounds like famous last words "By the time global travel returns to normal," lol

  2. Market cap going down but price not following means exactly what we all are hoping it means… that the XRP price is pegged at certain price levels based on how much transaction volume is running through ripplenet.

    The total volume of dollars running through ripplenet is increasing every week, and this necessitates a minimum price to be able to handle the volume regardless of whether retail or institutional traders sell their XRP.

    However, if a certain amount of XRP (super high amounts) is sold it will definitely impact the price negatively due to more volume available on the open market. But even this will have a limit as ripplenet adoption increases and XRP demand is not tied 1:1 to crypto exchange demand and instead more closely correlated to transaction settlements.

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