{"id":462371,"date":"2024-09-24T11:25:14","date_gmt":"2024-09-24T11:25:14","guid":{"rendered":"https:\/\/www.crypto-news-flash.com\/?p=858254"},"modified":"2024-09-24T11:25:14","modified_gmt":"2024-09-24T11:25:14","slug":"xrp-price-surge-tied-to-liquidity-needs-of-global-banks-says-crypto-expert","status":"publish","type":"post","link":"https:\/\/e-bitco.in\/index.php\/2024\/09\/24\/xrp-price-surge-tied-to-liquidity-needs-of-global-banks-says-crypto-expert\/","title":{"rendered":"XRP Price Surge Tied to Liquidity Needs of Global Banks, Says Crypto Expert"},"content":{"rendered":"<div><img decoding=\"async\" src=\"https:\/\/www.crypto-news-flash.com\/wp-content\/uploads\/2024\/09\/DALL\u00b7E-2024-09-05-18.58.21-An-illustration-depicting-XRP-being-recognized-as-the-best-currency-for-international-transactions-by-the-World-Bank.-The-scene-features-a-symbolic-re.webp\" class=\"ff-og-image-inserted\"><\/div>\n<ul>\n<li><strong>As the XRP Price fails to surge past $0.60, institutional demand for liquidity, rather than retail speculation, could drive the next price surge.<\/strong><\/li>\n<li><strong>Ripple\u2019s 1,700-plus undisclosed partnerships with major banks and financial institutions, handling trillions in daily settlements, may significantly increase demand for XRP liquidity.<\/strong><\/li>\n<\/ul>\n<hr>\n<p><span>Ripple\u2019s XRP is at a critical juncture as bulls fiercely defend the $0.5785 support level. Moreover, they are eyeing potential breakouts at key resistance levels of $0.5920 and $0.600. While retail investors remain fixated on price charts, the real driver behind the XRP price surge could lie in the liquidity needs of major banks.<\/span><\/p>\n<h3>XRP Price Surge Tied To Bank Liquidity<\/h3>\n<p><span>In a detailed analysis shared on X (formerly Twitter), crypto analyst CryptoTank emphasized the limited role retail investors play in XRP price movements. He argued that institutional demand will be the real determinant of XRP\u2019s value. \u201cRetail doesn\u2019t matter, which is why retail doesn\u2019t move price much at all,\u201d the analyst noted.<\/span><\/p>\n<p><span>He suggested that the daily settlement requirements of banks and financial institutions are far more significant factors. For context, Ripple boasts over 1,700 undisclosed agreements with financial institutions, many of which are under non-disclosure agreements (NDAs).&nbsp;<\/span><\/p>\n<p><span>These agreements are believed to encompass some of the world\u2019s largest banks and financial institutions. These include names like Bank of America (BofA), SBI, JP Morgan, and Swift. According to CryptoTank, these institutions handle approximately $25-30 trillion in combined daily settlements. On the other hand, Ripple partners like SBI holdings have been driving major XRP adoption, <a href=\"https:\/\/www.crypto-news-flash.com\/ripple-news-sbi-holdings-joins-bis-led-project-agora-predicts-xrp-adoption-by-2025\/\" target=\"_blank\" rel=\"noopener\">reported<\/a> CNF.&nbsp;<\/span><\/p>\n<p><span>\u201cIf just 10% of that goes through XRP, that\u2019s $3 trillion on the ledger,\u201d he explained. The analyst further noted that banks will need \u201cdeep liquidity pools\u201d to ensure smooth transactions and prevent costly transaction failures.<\/span><\/p>\n<p><span>\u201cWhen a bank moves value to another for settlement, that will need DEEP liquidity pools to pull value from, or else the transaction could fail,\u201d he stated, highlighting the importance of liquidity depth in the success of XRP-based settlement systems.<\/span><\/p>\n<h3>Ripple Maintains A Huge Liquidity Pool<\/h3>\n<p><span>In practical terms, this means the liquidity pool must be at least double the value of the transactions to avoid friction and ensure counterparties are available. For the $3 trillion in daily settlements, this implies a liquidity pool of around $6 trillion. And this estimate covers just a few major institutions.&nbsp;<\/span><\/p>\n<p><span>Considering Ripple\u2019s 1,700-plus undisclosed partnerships, the actual liquidity demand could be much higher. \u201cThe numbers I gave are just an example of a few big ones. Imagine the size of the pool needed for them all,\u201d CryptoTank added.<\/span><\/p>\n<p><span>This massive demand for liquidity could, in turn, drive up the XRP price. It\u2019s because financial institutions require a steady supply of the token to facilitate seamless cross-border payments and settlements. Recently, the South Korean payment platform Surfy integrated XRP payments and <a href=\"https:\/\/www.crypto-news-flash.com\/ripple-news-south-koreas-surfy-enables-xrp-payments-real-world-utility-grows\/\" target=\"_blank\" rel=\"noopener\">reported<\/a> CNF.&nbsp;<\/span><\/p>\n<p><span>While much of the crypto market relies on technical analysis and price charts to predict future movements, CryptoTank argues that such methods are irrelevant to XRP. \u201cCharts don\u2019t matter because you can\u2019t chart utility and value\/volume these institutions will need, nor the depth of liquidity the pools need,\u201d he asserted.<\/span><\/p>\n<p><span>Currently, XRP is consolidating around crucial support and resistance levels with strong whale activity, per the CNF <a href=\"https:\/\/www.crypto-news-flash.com\/xrp-whale-on-the-move-massive-30m-transfer-sparks-curiosity\/\" target=\"_blank\" rel=\"noopener\">report<\/a>. Hence, the market\u2019s next big move could be driven by liquidity needs rather than speculative retail activity. If key resistance points are breached, bulls may push the price higher. Here, the major factor behind the surge will be the token\u2019s utility in settling large-scale institutional transactions.<\/span><\/p>\n<hr>\n<h6>Recommended for you:<\/h6>\n<div class=\"tve-leads-shortcode tve-leads-triggered tve-tl-anim tl-anim-instant tve-leads-track-shortcode_228374\">\n<div class=\"tl-style\" id=\"tve_tcb2_set-001\" data-state=\"50\" data-form-state>\n<div class=\"tve-leads-conversion-object\" data-tl-type=\"shortcode_228374\">\n<div class=\"tve_flt\">\n<div id=\"tve_editor\" class=\"tve_shortcode_editor\">\n<div class=\"thrv-leads-form-box tve_no_drag tve_no_icons thrv_wrapper tve_editor_main_content thrv-leads-in-content tve_empty_dropzone\" data-css=\"tve-u-185a09262cb\">\n<div class=\"thrv_wrapper thrv_text_element\">\n<p data-css=\"tve-u-185a09262d4\"><span data-css=\"tve-u-185a09262d5\">&nbsp; &nbsp; &nbsp; &nbsp; &nbsp; No spam, no lies, only insights. You can unsubscribe at any time.<\/span><\/p>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<p><a href=\"https:\/\/www.crypto-news-flash.com\/\">Source<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>As the XRP Price fails to surge past $0.60, institutional demand for liquidity, rather than retail speculation, could drive the next price surge. Ripple\u2019s 1,700-plus undisclosed partnerships with major banks and financial institutions, handling trillions in daily settlements, may significantly increase demand for XRP liquidity. Ripple\u2019s XRP is at a critical juncture as bulls fiercely [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":462372,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[10,11],"tags":[25,101,102,528],"class_list":{"0":"post-462371","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-other","8":"category-ripple","9":"tag-news","10":"tag-ripple","11":"tag-xrp","12":"tag-xrp-price"},"_links":{"self":[{"href":"https:\/\/e-bitco.in\/index.php\/wp-json\/wp\/v2\/posts\/462371","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/e-bitco.in\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/e-bitco.in\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/e-bitco.in\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/e-bitco.in\/index.php\/wp-json\/wp\/v2\/comments?post=462371"}],"version-history":[{"count":0,"href":"https:\/\/e-bitco.in\/index.php\/wp-json\/wp\/v2\/posts\/462371\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/e-bitco.in\/index.php\/wp-json\/wp\/v2\/media\/462372"}],"wp:attachment":[{"href":"https:\/\/e-bitco.in\/index.php\/wp-json\/wp\/v2\/media?parent=462371"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/e-bitco.in\/index.php\/wp-json\/wp\/v2\/categories?post=462371"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/e-bitco.in\/index.php\/wp-json\/wp\/v2\/tags?post=462371"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}