Adoption vs Price: Why XRP Is Struggling to Break Through
XRP's price has been lagging behind its adoption headlines, currently trading at $1.49 despite significant interest from financial institutions.
CSD BR, which oversees over $4 trillion in registered assets, has started using the XRP Ledger to record ownership of selected BTG Pactual investment funds.
This development is seen as a major milestone for XRP adoption, but its impact on the token's price remains unclear.
US spot XRP ETFs have been experiencing steady inflows, with $3.96 million added last Monday, while Bloomberg Intelligence analyst James Seyffart described these flows as 'surprisingly resilient'.
However, despite this institutional demand and adoption, XRP's price has struggled to break through the $1.55-$1.60 resistance level, currently sitting around 10% below its September 23 intraday high of $1.6556.