XRP Adoption Surges Past $4 Trillion as Price Fails to Reflect
XRP's price has been struggling to keep up with its growing adoption. The token hovered around $1.49 on Thursday, despite securing a foothold in Brazil's financial infrastructure.
CSD BR, which oversees more than $4 trillion of registered assets, has begun recording ownership of selected BTG Pactual investment funds on XRPL.
The $4 trillion itself is not moving on-chain, and XRP remains almost 10% below its September 23 intraday high near $1.66.
Veteran trader Peter Brandt captured the investment problem in comments to Cointelegraph this week: 'Just because something is transactional, that doesn't mean automatically that it must be more valuable.'
Institutional demand for XRP exposure is not merely theoretical, with US spot XRP ETFs drawing another $3.96 million on Monday.