XRP Price Fails to Keep Pace with Adoption Momentum
XRP's price has declined by 7% in a week despite significant adoption news. The XRP Ledger has secured a foothold in Brazil's financial infrastructure, with CSD BR recording ownership of selected BTG Pactual investment funds on XRPL.
CSD BR oversees more than $4 trillion of registered assets and is using XRPL as a second record for ownership changes. However, the $4 trillion itself is not moving on-chain, and XRP remains nearly 10% below its September 23 intraday high near $1.66.
Veteran trader Peter Brandt noted that just because something is transactional does not mean it automatically becomes more valuable. Despite this, institutional demand for XRP exposure is evident, with US spot XRP ETFs drawing another $3.96 million on Monday after taking in $22.65 million the previous Friday.