- Mickle believes Ripple’s ODL could drive investors to collect XRP and boost its demand.
- Ripple’s 1,700 NDAs financial Institutions are supporting XRP in order to expand its commercial use.
Recently, Mickle the wealth adviser released a video. expressed He shares his views on Ripple’s ODL and future of XRP. Mickle is not a skeptic. He believes ODL, and its related operations, will make it more difficult for market-makers to hold XRP. This could drive up the price.
ODL will increase the price of XRP *FACT* pic.twitter.com/6TcaU0vu64
— mickle (@xrpmickle) August 23, 2024
Price rises could be attributed to a rising demand for XRP among market makers
Market makers are responsible for facilitating ODL transactions and must have XRP on hand to keep up with market demands. The demand for ODLs is increasing as the global ODL transaction volume increases. XRP The tokens are increasing in number among the market makers.
It is anticipated that the price will rise as a result of increased demand combined with limited supplies.
Crypto Ery, an advocate of Ripple, also commented on Ripple’s answer in the SEC cases documents. He claimed that ODL has a price-neutral nature. Bob Way, he said, had left Ripple prior to the ODL being transferred into a Ripple managed wallet.
CNF, on the other hand reported Ripple has signed over 1,700 Non-Disclosure Agreements (NDAs). financial With the help of financial institutions, XRP can be sent to counterparties under contract in a range of commercial activities.
The Ripple Token is currently trading at around $0.6019The ‘down 2.14% The price of the dollar has dropped to $0.610 in the past 24 hours, after briefly reaching that level. Daily trade volume has reached $1.265 billion.
Our prior experience is also a great way to begin. report highlighted that an analyst forecasted a potential breakout for XRP, which might spark bullish momentum not seen since 2016–2017, perhaps boosting the token’s price above $200.
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