Are Contracts Between Financial Institutions and Ripple Responsible For Holding XRP Below $1?

Ripple’s XRP is still recording prices below $1 despite being the third largest altcoin in the crypto market. We can see a whole variety of Altcoins surprising investors thanks to the amazing runs they are making, while XRP’s price just seems to keep its stability, not even reaching the $0.50 mark.

The interest in Revolutionizing the Banking Sector

Ripple Developers always explained that their main objective is to revolutionize the banking sector. Something that proves to be sailing in the right direction. News about financial institutions and banks with interest in using Ripple’s services are coming up on a regular basis.

But, there is a catch here: The banks and big institutions, with the interest of using XRP for liquidity, make the purchases through the OTC market (Over the Counter), keeping the major exchanges aside, where the supply-demand rule is the one making the prices.

This way of negotiation also keeps aside some of the products and services that Ripple has to offer, such as xCurrent and xVia, that or not being used at all when this kind of transactions are initiated.

Although this can’t be seen as something unethical, we also need to take a look at the Bigger Picture: