Satoshi

when

Chad

<p>A simple yet crucial factor, the lack of significant new money net inflow, is responsible for the current price of <a href="https://coinmarketcap.com/currencies/xrp/" target="_blank" rel="noopener noreferrer nofollow">Ripple (XRP)</a>. According to <a href="https://twitter.com/ChadSteingraber/status/1790535580721312098" target="_blank" rel="noopener noreferrer nofollow">Chad Steingraber</a>, an artist and an analyst, the price of XRP is not being driven up due to insufficient fresh capital entering the market.</p>
<h2 class="wp-block-heading" id="utility-a-net-neutral-attribute-for-now">Utility: A Net Neutral Attribute (For Now)</h2>
<p>Steingraber argues that utility, as of today, is a net neutral attribute when it comes to XRP’s price. This means that the current level of utility is not directly contributing to an increase in price. However, the analyst suggests that this will change in the future.</p>
<p>In the absence of a new net inflow, XRP’s price relies on existing crypto market money moving from other assets into <a class="wpil_keyword_link" href="https://captainaltcoin.com/ripple-xrp-price-prediction/" title="XRP" data-wpil-keyword-link="linked" target="_blank" rel="noopener noreferrer nofollow">XRP</a>. This typically occurs when fear of missing out (FOMO) kicks in, and investors chase green candles. If this dynamic remains net neutral indefinitely, XRP’s price would never appreciate.</p>
<h2 class="wp-block-heading" id="cryptocurrencies-vs-stocks-different-valuation-mechanisms">Cryptocurrencies vs. Stocks: Different Valuation Mechanisms</h2>
<p>Understanding that cryptocurrencies like XRP are not stocks and do not have an underlying cash flow that charts can track to naturally increase their price is essential.</p>
<p>Market sentiment and adoption primarily drive the value of cryptocurrencies, unlike stocks, which can be based on financial metrics and company performance.</p>
<div class="wp-block-rehub-colortitlebox rh-colortitlebox" style="text-align:left;border-radius:5px;box-shadow:0 10px 10px #00000007;background-color:#fafafa;color:">
 <div class="rh-colortitle-inbox" style="background-color:var(--rehub-main-color);color:#fbfbfb;border-radius:5px 5px 0 0"><i class="rhicon rhi-bolt-regular rh-colortitlebox-icon" style="color:"></i>
  <div class="rh-colortitle-inbox-label">
   New Meme Coin to Watch Aiming to be Next $BONK, $WIF or $MEW
  </div>
 </div>
 <div class="rh-colortitlebox-text">
  <style scoped>.rh-toggler-open{height:auto !important}
.rh-toggler-open .rh-tgl-show, .rh-toggler-open .rh-tgl-grad{display:none !important}
.rh-toggler-open .rh-tgl-hide{display:block !important}
.rh-tgl-show, .rh-tgl-hide{cursor:pointer}
.rh-contenttoggler *{box-sizing: border-box !important}
.rh-toggler-wrapper{overflow: hidden;transition: all 0.5s ease; padding-bottom: 35px; margin-bottom:30px;box-sizing: content-box !important;position: relative;}
.rh-toggler-wrapper p:last-of-type {margin-bottom: 0;}</style>
  <div class="wp-block-rehub-contenttoggler rh-contenttoggler" data-height="100px">
   <div class="rh-toggler-wrapper" style="height:100px">
    <p><strong><a href="https://mileimoneda.io/?utm_source=marketing&amp;utm_medium=inarticle&amp;utm_campaign=cap&amp;utm_id=s1" target="_blank" rel="noopener noreferrer nofollow">Milei Moneda</a></strong> is a new meme coin inspired by the political and economic views of Javier Milei, an Argentine president&nbsp;known for his libertarian and pro-Bitcoin stance. You have an opportunity with the <strong><a href="https://mileimoneda.io/?utm_source=marketing&amp;utm_medium=inarticle&amp;utm_campaign=cap&amp;utm_id=s1" target="_blank" rel="noopener noreferrer nofollow">ongoing low presale price</a></strong> to get in early!</p>
    <p><em>Sponsored</em></p> <span class="rh-tgl-trigger" style="text-align:center;position:absolute;z-index:2;bottom:0;left:0;width:100%;color:"><span class="rh-tgl-show" style="display:block">Show more +</span><span class="rh-tgl-hide" style="display:none">Show less –</span></span><span class="rh-tgl-grad" style="background-image:linear-gradient(to bottom,rgba(255,255,255,0) 0,#ffffff 100%);display:block;position:absolute;height:100px;bottom:0;left:0;z-index:1;width:100%"></span>
   </div>
  </div>
 </div>
</div>
<h2 class="wp-block-heading" id="two-key-factors-for-short-term-price-appreciation">Two Key Factors for Short-Term Price Appreciation</h2>
<p>Steingraber identifies two crucial factors that need to occur in the short term for XRP’s price to rise:</p>
<ol>
 <li><strong>Reduction of Public Supply from Exchanges</strong>: As more institutions begin to utilize XRP for its utility, the demand for the token will increase. This increased demand will lead to XRP being taken out of public exchanges and held in private liquidity hubs, reducing the available supply in the market.</li>
 <li><strong>New Money Entering XRP</strong>: Any method that brings new money into the XRP ecosystem will contribute to price appreciation. An ideal scenario would be the approval of an XRP solo spot exchange-traded fund (ETF). However, even the introduction of Bitcoin (BTC) ETFs can indirectly benefit XRP, as BTC holders may sell profits and rotate into altcoins like XRP.</li>
</ol>
<p><strong><em>Read more:&nbsp;<a href="https://captainaltcoin.com/roaring-kitty-triggers-competition-between-cat-and-doge-themed-coins-analyst-shares-top-5-cat-meme-coins-to-watch/" target="_blank" rel="noopener noreferrer nofollow">Roaring Kitty Triggers Competition Between Cat and Doge-Themed Coins: Analyst Shares Top 5 Cat Meme Coins To Watch</a></em></strong></p>
<h2 class="wp-block-heading" id="the-path-forward-2025-and-beyond">The Path Forward: 2025 and Beyond</h2>
<p>Steingraber believes that these short-term goals will drive XRP’s price through 2025 in the current bull run that is just beginning. The analyst suggests that the period from 2026 to 2030 represents a new frontier for XRP and the broader cryptocurrency market.</p>
<p>As utility continues to grow and new investment vehicles emerge, the demand for XRP is expected to increase, leading to a reduction in public supply and an influx of new money. These factors, combined with the overall growth and maturation of the cryptocurrency market, could potentially drive price appreciation for XRP in the coming years.</p>
<p><em><strong>Hunting for a small cap coin that could explode 10x? We’ve unveiled a few last week alone.<br>Get all our future calls by joining our <a href="https://t.me/captainaltcoincom" target="_blank" rel="noopener noreferrer nofollow">FREE Telegram community.</a></strong></em></p>
<div class="bigofferblock margincenter mb30 pt20 pl20 pr20 " style="">
 <div class="col_wrap_two mb0">
  <div class="offerbox_big_wrap flowhidden">
   <div class="image position-relative text-center col_item mobileblockdisplay img-maxh-350 img-width-auto"><a class="re_track_btn" href="https://captainaltcoin.com/go/ll_bottom/" target="_blank" rel="noopener noreferrer nofollow"> <img decoding="async" class="lazyload" data-skip-lazy="" data-src="https://captainaltcoin.com/wp-content/uploads/thumbs_dir/REBEL-SATOSHI-RECQ-MEME-COIN-qndahijqjwle5mml7gg8my30uqig0eo11vxmtat25a.png" width="500" alt="Check $RECQ Meme Coin" src="https://captainaltcoin.com/wp-content/themes/rehub-theme/images/default/blank.gif"> </a>
   </div>
   <div class="product-summary col_item mobileblockdisplay">
    <h3 class="product_title entry-title font150 lineheight25 mb30" id="a-class-re_track_btn-href-https-captainaltcoin-com-go-ll_bottom-target-_blank-rel-noopener-noreferrer-nofollow-span-check-recq-meme-coin-span-a"><a class="re_track_btn" href="https://captainaltcoin.com/go/ll_bottom/" target="_blank" rel="noopener noreferrer nofollow"> <span>Check $RECQ Meme Coin</span> </a></h3>
    <div class="rev_disclaimer font70 greencolor lineheight15 mb20">
     Sponsored: Invest Responsibly, Do Your Own Research.
    </div>
    <div class="buttons_col mb25 rh_big_btn_inline">
     <div class="priced_block clearfix">
      <div><a class="re_track_btn btn_offer_block" href="https://captainaltcoin.com/go/ll_bottom/" target="_blank" rel="noopener noreferrer nofollow"> Buy RECQ Today </a>
      </div>
     </div>
    </div>
    <div class="bigofferdesc"><i class="vertmiddle mr10 rhicon rhi-check-circle-solid greencolor font130"> </i>Serves as the base currency for all transactions within the Rebel Satoshi platform <br><i class="vertmiddle mr10 rhicon rhi-check-circle-solid greencolor font130"> </i>ICO stage, offering tokens at a discounted price <br><i class="vertmiddle mr10 rhicon rhi-check-circle-solid greencolor font130"> </i>Facilitates a smooth and efficient economy within the arcade, supporting both arcade and in-game transactions. <br><i class="vertmiddle mr10 rhicon rhi-check-circle-solid greencolor font130"> </i>Grants access to a diverse range of gaming experiences in the Rebel Satoshi Arcade, <br><i class="vertmiddle mr10 rhicon rhi-check-circle-solid greencolor font130"> </i>Contributes to a decentralized, community-driven RebelSatoshi platform that integrates gaming with elements of revolution, freedom, and unity, appealing to users who value such principles.
    </div>
   </div>
  </div>
 </div>
</div>
<p>The post <a href="https://captainaltcoin.com/crypto-analyst-explains-reason-for-ripples-lackluster-performance-identifies-what-could-drive-xrp-price-higher/" rel="noopener noreferrer nofollow">Crypto Analyst Explains Reason for Ripple’s Lackluster Performance, Identifies What Could Drive XRP Price Higher</a> appeared first on <a href="https://captainaltcoin.com" rel="noopener noreferrer nofollow">CaptainAltcoin</a>.</p>

Crypto Analyst Explains Reason for Ripple’s Lackluster Performance, Identifies What Could Drive XRP Price Higher

Table of Contents

CaptainAltcoin

Other articles published on May 15, 2024

Crypto Investors Lose Appetite Due to Prolonged Negativity

Investor Borong 70.000 BTC Jelang Data Inflasi AS, Ada Apa?

Ric Edelman Anticipates Bitcoin Surge

Lido Co-Founders Funding EigenLayer’s Rival: Pointing DeFi Battle?

WLD Price Soars 6% As Worldcoin Launch SMPC Erasing Iris Codes

Analysts Anticipate Bitcoin’s Future Trends

Join our free newsletter for daily crypto updates!