- Ripple Partnerships with Major Banks
- Integration Issues and Impact on XRP Price
- Prospects of Full Integration and Predictions
Analyst SMQKE highlights key aspects of Ripple technologies used by major banks and their impact on the XRP market. He argues that full integration could significantly boost the asset's price.
Ripple Partnerships with Major Banks
Analyst SMQKE points out several partnership agreements between Ripple and 'systemically important financial' institutions such as Santander, Bank of America, and Standard Chartered. According to a Ripple-Russia document, these banks are operating in test mode.
Integration Issues and Impact on XRP Price
SMQKE explains that the XRP's price struggle is partly linked to major banks not fully integrating Ripple technologies into their daily activities. He argues that this lack of full integration is a significant barrier to the asset's price increase.
Prospects of Full Integration and Predictions
SMQKE believes that the end of the test phases will lead to the full adoption of Ripple technologies, which will drive significant demand for XRP and its price increase. Currently, XRP trades at $0.57, having decreased by 0.08% in the last 24 hours.
In conclusion, full-scale integration of Ripple technologies by major banks could be a key factor in the rise of XRP's price, despite current challenges and legal issues.
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