Analysis shows that XRP's price remains stable despite numerous bank partnerships, as many of these partnerships are still in test mode.
Major Bank Partnerships
Researcher SMQKE pointed out that although financial institutions like Santander and Bank of America have partnered with Ripple, they have yet to fully integrate Ripple’s technology into their daily operations. This explains why XRP has not seen significant price appreciation.
Confirmation from Previous Reports
Earlier Ripple-related reports indicated that the company was working with over 100 banks, including Axis Bank and Standard Chartered, but also in a testing phase. Ripple CTO David Schwartz previously mentioned the importance of confidence in the system for transitioning to full deployment.
Investor Sentiment and Future Outlook
SMQKE emphasized that investor sentiment remains cautious, as regulatory clarity and live implementation are necessary steps before XRP can see meaningful price movement.
Without full implementation of Ripple technology by major banks, XRP is unlikely to see significant price increases. The key step will be moving from testing mode to widespread adoption.
