In his view, XRP needs to reach a high and stable market cap before institutions will feel comfortable moving significant capital into it. “If you have a huge market cap for XRP, something much higher than people can comprehend, it will be very difficult to move that price with the inflows or outflows,” Claver said.
“They’re doing treasury management at this point, so if they did want people to hold RLUSD and be able to generate a return on, that’d be great,” Claver said.
According to Claver, these developments form part of the broader Ripple One product stack. “They’re in a very unique position to capitalize on this,” he said.
Featured image from Shutterstock, chart from TradingView
