Here’s Why XRP Price Has Not Benefited From Bank Partnerships

Crypto researcher SMQKE recently addressed the ongoing debate surrounding XRP’s price movement about bank partnerships.

Referencing documented evidence, SMQKE reiterated that major financial institutions, including Santander, Bank of America, and Standard Chartered, have yet to fully integrate Ripple’s technology into their daily operations.

This clarification helps explain why XRP has not yet experienced significant price appreciation despite its association with global banks.

SMQKE emphasized that these institutions still operate in a test mode rather than utilizing Ripple’s solutions at scale. This distinction is crucial in understanding why bank partnerships alone have not yet influenced XRP’s value in the market.

According to the researcher, “Major banks partnered with Ripple, including Santander, Bank of America, and Standard Chartered, are still in test mode, meaning they haven’t fully integrated Ripple’s technology into daily operations. This explains XRP’s stagnant price.” The expectation is that full-scale adoption, once implemented, will generate the demand necessary to drive price increases.

Confirmation from Previous Reports

Supporting this argument, an older post from Ripple-related sources highlighted that the company had been working with over 100 banks, though in a testing phase. A shared excerpt from the documentation noted, “Works in test mode with more than 100 banks: Santander, Bank of America, Axis Bank, Standard Chartered, etc.” This suggests that while partnerships are in place, they have not yet translated into widespread implementation.

In addition, a 2017 post from Ripple’s Chief Technology Officer, David Schwartz, was brought into the discussion. The post addressed the hesitation around large-scale adoption, stating, “The main limiting factor right now is everyone having enough confidence that the system is going to work correctly that they’re willing to flip the switch and let it make large, irreversible payments without intervention.” This suggests that banks and financial institutions require additional assurance before moving from testing to full deployment.

Investor Sentiment and Future Outlook

SMQKE further pointed out that investor sentiment remains cautious, as regulatory clarity and live implementation are necessary steps before XRP can see meaningful price movement. The post stated, “Investors remain in ‘wait-and-see’ mode, awaiting regulatory clarity and live implementation.”

SMQKE’s discussion highlights why XRP has not seen a significant price increase despite high-profile partnerships. The crucial factor remains the transition from testing to full-scale implementation. Until then, institutional adoption has yet to influence XRP’s price meaningfully.

Disclaimer: This content is meant to inform and should not be considered financial advice. The views expressed in this article may include the author’s personal opinions and do not represent Times Tabloid’s opinion. Readers are urged to do in-depth research before making any investment decisions. Any action taken by the reader is strictly at their own risk. Times Tabloid is not responsible for any financial losses.

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