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London Fund Manager Explains Why XRP Price Isn’t Rising Despite Adoption from Banks
London Fund Manager Explains Why XRP Price Isn’t Rising Despite Adoption from Banks
March 17, 2025
XRP
The XRP price action has continued to puzzle investors, with many questioning why it hasn’t surged despite growing institutional use. Notably, XRP is trading at $2.33, down 2.54% over the past day and 20% in the last eight weeks.
Why XRP Price Isn’t “Moving”
DigitalG, a former City of London fund manager, took to X to address the concerns emanating from this downtrend. He suggested that the answer to XRP’s price performance lies in Ripple’s two-ledger system. This refers to the company’s simultaneous use of the public XRP Ledger (XRPL) and a private version used by banks. According to DigitalG, financial institutions may be acquiring large volumes of XRP through the private ledger. This ledger caters to Central Bank Digital Currencies (CBDCs) services and institutional payments. Unlike the public XRPL, this private ledger operates with restricted access, controlled visibility, and centralized governance, potentially keeping transactions off the open market. DigitalG claims that this distinction could be masking the true value of XRP, as institutional demands do not reflect in public exchange prices. “Some regulators could suggest it is fraudulent to conceal the true price of an asset,” he warned. Meanwhile, a community member challenged this view, arguing that XRP’s price isn’t particularly impressive because so many retail investors hold it. According to him, XRP “was never really designed for small investors to hold.” This commentator suggested that institutions would first try to price out retail investors before sending XRP’s price soaring. In response, DigitalG asked the commentator to imagine selling an asset for $2.30 when its true value was actually $15,840—yet that value was concealed from the general public.
Ripple’s Private Ledger and XRPL “to Merge” and Boost XRP Price
Meanwhile, in his commentary, DigitalG speculated that the private ledger Ripple controls and the public XRP Ledger will merge on July 14, which, in his view, could drive a significant market shift for XRP. However, this bold claim has raised eyebrows among community members, particularly as it carries a specific date for implementation. Meanwhile, DigitalG failed to provide a reliable source to back the claim. When pressed for the source, DigitalG cited a reference that suggests the Fedwire Funds Services will implement ISO 20022 on the said date. How this specifically relates to Ripple and the XRP Ledger remains unclear, and community members have noted this misalignment.
This is for Fedwire not Fednow. Look up the difference and get back to us.
— Let’sGo12 (@LetsGo7777) March 16, 2025
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