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Chad Steingraber Explains Why XRP Lags despite Ripple’s Partnerships
Chad Steingraber, a professional game developer has provided explanations why XRP, the cryptocurrency associated with Ripple Labs Inc, is underperforming despite recent partnerships and payment utility.
XRP’s Trading Volume Decreases
As of the latest CoinMarketCap data, XRP is trading at $0.4924, representing a 1.7% increase in the past day, with its market capitalization standing at $27 billion. The trading volume is down by 34.9% to $1.5 billion, indicating dwindling interest from investors.
According to Steingraber, one main reason for XRP’s underperformance is that the cryptocurrency is primarily traded Over-The-Counter (OTC) rather than on public exchanges such as Binance Holdings Ltd and Kraken.
The reason #XRP price is not affected by today’s partnerships and ODL/Payments utility use described below:
ALL use of #XRP globally today is essentially OTC trading that does not touch p
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