Ripple (XRP) is a unique cryptocurrency and, therefore, an ambitious cryptocurrency. Ripple began its journey by cementing its foothold in the cross-border payment domain, gradually gaining sector awareness and growth through strategic planning and layout. Over time, XRP has established prominent global collaborations and partnerships. However, token progress appears to be slow given its importance in international financial markets. What are the factors that hinder XRP prices and prevent it from adopting them? Let’s look into it.
Surge in XRP prices and bearish trends that hinder its adoption
1. I’m struggling to gain global momentum
Ripple (XRP) is undoubtedly one of the most promising cryptocurrencies in the space. However, despite the banks building connections with nearly 300 banks, the tokens have failed to scale due to low on-chain usage. Similar sentiments were reflected by Ripple’s CTO David Schwartz. He shared that Ripple’s mainstream adoption still does not explore a deeper and broader perspective.
“Ripple has over 300 bank partnerships, but in 13 years, shouldn’t there be billions in the volume of their daily chain?” I think there are a number of reasons why institutions have historically preferred to use off-chain digital assets rather than on-chain. I think we’ve changed that as agencies are beginning to see the benefits of moving on-chain. But I agree it was very late. Even Ripple cannot use XRPL DEX for payments, as they are not sure if terrorists will not provide payment liquidity. Features such as permitted domains address this. ”
2. Banks are reluctant to embrace new technologies
It is difficult to beat traditional elements while checking and keeping all risk markers in place. Traditional banks and institutions have traditionally been already fixed to implement financial procedures and cannot extend support to new methods, particularly Ripple (XRP) practices. This is also one of the reasons XRP prices and adoption is suffering, waiting to reach the new mark first.
“Geopolitical risk. Why do foreign countries trust the payment networks of US-based private companies?” If you are asking about XRPL, it is not really based on us. We have never discriminated against any particular participants. I hope that if it started, people will stop using it. When it comes to Ripple’s enterprise payment products, there are individually licensed entities in many jurisdictions. But obviously you are not going to see it in North Korea or Cuba anytime soon. And in some cases, there may be pushbacks to US companies that have some control over payments between Pakistan and Saudi Arabia, for example. We build trust and create hay where the sun shines. ”
3.Stablecoins can hurt XRP
Stablecoins is beginning to seriously compete with XRP in the global payment and transfer domain. These coins are locked into a safer and more stable Fiat currency, which will help you solve liquidity and volatility issues. Meanwhile, XRP is still at the forefront of transformation, fighting the crisis of identity, pushing it into more volatile waters, preventing price hikes and adoption.
“Ripple has over 300 bank partnerships, but in 13 years, shouldn’t there be billions in the volume of our daily chain?”
I think there are a number of reasons why institutions historically preferred to use chain digital assets rather than chains. I think we’re close to changing…
– David “Joelkatz” Schwartz (@Joelkatz) July 30, 2025
