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Official Ripple Document Surfaces Online, Revealing What Will Drive The XRP Price Higher
A recent official Ripple document has surfaced online, shedding light on the factors that could potentially drive the price of XRP higher. This comes as the crypto firm continues to expand its operations and make significant strides in the traditional finance (TradFi) space.
According to a recently shared Ripple document, it is believed that demand for XRP will increase as its payment services become more widely adopted. As XRP plays a crucial role in Ripple’s operations by facilitating these transactions on the XRP Ledger (XRPL), the altcoin’s price could rally higher as more users come aboard.
The document also highlights the importance of XRP providing long-term organic demand to its holders, as opposed to purely speculative demand. This is accomplished through the coin serving two key functions: security and serving as a bridge currency for Ripple’s payment services.
Source: bitcoinist.com
