Here’s the full case for XRP’s status as a good, long-term bet
XRP’s fate has remained uncertain, largely due to the lengthy SEC lawsuit against Ripple Labs. However, this provides a chance to evaluate the kind of opportunity that XRP’s subdued price performance has to offer.
What if the lawsuit is the worst-case scenario for Ripple and what would a best-case scenario look like? Fortunately, it is not that hard to imagine, thanks to the robust growth that Ripple’s ODL service has achieved since its launch. Ripple is strategically positioned to improve the traditional finance system. ODL was designed to facilitate faster and cheaper transactions in the remittance and banking industry through blockchain tech.
According to an analyst called Anderson (@X__Anderson), ODL might be the secret weapon behind XRP’s robust growth in the future. He recently highlighted the robust sales that ODL achieved between Q2 2021 and Q2 2022 as a sign of what is to come in the future.
<p lang=«en» dir=«ltr» xml:lang=«en»>I believe the current ODL volume is underrated, since such increase is exponential. We know Ripple had an average of $23 million per day in ODL-related sales last quarter.Q2 2021 to Q2 2022 (one year), it went from $158 million to $2.1 Billion, more than 10x in a year.$XRP pic.twitter.com/DDZnyPuufZ
— Anders
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