300 Banks Use RippleNet, But XRP Transaction Volume Is Falling: What Gives?

• XRP’s transaction measurement continues declining adjacent arsenic RippleNet expands to implicit 300 banking partners.

• Banks usage RippleNet’s infrastructure without requiring XRP due to the fact that the token remains optional for settlement.

• Three XRP ETFs launched successful November with beardown inflows but created nary on-chain enactment increase.

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XRP's (CRYPTO: XRP) adoption communicative looks beardown connected paper. Ripple works with much than 300 banks, its outgo web keeps expanding, and regulatory conditions are clearer than they've been successful years.

XRP ETFs from Canary Capital, Franklin Templeton, and Grayscale launched successful November, giving institutions regulated entree that didn't beryllium before. Yet XRP's transaction measurement keeps slipping, adjacent arsenic RippleNet grows. The network's getting bigger, but enactment connected the ledger isn't matching the headlines.

That spread raises a superior question for traders and institutions: Why is XRP usage falling portion RippleNet keeps expanding?

XRP's past six months amusement crisp optimism followed by dependable cooling. July opened with a beardown propulsion toward $3.57 arsenic traders positioned up of expected ETF launches. Volume jumped, positioning turned bullish, and XRP held adjacent $3 done precocious August.

Through September and October, whale selling pushed XRP down to the mid-$2 range. Attempts to reclaim spot faded arsenic liquidity thinned.

November brought 3 large XRP ETF launches. Canary Capital debuted November 13 with grounds $59 cardinal first-day measurement and $245 cardinal successful assets. Franklin Templeton and Grayscale followed November 24, adding credibility but not contiguous demand. Inflows moved softly done advisor channels, and XRP stayed betwixt $2.00 and $2.40. Strong headlines proceed appearing, but on-chain enactment hasn't followed.

RippleNet keeps expanding, but that maturation hasn't lifted XRP’s activity. The reason's simple: banks tin usage RippleNet's messaging and colony tools without touching the token.

Many of the 300 institutions trust solely connected the network's infrastructure layer, treating Ripple similar a accepted payments supplier alternatively of utilizing XRP arsenic liquidity. Even successful corridors wherever On-Demand Liquidity runs, XRP moves done the strategy for lone a fewer seconds earlier converting to the destination currency. That creates ratio but not sustained on-chain volume.