Despite legal clarity from court wins over the SEC, XRP's price stagnates due to limited active use in transactions, as highlighted by analyst 'Crypto Tank'. Active engagement of only 20% of XRP’s supply directly affects its market movement.
The misconception around circulating supply, with significant portions held by 'Whales' in private wallets, further contributes to the sluggish price performance and limits its liquidity in the market.
The analyst emphasizes that the extensive liquidity needed for global transactions also holds back XRP's price. For a substantial price hike, like reaching $500, XRP would need broad adoption akin to SWIFT for comprehensive global settlements.
Thus, mere increases in retail investment or market cap aren’t sufficient; deep liquidity enabling large institutional transactions is crucial for significant price surge.
