Pundit Explains Why XRP Can Reach $100 or $1000
Main Idea
Crypto enthusiast Happy Daddy argues that XRP could reach $100 or $1000 due to Ripple's On-Demand Liquidity (ODL) system, which recycles XRP tokens for high-frequency liquidity operations, and institutional adoption.
Key Points
1. Happy Daddy refutes the claim that XRP cannot reach high valuations, citing Ripple's ODL system as a key factor enabling sustained liquidity.
2. XRP is reused every few seconds in ODL operations, allowing a single token to facilitate multiple transactions, which supports high-volume adoption.
3. Institutional adoption and custodial integration, including self-custodied liquidity pools, could further embed XRP into financial systems.
4. Amendment XLS-30 introduces automated market maker (AMM) functionality to the XRP Ledger, enhancing liquidity access for institutions and retail users.
5. Ripple is working on a unified liquidity framework, integrating decentralized exchange (DEX) liquidity into ODL operations, as confirmed by CTO David Schwartz.
Description
Crypto enthusiast Happy Daddy has challenged a recurring claim within the digital asset community that XRP cannot reach high valuations—such as $100 or $1,000—because widespread selloffs would collapse the price due to a lack of liquidity. In a recent tweet accompanied by a video explanation, he argued that this reasoning is flawed when the full scope of Ripple’s On-Demand Liquidity (ODL) infrastructure is taken into account. He began by acknowledging the common assertion: that if XRP’s price we...
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