XRP Price Hinge on Builders and Devs, ODL Transactions Stay Neutral
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Delve into the intricacies of On-Demand Liquidity (ODL) transactions and Ripple's promotional efforts to decipher their influence on XRP's market performance.
On-Demand Liquidity (ODL) transactions play a crucial role in the cryptocurrency market. ODL facilitates instant cross-border payments by using XRP as a bridge currency. These transactions are demand-neutral, meaning they involve the simultaneous purchase and sale of the exact amount of XRP, thus not directly impacting its price.
Ripple, a leading blockchain company, actively promotes its products, including ODL, as part of its business strategy. However, recent data analysis suggests that XRP purchasers do not rely solely on Ripple’s efforts for their investment decisions.
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