Crypto researcher SMQKE has drawn the crypto community’s attention to a Ripple document, which reveals what could serve as catalysts for the XRP price to rally higher. This comes as the crypto firm expands its operations, which is bullish for the altcoin. 

Ripple Document Comments On What Could Send the XRP Price Higher

In an X post, SMQKE shared the Ripple document, which noted that the XRP price is likely to appreciate further as demand for it increases. The crypto firm believes that this demand will increase as its payment services become widely adopted. XRP plays a crucial role in Ripple’s operations as the crypto firm processes these payments through the XRP Ledger (XRPL). 

Ripple further noted that XRP must provide some utilities to its holders for there to be long-term organic demand as opposed to purely speculative demand. The crypto firm stated that the altcoin provides two utilities by fulfilling two functions of security and serving as a bridge currency. The coin serves these functions as the native token of the XRPL, and so, the XRP price could rally higher as more users adopt the network. 

Furthermore, the Ripple document alluded to the Go to Source to See Full Article
Author: Scott Matherson