XRP Price May Be Suppressed by Global Financial Institutions

The price of XRP has been stagnant for years, despite its potential as a settlement layer in a redesigned global financial system. A researcher has proposed that this may be due to deliberate price suppression by major financial institutions.

The theory is based on an analysis of documents from Citibank and the Bank for International Settlements (BIS), which suggest that XRP could play a key role in replacing correspondent banking and Swift entirely. The BIS has described a unified ledger that would replace correspondent banking, while Citibank has referred to a Regulated Liability Network.

The researcher argues that these concepts are the same thing, and that they point to XRP's potential as a settlement layer. This could have significant implications for the cryptocurrency market, particularly if it is true that major financial institutions are working together to manage the price of XRP.