Can XRP Become the New Favorite for Institutional Payments? The $1.3 Billion Order and 500% Growth Behind It

【CryptoWorld】XRP current price is $2.03, down 2.3% this week, but the story behind it might be more interesting than the price movement.

Recent analysis reports indicate that Ripple’s deployment in the payment infrastructure sector is accelerating. On-demand liquidity products are expected to handle $1.3 billion in transactions in Q2 this year, serving over 300 institutions — this is no small number. Keep in mind, these are not retail investors, but real institutions involved in international settlements.

After the SEC case was settled, the confirmation of XRP’s non-security status gave the market a strong boost. On-chain transaction volume is expected to have increased fivefold in Q3 of last year, with the growth rate soaring. Coupled with the launch of RLUSD stablecoin and acquisitions like Hidden Road, Ripple is clearly laying a bridge to traditional finance with real capital.

From the data, XRP is transitioning from an investment asset to a payment tool, which could pose a threat to its competitors in the target market.