Wealth Advisor Reveals Why Ripple’s ODL Could Influence XRP Prices
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Will Ripple’s ODL impact XRP Prices? Well Mickle, a notable wealth advisor and market commentator, recently took to X to share why he believes that Ripple’s ODL will impact the XRP prices. His arguments are contrary to claims that the buy and sell dynamics involved in ODL transactions cancel each other out.
Mickle highlighted that while some critics argue that the buy and sell transactions in ODL are neutral to XRP’s price, they are missing out on a crucial aspect. In his opinion, this is the necessity for market makers to hold reserves of XRP.
Market makers, who facilitate these transactions, must accumulate XRP to ensure they can meet demand. As ODL transactions increase globally, the demand for XRP among market makers also rises, leading to higher accumulation of the token.
Mickle argues that this will naturally drive up the price of XRP. He further asserts that the expansion of ODL globally will necessitate even more market makers to hold XRP in their reserves. The increased demand, combined with the finite supply of XRP, should logically result in an upward pressure on its price.
Mickle highlighted that while some critics argue that the buy and sell transactions in ODL are neutral to XRP’s price, they are missing out on a crucial aspect. In his opinion, this is the necessity for market makers to hold reserves of XRP.
Market makers, who facilitate these transactions, must accumulate XRP to ensure they can meet demand. As ODL transactions increase globally, the demand for XRP among market makers also rises, leading to higher accumulation of the token.
