Ripple has clearly shifted its focus from individual investors to institutions. According to business analyst Jake Claver, XRP holders individually have little influence on Ripple's profitability. As a result, the business is focusing on cross-border transactions with major financial institutions and governments, removing itself from initiatives fueled by retail adoption.

"Ripple's main objective is to facilitate institutional-grade transactions and cross-border settlements with speed and efficiency, while retail investors can hold XRP and use the XRP Ledger," Claver said.

The Ripple Institutional Strategy Is the Main Event
The business declared earlier this year that its RLUSD stablecoin, which is only intended for institutional customers, will be launched. After that, in August, the coin went into beta testing, and Ripple CTO David Schwartz stated that retail consumers would not be able to purchase it.

Nonetheless, there are still problems with the XRP Ledger environment. The market capitalization of XRP Ledger has dropped to a record low of $80 million, according to XPMarket CEO Artur Kirjakulov.

MVRV Ratio and Whale Activity Signal Market Movements
Furthermore, XRP Whales have been actively participating in the market. Whale addresses with between 10 and 100 million XRP have amassed more than 330 million XRP, or around $177 million, in the last week. This buildup suggests that there may be a short-term price increase.

Such whale behavior has historically affected the success of the XRP market; substantial accumulations typically indicate a bullish mood.

Furthermore, there has been a significant spike in the Mean Coin Age (MCA) indicator, which calculates the duration of time XRP has been in wallets. This demonstrates that long-term holders are holding onto their XRP, suggesting that investor confidence is rising.

The MVRV ratio reached 81.03% in mid-March, indicating that many XRP investors had made money and had probably cashed out. When the ratio dropped to 10.66% in early August, the majority of investors were probably losing money and holding out for better deals. The MVRV ratio recovered to 50.65% by mid-Aug, indicating a return of investor confidence.


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