Why is XRP price not rising despite adoption?

Despite the plan of 61 Japanese banks to adopt Ripple technology, the price of XRP remains stable. This is due to the low net flow, as the volume of transactions is not enough to support the price increase. Also, Ripple has not issued any XRP to exchanges since 2019, which reduces the supply.

XRP Price Analysis

XRP has been moving sideways since July, with support at 52.2 to 56.2. If the correction continues, the price could reach 0.80-0.90. The 60.5, 63, and 66 cent levels should be monitored. A break below 50.2 could weaken the uptrend