- The elasticity of XRPL’s order books
- Debunking the “1.5 billion” myth
The narrative of an imminent “supply shock” for XRP, one of the leading altcoins, has been rejected by a prominent market analyst
Vet, a pseudonymous XRP Ledger validator, the market remains far too elastic to support the theory
To back up his argument, he has pointed to deep liquidity pools and the high velocity of XRPL
The idea that exchanges are running dry on XRP is contradicted by verifiable on-chain data. In a recent analysis, Vet noted that holders currently have approximately 16 billion XRP positioned on the exchange. This essentially means that there is ample liquidity for current market demand “Plenty for anyone to get some,” Vet commented
The elasticity of XRPL’s order books
The technical architecture of the XRP Ledger as a buffer against supply shocks, Vet argues
XRP transaction settlement typically occurs in mere seconds, which sets it apart from smaller chains
This speed creates what Vet describes as “dynamic” or “elastic” order books. Even if visible supply on an exchange appears to thin out, new liquidity can be bridged from private wallets to order books in virtually no time
“Markets are too dynamic to statically plot movements,” Vet explained. “XRP listed on orderbooks for sale is dynamic… it can thicken or dry out in seconds, back and forth.”
Debunking the “1.5 billion” myth
Leonidas Hadjiloizou, a prominent XRP researcher, has further pointed out that exchange balances plummeting to as low as 1.5 billion XRP is simply a lie
“You can even check the wallets for each exchange on XRPscan to confirm that there is more than 15B XRP left on exchanges,” Hadjiloizou noted.
Even if one excludes all Asian exchanges, the available supply would still sit at roughly 5 billion XRP
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