It was reported that Ripple [$XRP] wants to expand a payment pilot that runs through the ledger’s DEX. With credit pilots in motion, $XRP in lending pools could fund Ripple’s payment customers, but a busy network need not translate to adding value to the token.
The $XRP ETFs have seen positive monthly net flows for six months now. Yet, the 90-day Futures taker CVD has been negative for over a month now.
The high network activity in August helped drive $XRP prices up, but exchange reserves were also on the rise. Here’s what the Ripple token price action is showing.