XRP’s Price Depends on Builders and Developers, ODL Transactions Remain Indifferent
On-Demand Liquidity (ODL) transactions are an integral part of the cryptocurrency market. ODL enables seamless cross-border payments through the utilization of XRP as a bridge currency. Interestingly, these transactions are demand-neutral, signifying that they involve the simultaneous acquisition and sale of equal quantities of XRP, ultimately having no direct effect on its price.
James Whitfield is markets correspondent at BTCNews. He spent eight years on the equity desk at Bloomberg London before moving to digital assets in 2020, and now leads our daily coverage of spot prices, derivatives and ETF flows. James reads order books for breakfast and has been quoted in the Financial Times, CityAM and CoinDesk. He is a CFA Level III candidate and is based in the City of London.
