The lawsuit resolution, RLUSD, the ETF, Evernorth’s listing and the start of its operations, and the final approval for the national trust bank—all of these were repeatedly called “the catalysts that should push the price higher,” even by people on the finance side. But the actual price action, especially around the recent bank approval, has been soft. There’s a clear gap between what professionals expected (“structural demand should increase”) and what’s actually happening in the market. Most participants aren’t trading based on a day-to-day assessment of whether XRP is being used. A large portion of the market moves on narratives, expectations, relative performance versus other coins, macro conditions, or simply a gut feeling of “this might go up / this might go down.” If you ignore that and stick to the assumption that “Ripple has done so much, so the price should rise,” you’ll keep missing the mark. Ripple improving the infrastructure or clearing regulatory hurdles doesn’t automatically create direct, sustained buying pressure for XRP. Growth in RLUSD doesn’t mechanically translate into XRP demand, and the trust bank approval is primarily about custody and reserve management—not a reason to buy XRP itself. In the end, the price is determined by who wants to buy how much at any given moment, and that group includes a significant number of non-professionals. Redirecting your frustration doesn’t change the underlying logic of how the price is formed. It makes more sense to look realistically at who is actually buying and which groups are generating sustained demand. That at least helps adjust expectations. If that doesn’t sit right with you, then leave. The damage is still shallow at this point.