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Been reading about this theory where RLUSD could actually change how massive XRP purchases work on exchanges. The shane ellis theory basically argues that if institutions used a stablecoin like RLUSD instead of regular USD, they could clear the order book way more efficiently and push prices up rapidly.
Think about it - imagine a bank deposits a billion into RLUSD and starts buying XRP. All those cheap sell orders at $0.50, $1.00 get wiped out fast, and suddenly you're hitting the $5+ range. The shane ellis theory suggests this creates this feedback loop where higher prices become the new normal, and institutions keep using it because it's faster and cheaper than traditional fiat conversions.
The practical scenario they laid out is pretty interesting. You've got your order book stacked with XRP at different levels. RLUSD comes in as this stable intermediary, clears everything below, and boom - price jumps. No volatility during the transaction, just pure execution.
Current XRP sitting around $1.32 (down 0.90% today), so not exactly mooning right now. But the shane ellis theory makes you wonder if this is actually how institutional adoption could play out. The theory assumes RLUSD becomes the standard for these kinds of moves, which is a big if.
Honestly, the shane ellis theory has some logic to it, but whether it actually happens depends on whether Ripple can get institutions to actually use RLUSD at scale. Interesting thought experiment though. What's your take - realistic scenario or just wishful thinking?