No, it is not inflation I believe. You know all the transactions of Bank of England per day is about $100 billion in value. That's only 1 bank. Imagine all the others banks use Ripple for their transaction. The XRP supply is actually not enough.
I don't see what Ripple is now, I see what Ripple is going to become in the future. I believe that Ripple will take on the world of financial market in the future with their great products & leadership & governance. The price now is way lower than their true VALUE
https://www.reddit.com/r/RippleTalk