Ripple CEO Brad Garlinghouse expressed opinions on the necessity to modernize cross-border payment systems and the prospects for XRP in the market.
Technological Progress in Payments
In an interview with Fox Business, Garlinghouse emphasized that current payment networks are five decades behind in technological development. He pointed out that existing systems still operate on outdated infrastructure, highlighting the urgent need for modernization.
Optimism Regarding XRP
Market data indicates that XRP is trading around $2.28. Despite daily fluctuations, its persistence at weekly highs suggests sustained investor interest. However, a slight decrease in trading volume raises concerns that buying pressure may ease over time.
Market Prospects and Predictions
Some analysts suggest that a significant price jump for XRP could occur if Ripple's targeted transformation is realized. According to Grok3’s modeling, if Ripple captures a certain market share, XRP could reach as high as $48.89. Other forecasts suggest that with the adoption of XRP by banks and payment companies, the token could rise to $34.
Ripple aims to disrupt traditional structures while reshaping the dynamics of the cross-border payment industry. Time will reveal how successful this strategy will be.
