• Dapps:16.23K
  • Blockchains:78
  • Active users:66.47M
  • 30d volume:$303.26B
  • 30d transactions:$879.24M

Ripple and XRP: Dynamics amid SEC changes and plans with Trump

user avatar

by Giorgi Kostiuk

a year ago

Ripple has returned to the spotlight following Donald Trump's election and Brad Garlinghouse's ambitious plans with the former president. The price of XRP surged significantly following news of Gary Gensler's resignation as SEC chair.

Changes in SEC and their impact on XRP

With a new SEC chair in place and Brad Garlinghouse's recent dinner with Trump, it seems that prospects for the coin are starting to clear up.

Comparing XRP and stablecoins

In a recent podcast, Bloomberg’s Mike McGlone expressed his confusion over the value of XRP when compared to stablecoins like Tether. Both have market caps between $100 billion and $140 billion. McGlone noted that stablecoins offer instant and low-cost transactions and are considered secure, while the value of XRP remains a mystery.

I can't find a rational explanation anywhere for the value of XRP in this context.Mike McGlone

Potential of Ripple technologies and future outlook

The CEO and co-founder of CoinRoutes stated that Ripple believes their ledger will be used by the banking system to launch their own stablecoins. He believes in the XRP Ledger technology as a replacement for SWIFT. In the future, the price could reach $7 to $10.

If you believe that the XRP Ledger will be the technology underlying the replacement for SWIFT, you could come to a valuation between $7 and $10.CEO CoinRoutes

Ripple and its cryptocurrency XRP are experiencing significant changes amid political and regulatory events, offering interesting prospects for the future of the financial system.

0

Rewards

chest
chest
chest
chest

More rewards

Discover enhanced rewards on our social media.

chest

Other news

Capital B Secures €152 Million in Private Share Placement

chest

Capital B, a major Bitcoin treasury company in Europe, has successfully raised €152 million through a private share placement, with significant backing from Blockstream CEO Adam Back and asset manager TOBAM.

user avatarDiego Alvarez

Crypto Investors Rally Behind Solana as a Core Financial Asset

chest

Support for Solana (SOL) is growing among crypto investors who believe it could serve as a key financial infrastructure asset in an agent-driven economy.

user avatarKenji Takahashi

Altcoin Market Shows Signs of Structural Shift

chest

The altcoin market is experiencing a significant increase in trading volume, indicating a potential structural shift in market participation.

user avatarMaria Fernandez

Crypto Market Stabilizes Near $200 Billion

chest

The total crypto market cap stabilizes near $200 billion after a period of weakness, indicating a potential shift in market sentiment.

user avatarGustavo Mendoza

Strategys Phong Le Emphasizes the Importance of Software in Bitcoin Strategy

chest

Phong Le emphasizes the interconnectedness of Strategy's Bitcoin identity and its software business, arguing that both reinforce each other.

user avatarRajesh Kumar

Senate Banking Committee to Markup CLARITY Act on May 14

chest

The Senate Banking Committee is set to hold a markup of the long-awaited CLARITY Act on May 14, following significant delays and disputes.

user avatarMiguel Rodriguez

Important disclaimer: The information presented on the Dapp.Expert portal is intended solely for informational purposes and does not constitute an investment recommendation or a guide to action in the field of cryptocurrencies. The Dapp.Expert team is not responsible for any potential losses or missed profits associated with the use of materials published on the site. Before making investment decisions in cryptocurrencies, we recommend consulting a qualified financial advisor.