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

user avatar

by Giorgi Kostiuk

2 years 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.

Tier I

Sector: #18291

Sealed Hiding Place Room

Resource Cache

Resource Cache

Tier I

Requires 25% Tier Progress to Claim
Meme Cache

Meme Cache

Tier I

Requires 50% Tier Progress to Claim
Equipment Cache

Equipment Cache

Tier I

Requires 75% Tier Progress to Claim

After collecting, hiding places will be stored in your inventory and can be opened with Keys.

Other news

Zcash Price Consolidation Signals Potential Breakout

Zcash (ZEC) is currently consolidating in a price range that resembles its previous breakout pattern, suggesting a potential upward movement.

user avatarZainab Kamara

Zcash Upgrades Enhance Network Functionality

Recent upgrades to the Zcash network, including NU7 and Ironwood, are expected to improve transaction speeds and security.

user avatarAndrew Smith

Analysts Predict Bullish Trend for Zcash

Analysts are observing a bullish structure forming for Zcash, with potential price targets set between 1,500 and 1,700.

user avatarJacob Williams

OKX and ICE Develop Marketplace for Tokenized Stock Trading

OKX and ICE are developing a marketplace for trading tokenized versions of US-listed stocks around the clock, utilizing stablecoins for transactions.

user avatarAyman Ben Youssef

Bitcoin Price Stabilizes Above 76,000 After Recent Decline

Bitcoin's price has stabilized above 76,000 after a significant drop, but institutional outflows raise concerns about a lasting recovery.

user avatarSon Min-ho

Crypto-Linked Companies Remain Potential Participants in Tokenization Market

Despite traditional corporations rejecting tokenization, several crypto-linked companies remain potential participants in the market.

user avatarTando Nkube

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.