• 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

Bitcoin Price Surges Past 73,000 Amid Improved Investor Sentiment

chest

Bitcoin price surges past 73,000 amid improved investor sentiment and a temporary ceasefire in the US-Iran conflict.

user avatarLuis Flores

BRICS Trade Without Dollar Expected to Exceed $1 Trillion

chest

BRICS trade conducted without the dollar is projected to surpass $1 trillion by the end of 2025.

user avatarMaria Gutierrez

BRICS GDP Hits 40% of Global Total, Surpassing G7

chest

The BRICS bloc's GDP has officially reached 40% of the global total, surpassing the G7's share.

user avatarDavid Robinson

Petrodollar Decline Reshapes Global Economic Landscape

chest

The decline of the petrodollar is reshaping global economic dynamics, with BRICS nations leading growth.

user avatarArif Mukhtar

ECB Supports Centralized Oversight of Crypto Markets

chest

The European Central Bank has backed the EU's proposal to centralize oversight of key financial markets, including crypto, under a single authority.

user avatarAndrew Smith

Circle CRCL Addresses Backlash Over Drift Protocol Exploit

chest

Circle has publicly addressed criticism regarding its response to the exploit of Solana's Drift Protocol, which resulted in a significant loss of funds.

user avatarJacob Williams

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.