Ripple co-founder Arthur Britto is confident that Ripple’s technology has the potential to empower billions of people around the world, leading to widespread adoption of its native token XRP and driving its price towards $10,000. Britto believes that global scalability will be the key to achieving this ambitious goal.
To reach a global audience, Ripple has developed a range of revolutionary products and services. One of its most successful products is the on-demand liquidity platform, which enables multinational businesses to complete cross-border payments quickly, easily, and cost-effectively. Ripple has focused on opening corridors in Africa, South America, and Asia, where access to traditional financial services is limited. By addressing the financial inclusion challenges in these regions, Ripple can tap into a large and underserved market.
However, achieving the predicted price tag of $10,000 for XRP is still a long way off. Currently, XRP is trading at around $0.50, with a less than 1 percent change in the last 24 hours. The token has experienced some turbulence in recent weeks, losing around 20 percent of its value in the last 7 days.
One factor contributing to the recent drop in XRP’s price is the ongoing legal battle between Ripple and the U.S. Securities and Exchange Commission (SEC). The SEC has been granted permission to possibly appeal the “interlocutory appeal” motion in the case, which has created uncertainty among investors. Despite this, large investors, known as whales, continue to show confidence in XRP and have been buying at a discounted price, indicating their long-term belief in the token’s value.
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Ripple’s focus on global scalability and its commitment to addressing financial inclusion challenges in underserved regions positions it well for future growth. As more corridors open and more businesses adopt Ripple’s on-demand liquidity platform, the demand for XRP is expected to increase. With the support of large investors and a strong product ecosystem, XRP has the potential to rally and reach new all-time highs.
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