Brad Garlinghouse, the CEO of Ripple
$
has made significant statements regarding the transformation of cross-border payment systems, generating a wave of optimism among XRP enthusiasts. The company’s objective is clear: to take the lead in global money transfers by replacing outdated systems. This bold assertion has renewed discussions about upward price predictions for XRP.
Garlinghouse: “Technology is 50 Years Behind”
In an interview with Fox Business, Garlinghouse highlighted the inadequacies of current payment networks in terms of technology. He expressed that existing systems still operate on infrastructures that date back half a century, emphasizing the urgent need for modernization in this domain. According to Garlinghouse, the trillions of dollars in cross-border payment volumes present a significant opportunity for transformation. Ripple aims to eliminate inefficiencies in this sector with blockchain-based solutions, facilitating faster and lower-cost transactions.
Hope for XRP’s Rise Continues
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. Some market analysts suggest that a substantial price jump for XRP could occur if Ripple’s targeted transformation comes to fruition. Even capturing a small portion of the market could propel XRP’s price into the dozens of dollars. According to modeling by Grok3, if Ripple secures a particular market share, the price of XRP could reach as high as $48.89. Other analyst forecasts propose that if banks and payment companies adopt XRP, the token could rise to $34. Ripple’s strategic approach aims to dismantle traditional structures while reshaping the entire industry’s dynamics. Whether this goal will be achieved will become clearer as actions are taken over time.