- Ripple’s technology is suited to empower billions of people, propelling XRP adoption and driving its price towards $10,000.
- Global scalability will be key to achieving this ambitious goal according to Ripple co-founder Arthur Britto.
Many in the crypto industry are fairly confident that the Ripple project will receive massive recognition and its native token XRP will rally. No one is more confident or as ambitious about the lengths that can be achieved in this regard as Ripple co-founder Arthur Britto.
Britto expects Ripple to gain global recognition, empowering 7.5 billion people around the world. This will inevitably drive the native token of the project ‘XRP’ to a new all-time high. According to Britto, XRP is designed for a price of $10,000.
Reaching a global audience will be crucial factors in its long-term success and widespread adoption. Ripple plans to reach this global audience through a number of revolutionary products and services. One of its most successful products is its on-demand liquidity platform. Ripple’s on-demand liquidity payments solution ensures that multinational businesses can complete cross-border payments with speed, ease, and cost efficiency. Ripple has opened numerous corridors with a key focus on Africa, South America, and Asia, where a majority of people face major hurdles in accessing financial services.
Without access to traditional financial services, these regions offer a great market for Ripple. Businesses also take advantage of products on offer to help accelerate their services on an international level.
Related: Ripple Unlocks Next-Level Treasury Management: ODL Revolution
At the time of press, XRP is a long way from the predicted $10,000 price tag. XRP is exchanging for $0.50 with a less than 1 percent change in the last 24 hours. The token has experienced some turbulence in the last couple of weeks, losing around 20 percent in the last 7 days.
One of the key drivers of the recent drop is the recent grant by Judge Torres for the SEC to possibly appeal the “interlocutory appeal” motion in the Ripple case. As CNF reported, the legal rollercoaster began when the SEC announced its intention to appeal, a move they hinted at earlier in July. Following the permission granted by Judge Torres, the SEC has been given permission to file the motion for this appeal.
Investors expect prices to begin climbing back up with whales leading the market. Data shows that although XRP has been struggling, large investors are still backing it and buying at a discount. Market intelligence platform recently identified XRP as one of a number of altcoins that has witnessed increased activity from whales as they look to capitalize on the discounted prices.
