Renowned crypto expert Xaif believes that XRP could end up much higher in the long term than most investors currently expect. According to him, XRP’s role in the global financial system is growing faster than many people realize. That is the reason for him to mention a possible price target of $500.
XRP is invading the global financial system
In a recent video, Xaif says that he believes XRP is “quietly entering the global financial system.” He says it is striking that a currency that has been around for ten years, and which many would have written off, is now appearing in more and more financial structures.
According to him, XRP is no longer just a currency to make international payments cheaper. He points to collaborations with more than seventy central banks. In his view, XRP has become a liquidity bridge between traditional currencies, digital central bank currencies and tokenized assets.
In addition, XRP is part of the ISO 20022 standard, the messaging protocol used by banks worldwide. He sees this as a signal that XRP is part of real payment systems, and not just in the speculative crypto market.
XRP is increasingly in line with American regulations
Xaif also considers the steps Ripple is taking to better comply with American regulations. He mentions the application for a US banking license and the ambition to gain access to a master account with the Federal Reserve.
He also points to RLUSD, Ripple’s stablecoin, and the arrival of an automated market maker within the XRP ecosystem. According to him, these types of moves bring XRP closer to fully regulated financial environments, something he believes many other crypto projects are struggling with.
What integrations he sees in the global financial sector
To substantiate his point, Xaif refers to various pilots that are currently running. For example, the central bank of Brazil is running a test on the XRP Ledger. The United Kingdom is using Ripple technology in research into a digital pound. Ripple also played a role in Project Aber in the United Arab Emirates and Saudi Arabia.
He also mentions banks such as Santander, SBI in Japan and Bank of America. According to him, these are not small names. He sees it as proof that XRP is penetrating ever deeper into systems that process billions of payments every day.
At the same time, he points out problems with competitors. He mentions Ethereum in particular as an example. According to him, fragmentation and unclear regulations make banks less likely to build on Ethereum, while XRP actually benefits from this.
Why $500 is not unrealistic
Xaif links its price expectations to market structure. He states that XRP must first rise towards $40 to come close to Bitcoin in terms of network value. After that, a move to around $5 would be needed to overtake Ethereum.
If XRP then further expands its role within central banking projects, international payment systems and regulated environments, it sees room for a much greater increase in value.
According to him, that combination of adoption, regulations and institutional interest makes long-term growth towards $500 possible.
Source: https://newsbit.nl/expert-dit-is-waarom-ik-geloof-dat-xrp-richting-500-dollar-gaat-nederlanders-krijgen-gratis-xrp/
