In a post on X, Edward Farina suggested that XRP can reach “unprecedented levels” if it manages to capture a fraction of the market.
A prominent figure in the XRP community has revealed how the price of XRP can reach $10,000. In his opinion, this gigantic milestone will be achieved through the utility that XRP will provide to users around the world. His opinion turns out to be similar to that of Ripple CEO Brad Garlinghouse.
How XRP Price Will Reach $10,000
Edward Farina suggested via X that the price of XRP could reach such heights if RippleNet successfully replaces the current SWIFT system. He highlighted how financial institutions like SWIFT move “hundreds of trillions around the world.”
As such, he believes that XRP can reach “unprecedented levels” if it manages to capture a fraction of the market. Ripple is seen as a potential disruptor in the financial world through its RippleNet technology.
RippleNet, with the use of blockchain technology, allows financial institutions to process cross-border transactions instantly. These transactions are processed with XRP as a utility token, which helps bridge the gap between the sending and receiving currency.
Farina also highlighted the fact that XRP is one of a kind. He explained how XRP liquidates value in real time and firmly. This is in comparison to Bitcoin and Ethereum, and even SWIFT, which he claims lack such capabilities.
CryptoInsightUK: XRP Price Repeating 61,000% Move Will Be Harder
In a post on X, CryptoInsightUK highlighted how XRP exploded in 2017. As for whether it can be repeated, he mentioned that it would be more difficult since the market capitalization would have to be huge.
The crypto analyst seemed to be more focused on talking about XRP’s price potential rather than talking about how high the token could go. He alluded to the hate XRP receives and how when people feel that way, there is probably “value” in that asset.
The crypto analyst was quick to deny whether that meant he was suggesting that XRP price could achieve these feats again. He said only time will tell as he wasn’t making any point, just sharing his thoughts.
High Hopes in XRP
Ripple CEO Brad Garlinghouse once talked about how XRP could become the next Bitcoin. His sentiment is similar to Farina’s, as he stated that this could happen if his company used the XRP token to solve a big financial problem.
Basically, the belief in XRP’s price potential seems to stem from the fact that so much liquidity could flow into the XRP ecosystem as more and more financial institutions continue to adopt RippleNet. These institutions are known to process many low-value and high-value transactions daily.
Therefore, XRP could become a big beneficiary depending on the success of Ripple. In his post, Farina alluded to an interview Garlinghouse had conducted with Bloomberg.
Ripple’s CEO was very optimistic about the future of Ripple and stated that his company was progressing daily. He mentioned how they had onboarded over 100 banks, some of which were SWIFT-enabled banks. Many are betting big on the price of XRP as Ripple continues to advance.
Pro-XRP Wall Street financial analyst Linda Jones had once mentioned how the crypto token could be the next big thing in the financial market. She even went so far as to compare XRP to Microsoft and Apple stocks, suggesting the high returns that XRP holders could enjoy in the near future.
By Leonardo Perez
