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Is there a buying opportunity for Ripple (XRP)?
If we take Garlinghouse's words as certain, it could be said that investors have a unique opportunity ahead of them. Currently, with limited demand, the price of the XRP token is $2.23 per unit, according to data from CoinMarketCap. This represents a market capitalization of nearly $132 billion dollars.
On the other hand, SWIFT facilitates international transactions worth $150 billion dollars annually, according to 2023 data. This can give an idea of the potential growth of XRP's capitalization if it reaches 14% of the market liquidity of that payment network. In simple terms, the price of the coin could skyrocket to such an extent that it would dwarf its crypto rivals.
In theory, this could even allow it to surpass BTC in capitalization. Hence, it can be said that this prediction by Garlinghouse is bold and, to some extent, unrealistic. Beyond this, what can be taken as certain is that the XRP community is one of the most active and optimistic in the crypto world.
Even during the dark days of the SEC's demand, Ripple's XRP Army of investors stood firm. The company's plans are ambitious, suggesting that in the long term, the results of this investment could have a positive outcome. Nevertheless, this does not negate the risk of losses for investors.
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