#MarketTurbulence
Price targets for XRP ignite excitement in the cryptocurrency world
The possibility of XRP reaching a valuation of $1000 has returned as a topic of discussion. In a recent interview with Coinpedia, Manhar Garigret, head of the central custody department in the country, commented on this target, describing it as "speculative but not impossible." He confirmed that this valuation requires a radical overhaul of the global financial infrastructure and widespread adoption. Currently, XRP is trading at $3.11, having seen a decline of 4.09% over the past 24 hours. Recently, the price of the altcoin has remained between the resistance level of $3.40 and the range of $2.85 and $3.12. Ripple's path to $1000: Insights from Garigret
Garigret discussed the common idea that Ripple could become a global payment standard, pushing price expectations beyond the range of $10-100, even reaching $1000. However, he pointed out that these expectations rely more on forecasts than on the current reality. Achieving this valuation requires significant progress in regulations and use cases.
He emphasized that although Ripple at $3 complements existing payment systems, it cannot completely replace SWIFT. Interoperability is essential, as different networks work alongside each other. It is crucial to improve the speed and cost of value transfer, with gradual adoption over time.
Price targets for XRP ignite excitement in the cryptocurrency world
The possibility of XRP reaching a valuation of $1000 has returned as a topic of discussion. In a recent interview with Coinpedia, Manhar Garigret, head of the central custody department in the country, commented on this target, describing it as "speculative but not impossible." He confirmed that this valuation requires a radical overhaul of the global financial infrastructure and widespread adoption. Currently, XRP is trading at $3.11, having seen a decline of 4.09% over the past 24 hours. Recently, the price of the altcoin has remained between the resistance level of $3.40 and the range of $2.85 and $3.12. Ripple's path to $1000: Insights from Garigret
Garigret discussed the common idea that Ripple could become a global payment standard, pushing price expectations beyond the range of $10-100, even reaching $1000. However, he pointed out that these expectations rely more on forecasts than on the current reality. Achieving this valuation requires significant progress in regulations and use cases.
He emphasized that although Ripple at $3 complements existing payment systems, it cannot completely replace SWIFT. Interoperability is essential, as different networks work alongside each other. It is crucial to improve the speed and cost of value transfer, with gradual adoption over time.
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XRP
3.0061
-1.40%