Fed’s Bold Move Could Catapult Ripple (XRP) to New Heights—CEO Hails ’Game Changer’
The Federal Reserve's latest policy shift might just hand Ripple the keys to the kingdom. XRP's top exec isn't holding back—calling the potential ripple effect (pun intended) a seismic shift for crypto's most embattled giant.
From regulatory purgatory to Fed-fueled liftoff?
While TradFi banks still charge $50 for wire transfers that take three days, Ripple's tech slashes costs and settlement times to near-zero. The Fed's sudden openness to blockchain rails could finally force Wall Street's analog dinosaurs to evolve—or face extinction.
Cynical take:
Nothing moves faster than a central banker realizing their monopoly's at risk. Suddenly, 'innovation' becomes priority #1 when private sector solutions start eating their lunch.
Xrp (XRP)24h7d30d1yAll time
Despite a bullish surge over the summer, a fresh all-time high for XRP has also proven elusive, even though unchartered territory was recently achieved by the likes of BTC and ETH.
XPR hit a peak of $3.65 back in July — but that’s still well short of the all-time high of $3.84 set way back in January 2018. What’s more, the No.4 digital asset has now experienced quite a nasty pullback — and is trading at a discount of 35% from this record price.
Market watchers are continuing to await confirmation from the Securities and Exchange Commission that XRP ETFs can start trading on Wall Street, which could attract a groundswell of investment from institutions. Several major asset managers are waiting in the wings to start offering these products.
