Ripple and SWIFT Theories Could Propel XRP to $1,000
- Remi Relief suggests a dual-system approach where both Ripple and a revamped SWIFT could rely on XRP for settlement.
- The new Ripple-based network, developed with Thunes, aims to be faster and more trusted than current systems.
- Paul Barron highlights the fragmentation caused by banks developing their own stablecoins, which could emphasize XRP’s bridging utility.
- Major banks like JPMorgan and Bank of America are working on US-based consortium stablecoins, while European banks plan euro-denominated versions by 2026.
- At present, XRP is trading at $2.41, far from the proposed $1,000 valuation.
Remi Relief’s theories suggest that both Ripple’s collaboration with Thunes and a revamped SWIFT system might coexist initially but eventually lead to XRP reaching a $1,000 price point as they gain adoption in cross-border payments.
The potential for XRP to act as a bridge asset amidst growing bank-issued stablecoin fragmentation could drive its value significantly higher if these theories materialize. (Source)
