Analyst Says Ripple is Building a System to Replace Dollar, XRP Price Frustrates Investors

2024-7-8 13:30

Crypto expert Armando Pantoja has expressed a bold vision for Ripple’s XRP. He tweeted that the crypto could potentially replace the US dollar as the globe’s reserve currency.

Pantoja argues that Ripple is building payment rails for XRP to link and stabilize currencies worldwide. He asserts that this move puts XRP in a great position to replace the dollar in the global financial system.

To the nonbelievers: If #Ripple is building the payment rails for #XRP to link up and stabilize currencies everywhere, it might just be the one to take over the dollar’s spot as the global reserve currency.

It’s so simple, it should be obvious. $XRP pic.twitter.com/WHPNz7YHbl

— Armando Pantoja (@_TallGuyTycoon) July 7, 2024 Ripple’s Vision

Pantoja’s tweet highlights Ripple’s goal of creating a global network for currency stabilization and payments across boarders. 

The analyst says, “If #Ripple is building the payment rails for #XRP to link up and stabilize currencies everywhere, it might just be the one to take over the dollar’s spot as the global reserve currency.” 

This vision aligns with Ripple’s mission to revolutionize international money transfers and bridge different financial systems.

XRP’s Current Market Performance

Despite the positive perception from some analysts, XRP’s market performance has been baffling for investors. The crypto, at press time,  trades at around $0.4297, representing a 1.70% dip in the last day and a further 10.43% drop over the past week. 

This price point indicates that XRP holders have not seen substantial gains during the current bull market, even as other crypto assets have experienced rallies.

.rh-colortitlebox{margin-bottom:30px;background:#fff;line-height:24px;font-size:90%}.rh-colortitlebox .rh-colortitle-inbox{display:flex;align-content:center;padding:15px;font-weight:700;font-size:110%; line-height:25px}.rh-colortitlebox .rh-colortitle-inbox i{line-height:25px; margin:0 10px; font-size:23px}.rh-colortitlebox .rh-colortitle-inbox svg{width:25px;margin-right:10px}.rh-colortitlebox .rh-colortitle-inbox-label{flex-grow:1}.rh-colortitlebox .rh-colortitlebox-text{padding:20px}.rh-colortitlebox-text>*{margin-bottom:20px}.rh-colortitlebox-text>:last-child{margin-bottom:0} New Meme Coin to Watch Aiming to be Next $BONK, $WIF or $MEW.rh-toggler-open{height:auto !important} .rh-toggler-open .rh-tgl-show, .rh-toggler-open .rh-tgl-grad{display:none !important} .rh-toggler-open .rh-tgl-hide{display:block !important} .rh-tgl-show, .rh-tgl-hide{cursor:pointer} .rh-contenttoggler *{box-sizing: border-box !important} .rh-toggler-wrapper{overflow: hidden;transition: all 0.5s ease; padding-bottom: 35px; margin-bottom:30px;box-sizing: content-box !important;position: relative;} .rh-toggler-wrapper p:last-of-type {margin-bottom: 0;}

Milei Moneda is a new meme coin inspired by the political and economic views of Javier Milei, an Argentine president known for his libertarian and pro-Bitcoin stance. You have an opportunity with the ongoing low presale price to get in early!

Sponsored

Show more +Show less –

Read also: Here’s Where the Kaspa Price Is Headed as YouTuber Releases New Updates on KAS

XRP’s Stalling Prices Amid Solid Fundamentals

Though many in the crypto sector believe that Ripple’s basics are valid there hasn’t been a major shift in the price of XRP. Ripple has taken the lead to create ties with financial institutions and expand its reach in the world.

The XRP community also remains active and committed to supporting the project’s objectives. Yet, these positive strides have not mirrored in an increase in XRP’s price.

This disparity between XRP’s potential and its stagnant market value prompts a closer examination of what drives cryptos prices. Despite the notion that XRP could displace the dollar, investors seem more swayed by market conditions and regulatory issues. XRP’s market performance appears to be lagging due in part to Ripple’s dispute with the SEC.

Captain just hit his first 100x among a lot 2-5xs. Want to be a part of a profitable community?
Get all our future calls by joining our FREE Telegram group.

Check $RECQ Meme Coin Sponsored: Invest Responsibly, Do Your Own Research. Buy RECQ Today Serves as the base currency for all transactions within the Rebel Satoshi platform
ICO stage, offering tokens at a discounted price
Facilitates a smooth and efficient economy within the arcade, supporting both arcade and in-game transactions.
Grants access to a diverse range of gaming experiences in the Rebel Satoshi Arcade,
Contributes to a decentralized, community-driven RebelSatoshi platform that integrates gaming with elements of revolution, freedom, and unity, appealing to users who value such principles.

The post Analyst Says Ripple is Building a System to Replace Dollar, XRP Price Frustrates Investors appeared first on CaptainAltcoin.

origin »

Ripple (XRP) на Currencies.ru

$ 2.5655 (-0.40%)
Объем 24H $5.905b
Изменеия 24h: -3.09 %, 7d: -9.09 %
Cегодня L: $2.522 - H: $2.5961
Капитализация $148.51b Rank 3
Цена в час новости $ 0.4308 (495.52%)

xrp ripple pantoja dollar crypto building replace

xrp ripple → Результатов: 126


Ripple разблокирует 1 миллиард XRP 1 февраля

Компания Ripple, разработавшая реестр XRPL и выпустившая токен XRP, разблокирует 1 миллиард XRP в субботу 1 февраля. По текущим ценам эта разблокировка стоит $3,10 млрд. Когда XRP был запущен в 2012 году, Ripple оставила 80 миллиардов из этого запаса для собственных нужд, постепенно продавая токены на рынке.

2025-1-31 12:11


Фото:

Ripple предупредила о росте числа криптомошенничеств на фоне бычьего ралли XRP

Компания Ripple предупредила подписчиков в соцсети Х о массовых случаях фишинга и мошенничества на фоне роста крипторынка, в частности, криптоактива XRP.

2024-12-3 12:57


Фото:

XRP выросла на 20% после встречи гендиректора Ripple с Трампом

Американское издание FOX Business сообщило, что генеральный директор Ripple Брэд Гарлингхаус встретился с избранным президентом США Дональдом Трампом. На фоне этой новости криптовалюта XRP выросла на 20% — до $0,9842.

2024-11-18 11:49


Сколько XRP у Ripple? Компания раскрыла свои резервы

Недавно Ripple опубликовала отчет по XRP за четвертый квартал 2024 года, в котором поделилась, сколько именно XRP у нее на счетах. Судя по отчету, Ripple держит запасы в двух «карманах»: Свободный XRP — токены, которые у компании прямо в кошельке.

2024-11-3 12:03