American Invest Hub
  • Politics
  • Investing
  • Business
  • Latest News

American Invest Hub

  • Politics
  • Investing
  • Business
  • Latest News
Investing

XRP price prediction: How high would it go if most US banks integrated Ripple?

by admin April 23, 2025
April 23, 2025
XRP price prediction: How high would it go if most US banks integrated Ripple?

XRP price has slowly moved above a crucial resistance level this week, raising optimism that it will maintain its momentum. Ripple surged to a high of $2.2 on Wednesday, its highest level in over two weeks and 40% from its lowest level this month.

This article explores how high the XRP price will go if the Ripple Network is adopted by most US banks now that the SEC vs Ripple case is over.

The end of SEC vs Ripple case is a catalyst for XRP

One of the top catalyst for the XRP price is the growth of its partnerships in the United States now that its legal issues are behind it.

In a recent statement, Brad Garlinghouse, its CEO noted that partnerships with American companies almost dried up when the SEC filed its case in 2020. Instead, the company entered into agreements with international companies, particularly those in Asia. 

The SEC decided to drop its case against Ripple this year, opening the opportunity for US firms to sign up. 

Ripple is pitching it services as being better alternatives to SWIFT, a society used by thousands of banks globally. It argues that SWIFT uses ancient technology and which is costly and inefficient as transfers take time to complete. 

Ripple’s RippleNet is a faster and lower-cost option, with the average transaction cost under $5. Its transactions take less than a minute to complete. 

How Ripple payment network works

RippleNet handles transactions in two ways. It can use the XRP token, where a company sends XRP, which is then converted immediately to the local currency in the other bank. 

The other option does not use XRP. In it, the two banks use the RippleNet messaging, and the payments are completed within minutes. The benefit of this approach is that the traditional correspondent banking approach is replaced with a digital ledger. 

RippleNet uses three key aspects, including XRP Ledger, Interledger Protocol, and On-Demand Liquidity. XRP Ledger is a blockchain that settles XRP transactions, while ILP connects different payment networks. ODL is an option that Ripple uses to eliminate pre-funded accounts. 

More US bank partners 

The next key catalyst for the XRP price is that Ripple may start making deals with other American banks. Some of the top firms currently using its technology are Bank of America, PNC Bank, American Express, and JPMorgan.

The token would likely do well if more banks entered its ecosystem since that would be a signal of more adoption. It would also create a network effect as more companies join the RippleNet network.

XRP price has other potential catalysts. Ripple recently acquired Hidden Road, a company that handles transactions worth over $10 billion daily. The company has hinted that some or all of these transactions will be moved to the XRP Ledger soon.

Ripple is also hoping to be a big player in the payment industry. It recently moved Ripple USD (RLUSD) into its payment network and has received several money transmitter licenses in the US.

XRP price analysis

XRP price chart | Source: TradingView

The weekly chart indicates that the XRP price has rebounded this week, moving above the upper boundary of the triangle pattern. This triangle is part of the bullish pennant chart pattern, a popular bullish continuation pattern.

The length of the flag is about 450%. Therefore, measuring the same distance from the upper side of the flag brings the potential XRP price target to $18. Such a move would push its market cap to $750 billion. 

The post XRP price prediction: How high would it go if most US banks integrated Ripple? appeared first on Invezz

0
FacebookTwitterGoogle +Pinterest
previous post
As Tesla shares struggle in 2025, short sellers pocket $11.5B in profits
next post
Vanguard’s VIG ETF forms a rare death cross: is a deeper crash coming?

Related Posts

Entitlement Offer Prospectus

May 23, 2024

Rio Silver: Leveraging 25 Years of Mining Experience...

April 30, 2024

Why are Bitcoin and other crypto prices rising...

June 10, 2025

John Feneck: Gold Miners Set Up for Strong...

July 15, 2024

Far Northern Resources

May 3, 2024

$12M Proposed Cash Asset Sale to Strengthen Balance...

July 23, 2024

ARway.ai Announces EWROS as New Partner in Turkey...

March 20, 2024

CAC 40 forecast ahead of Thales, Kering, Hermes...

October 17, 2024

Copper price analysis: technicals point to more robust...

October 3, 2024

EU and Serbia Sign Lithium Deal to Bolster...

July 24, 2024

    Stay updated with the latest news, exclusive offers, and special promotions. Sign up now and be the first to know! As a member, you'll receive curated content, insider tips, and invitations to exclusive events. Don't miss out on being part of something special.


    By opting in you agree to receive emails from us and our affiliates. Your information is secure and your privacy is protected.

    Latest News

    • How Donald Trump’s immigration crackdown may tank the labor market

      August 4, 2025
    • Trump’s tariff threat looms over India’s Russian oil deals

      August 4, 2025
    • Trump moves nuclear submarines near Russia: what triggered the move and what’s ahead

      August 3, 2025
    • BOE rate cuts offer little relief as UK households face mounting financial strain

      August 3, 2025
    • Retail investors shift focus to Europe as US valuations stretch

      August 3, 2025

    Categories

    • Business (3,583)
    • Investing (2,703)
    • Latest News (2,031)
    • Politics (1,530)
    • About us
    • Contact us
    • Privacy Policy
    • Terms & Conditions

    Disclaimer: americaninvesthub.com, its managers, its employees, and assigns (collectively “The Company”) do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice. The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.

    Copyright © 2025 americaninvesthub.com | All Rights Reserved