XRP has surged beyond the $0.60 mark, prompting optimism for reaching new year-end highs. Market expert Dark Defender suggests potential for XRP’s price to reach $1.05 and $1.88, driven by Elliott Waves and Cup-Handle patterns. With a recent 4.3% increase to $0.62, the cryptocurrency holds promise for further gains, as outlined by industry analysts.
Despite a recent dip to $0.58 within a descending channel, analyst EGRAG CRYPTO highlights the emergence of a potential inverse head and shoulder (H&S) pattern. This pattern, if realized, might lead XRP’s price to the $0.70 level, creating more bullish momentum.
In the realm of cross-border payments, Ripple’s strides have sparked speculation. Edward Farina, CEO of Alpha Lions Academy, theorizes that XRP could supplant SWIFT, potentially propelling its value to $10,000. Farina’s concept, labeled ‘RIPPLENET SWIFT KILLER: The Road for XRP to $10K,’ suggests that if RippleNet replaces SWIFT, it could significantly impact XRP’s usage.
SWIFT, currently a key banking system for global cross-border transactions, faces the possibility of disruption if RippleNet, powered by XRP, becomes a dominant force.
