Ripple has once again captured the attention of the crypto community, with recent events signaling positive developments for the XRP coin. The election of Donald Trump, along with Brad Garlinghouse’s ambitious plans, has reignited interest in Ripple. The price of XRP saw a significant surge following the news of Gary Gensler’s resignation as SEC chair. With a new regulatory landscape taking shape and Brad’s recent meeting with Trump, it seems that the path ahead for Ripple is becoming clearer.

In a recent podcast conversation with Scott Melker, Mike McGlone from Bloomberg expressed his puzzlement regarding the value of XRP, particularly when compared to stablecoins like Tether. Both XRP and Tether have market caps ranging from $100 billion to $140 billion, and with the daily growth of crypto volumes, the question of XRP’s unique value arises. Stablecoins are known for their instant transactions, low costs, and high security, making it challenging to pinpoint XRP’s distinguishing factor.

The CEO and co-founder of CoinRoutes shared insights on Ripple’s potential, stating, “They (Ripple) believe their ledger will play a crucial role in the banking system’s adoption of stablecoins or their creation. If one considers the possibility of the XRP Ledger replacing Swift, a valuation in the range of $7 to $10 could be justified, which is not unreasonable.”

He further elaborated, “With the right connections, favorable regulatory conditions, and the prospect of becoming a fundamental component of the new financial infrastructure, Ripple could see a substantial increase in value. Setting a price target of $7 for XRP may yield a significant return on investment without the need for extreme multiples.”