XRP News Today: Ripple Could Challenge Top Global Banks If XRP Reaches $3 or $6

Ripple’s potential expansion into global banking has sparked renewed debate, following remarks from Sal Gilbertie, CEO of Teucrium. The comments, highlighted in a post by crypto analyst Xaif, suggest that with its current 40 billion XRP on balance sheet, Ripple could pursue a banking license and leverage its position to become one of the world’s most significant financial institutions [1]. This speculation centers on the valuation of XRP: if it reaches $3, Ripple would rank among the top 20 global banks by market capitalization. At $6 or higher, the company could surpass the top 10 and potentially become the largest bank in the world [1].

In a video discussion with crypto investor Paul Baron, Gilbertie elaborated on the implications of this scenario. He noted that retaining XRP on its balance sheet post-banking license could drastically alter Ripple’s financial influence and market perception. “This would be astounding,” he remarked, emphasizing the potential for digital assets to redefine traditional banking models [1]. Baron agreed, suggesting that the broader financial sector is not yet fully appreciating the magnitude of Ripple’s ambitions or the implications of XRP’s valuation in this context [1].

The dialogue also explored the future of financial instruments on blockchain platforms. Gilbertie expressed a firm belief that all financial products will eventually transition to on-chain systems, indicating a long-term shift toward digital finance [1]. This aligns with broader industry trends, where blockchain adoption is increasingly seen as the next evolution in financial infrastructure.

While the $3 and $6 price targets for XRP have been cited by some analysts as potential thresholds for Ripple’s banking ambitions, these remain speculative forecasts [2]. Current market analysis suggests XRP faces a key support level at $2.94, which could determine whether the asset continues its upward movement [2]. Additionally, inflows into XRP-focused products, including leveraged ETFs such as those offered by Teucrium, may further fuel demand and price momentum [3].

If Ripple were to obtain a banking license and operate as a major global financial entity, it would represent a significant milestone in the integration of digital assets into traditional finance. This could also challenge existing systems like SWIFT, with some analysts speculating that XRP might replace conventional cross-border payment methods [4]. However, such predictions remain theoretical and should not be taken as investment guidance.

The discussion underscores a growing recognition of Ripple’s strategic positioning and the transformative potential of digital assets in the financial sector. While the company has long been associated with cross-border payments, its ambitions appear to extend into broader banking functions, challenging conventional industry boundaries [1].

[1] https://timestabloid.com/teucrium-ceo-ripple-could-rule-global-banking-with-xrp-at-3-or-more/

[2] https://www.tradingview.com/news/cryptonews:b04ed9c41094b:0-chatgpt-s-xrp-analysis-flags-2-94-support-rebound-setup-or-breakdown/

[3] https://www.bitget.com/price/eye/price-prediction

[4] https://kripto.news/