Canary Capital CEO Steven McClurg has identified the XRP Ledger (XRPL) as a formidable competitor to traditional Wall Street financial systems. Speaking at the Ripple Swell conference, McClurg highlighted XRP's potential to significantly lower global remittance costs, which currently range from 8% to 15%. McClurg also forecasted a $10 billion institutional inflow into XRP ETFs, citing XRP's lack of native staking as a competitive edge over Ethereum in ETF structures. Additionally, Franklin Templeton has updated its S-1 filing for an XRP ETF, with a potential launch anticipated in mid-November.