Ripple is reportedly eyeing a $5 trillion Federal Reserve master account, which could significantly impact the value of its cryptocurrency, XRP. Crypto analyst Vincent Van Code suggests that such an account would allow Ripple to hold its RLUSD backing balance with the Fed, eliminating counterparty risk. This development could lead to a substantial increase in XRP's value, as it facilitates cross-border asset exchanges.
Van Code predicts that XRP could reach $80 if Ripple's Treasury moves 30% of its $13 trillion on-chain by 2031, aligning with CEO Brad Garlinghouse's projections. This would involve a potential monthly release of 1 billion XRP from escrow, reaching $5 trillion in 60 months. Meanwhile, Ripple's integration of XRP into its treasury management system is gaining traction among large companies, enhancing liquidity and potentially boosting XRP's price. Currently, XRP is trading at approximately $1.38, according to CoinMarketCap.
Ripple's Potential Fed Master Account Sparks XRP Price Speculation
Disclaimer: The content provided on Phemex News is for informational purposes only. We do not guarantee the quality, accuracy, or completeness of the information sourced from third-party articles. The content on this page does not constitute financial or investment advice. We strongly encourage you to conduct you own research and consult with a qualified financial advisor before making any investment decisions.
