This summary text is fully AI-generated and may therefore contain errors or be incomplete.
A crypto analyst has examined a price prediction made by an XRP enthusiast, who believes that the price of XRP could reach $10,000 if the Ripple network replaces SWIFT as the cross-border payments system. The analyst expressed skepticism about this prediction, suggesting that it would likely take two decades for XRP to reach such a high price. He explained that the large supply of XRP would need to decrease significantly for it to reach a five-figure sum. The XRP enthusiast, on the other hand, cautioned the crypto community against expecting advance notice from the Federal Reserve regarding a potential transition to XRP Ledger for the digital dollar. He believes that the news will be sudden and that it will already be too late to buy XRP when it comes out. The XRP enthusiast has consistently advocated for XRP, highlighting its efficiency and speed compared to the SWIFT technology used by banks. He also believes that if the Ripple Network becomes a substitute for SWIFT, the price of XRP could become 100 times higher due to its growing value, utility, and support from veteran companies.