Story Highlights
- Ripple plans U.S. expansion after SEC drops legal appeal.
- Garlinghouse calls SWIFT outdated, says Ripple offers faster payments.
- XRP ETF approval chances rise to 83%, price targets set at $3.40.
Ripple is preparing for expansion in the United States after the SEC dropped its appeal against the company. Ripple achieved its milestone after enduring multiple years of intense legal conflicts. CEO Brad Garlinghouse views current U.S. market conditions as an opportunity to maximize both expansion and product usage.
Garlinghouse Says SWIFT Is Slow, Ripple Is the Future
During his interview on Fox Business, Ripple CEO Brad Garlinghouse demonstrated optimistic views about his company’s upcoming performance. Garlinghouse identified SWIFT as the global payment network that has operated for fifty years since its creation. The SWIFT system executes $150 trillion per year through its network but operates at a pace considered outdated by today’s standards. The transaction speed capabilities, alongside reduced costs defined by Ripple, result in simplified global payment transactions.
Garlinghouse pointed out that US crypto regulation is becoming more supportive of the industry. The new SEC leadership has started to demonstrate more favorable attitudes toward blockchain industries. The abolishment of SAB 121 has simplified banking institutions’ ability to store cryptocurrency. A task force that develops clear regulations creates an improved business environment for blockchain enterprises.
Recent developments have created a wave of optimism among money institutions and investors. According to the CEO, Garlinghouse, Ripple emerged as the pioneering crypto enterprise to undertake an SEC lawsuit. The long-running legal battle between Ripple and the SEC resulted in substantial financial losses of over $150 million for the company through its legal expenses. Garlinghouse indicates the settlement outcome was beneficial since it establishes opportunities for Ripple to expand its business in the U.S. market.
Growth elements are significantly influenced by the heightened requirements for stable regulatory frameworks. Garlinghouse indicated that pending stablecoin bill votes alongside market structure bill votes would introduce an additional legal clarification framework. Through these policies, he predicts future crypto market development and employment creation.
XRP ETF Has 83% Chance of Approval by 2025
The SEC case settlement occurred after Ripple conducted most of its business outside the United States. International financial institutions composed the majority of Ripple’s customer base at 95%, while major banks HSBC and BBVA were included among its worldwide clients. Now, with regulatory uncertainty clearing up, Ripple is experiencing increased engagement from American businesses.
Garlinghouse revealed that Ripple successfully signed a higher number of agreements during the six weeks following Trump’s presidential win than they achieved during the preceding six months. He stated blockchain technology will transform financial infrastructure during the next decade up to two decades. This emerging technology shows potential to transform traditional payment systems as well as real estate deals and securities transfer operations. According to his evaluation, the modern impact of this change is vastly underestimated.
XRP has proven to be stable despite being Ripple’s default token. The market value of XRP currently stands at $2.44 while keeping above the critical support level at $2.40. XRP demonstrates dominance over Solana by attaining over 50% market spot trading dominance.
Studies indicate that the possibility for an XRP exchange-traded fund (ETF) approval now exists at a high probability level. The Polymarket data suggests that an XRP ETF holds an 83% probability of approval before 2025. The market signals point towards bullish behavior, and analysts project that XRP may reach the target prices of $2.9990 and $3.4000.
Ripple benefits from its legal triumph combined with friendly market factors that hold promising potential for substantial expansion. The company is now positioned to expand its services and strengthen its role in the financial sector.
