Investors in Ripple Labs and XRP are hoping for the coin to reach $100 if Ripple invests in a SWIFT-like platform for international trades.
XRP is currently showing a stable trend on the daily chart, but it needs to break above $0.55 and the September highs to reverse the downtrend.
There are reports that Ripple could introduce an XRP ETF, which could potentially push the coin's price to $1.
Analysts believe that XRP's advantages in speed and efficiency compared to SWIFT could attract a substantial portion of the traditional messaging system's clientele, potentially driving the price to $100.