A renowned lawyer suggests that Canada's new prime minister, Mark Carney, could strengthen Ripple's position through national policies.
Carney had previously collaborated with Ripple as the governor of the Bank of England, working on initiatives to improve cross-border payments and reduce settlement risks.
Carney's interest in financial technology and cross-border payment solutions could potentially lead to increased adoption of Ripple's XRP and make it a strong competitor in the cross-border ecosystem.
However, XRP is currently struggling to hold its support level at $2, experiencing a decline in the last 24 hours and 7 days.