Proponents of XRP claim it is one of the greatest wealth transfers in history, reshaping global finance and aiming to replace traditional banking systems.
XRP transactions settle in 3-5 seconds with minimal costs, providing advantages over slower and more expensive SWIFT transfers.
While RippleNet has over 300 financial institutions in its network, XRP daily volumes are relatively low compared to global cross-border flows, impacting its price.
Backers are optimistic about regulatory developments, including potential approval of spot XRP ETFs, but caution against hype emphasizing the need for patience and monitoring key metrics.