CharuSan XRP, a market analyst, believes that the price of XRP could immediately rise to $300 once banks start using it as a global settlement asset. The analyst has formulated this High price as a prerequisite for XRP To act as a global payment line, not as a speculative move. Moreover, CharuSan pointed out that people who believe Ripple stablecoin RLUSD It could serve as a settlement layer rather than XRP is missing the point entirely, citing supply dynamics to support its claims.
XRP price is expected to rise to $300 after the CLARITY Act
In this week’s X post, CharuSan anticipation XRP could rise to $300 soon after Digital Asset Clarity Act It was passed. If this happens, he believes banks will start adopting XRP globally, increasing demand for the token and potentially causing prices to rise as more capital flows through it.
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Anyone who thinks XRP will reach $5 or $10 just doesn’t understand how banking infrastructure works, CharuSan said, comparing this mentality to viewing banks as separate grocery stores. He noted that Ripple, the largest holder of XRP, has… It has already partnered with major infrastructure providers Such as Volante, ACI, Worldwide, and FINASTRA. These institutions do not operate independently, but rather serve thousands of institutions at the same time, and operate as one large network to which a large number of banks are connected.
For this reason, CharuSan said that Ripple does not need to sign individual contracts with each bank. He pointed out that the moment a cryptocurrency company is connected to the central cloud, every bank connected to this system will be able to access it immediately. XRP liquidity.
CharuSab also pushed back on the idea that it would take years XRP to reach a large market valueArguing that those who think so fail to understand how fast the software world is. As a payment system, the analyst said XRP, which is priced at just $10 to $20, would be like trying to move an ocean of water through a small straw.
A much larger tube would be needed to handle that volume, he said. He noted that as XRP prices rise, so does its ability to handle large-scale global transfers at a much greater speed.
The analyst argues that XRP, not RLUSD, will be used by banks
In response to crypto members who disputed his claims, CharuSan male In a separate post, many XRP holders and pundits “have no idea” about volatility, liquidity, slippage, bottlenecks, or… On-Demand Liquidity (ODL) I mean really. He said they do not know the roles of major banks and payment service providers such as JPMorgan Chase, Mastercard, DTCC, ACI, Volante and others.
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The analyst stated that many people continue to claim that instead of XRP, Ripple’s stablecoin RLUSD will be used for global bank transfers. He responded to the allegations, highlighting that RLUSD cannot handle them Trillion dollar DTCC transfers Or 0.10% of 13,000 global banks with an offer of only 1.5 billion. He said that XRP, which contains Rolling supply Of more than 61.7 billion symbols, it is more positioned for this role.
Regarding the market capitalization, CharuSan said that a rise in the price of XRP is mathematically necessary to prevent volatility and bottlenecks in the global financial system.
Featured image from Freepik, chart from Tradingview.com
