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- The IMF is playing a larger role in shaping Ripple’s impact on global finance.
- XRP’s price is driven by speculation and constant legal matters.
- Ripple’s partnerships are helping expand digital currency use in new regions.
The International Monetary Fund continues to influence the cryptocurrency market and is attracting attention from investors and enthusiasts. Recent discussions suggest the IMF may have set a higher price for XRP, far beyond its current market value. Ripple’s key partnerships and ongoing developments keep XRP in the spotlight as these claims fuel speculation.
The $XRP price has been already set by the IMF and it's in the thousands.”
— ⚔️ XRP Avengers ⚔️ (@XRP_Avengers) October 23, 2024
The official price of gold is set twice a day: at 10:30am and 3pm GMT.
This is called “Gold Fixing” and is decided by the LBMA.
I could really see #XRP price set a long time ago by IMF or BIS. pic.twitter.com/AynwT2irW7
An analyst, XRP Avengers, recently claimed on the X platform that the IMF had already set XRP’s price “in the thousands.” This bold statement has increased interest in Ripple’s potential, as investors remain focused on the company’s growing influence in the digital currency space.
Ripple Alliances and Global Impact
In traditional finance, the price of gold is set through a process called “Gold Fixing,” done twice daily by the London Bullion Market Association . Meanwhile, Ripple has made essential moves in the cryptocurrency market. The IMF has recently highlighted Ripple and its XRP blockchain for their role in supporting global digital currency projects.
One notable cooperation involves Ripple and Palau, where they are exploring the creation of a sovereign stablecoin. Ripple’s technology is also featured in discussions about Central Bank digital currencies. These cooperations reflect Ripple’s growing impact on the financial sector and its ability to provide innovative solutions.
The IMF report mentions Ripple’s work in digital payment systems across Pacific Island countries, particularly where customary banking systems are limited. This shows Ripple’s increasing influence in regions seeking new financial technologies.
XRP Price Specification and Legal Developments
Many predictions about XRP’s price have surfaced. While some expect XRP to reach $1,000, experts see this as unrealistic. Some analysts predict coins like ONDO, TRAC, and FET could perform better short-term, though platforms like CYBRO may offer promising decentralized finance options.
XRP’s price movements have also been shaped by ongoing litigation between Ripple and the U.S. Securities and Exchange Commission . Rumors suggest the SEC may have missed a critical filing deadline in October, possibly weakening its case against Ripple. This has led to speculation about the outcome of the SEC appeal.
In addition, debates over digital currency laws have entered American politics. John Deaton, a crypto lawyer, has criticized Senator Elizabeth Warren for focusing on anti-crypto policies over more pressing economic issues.