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HomeCrypto NewsMarketPundit More Elated to See XRP as World Reserve Currency Over Anticipated $25 Price

Pundit More Elated to See XRP as World Reserve Currency Over Anticipated $25 Price


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Prominent XRP community figure Dig Perspectives is more excited to see XRP as a world reserve currency over a potential $25 price target surge.

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Several analysts have projected ambitious price targets for XRP, citing favorable price movements. Amid these projections, prominent XRP community figure Dig Perspectives is more excited to see XRP as a world reserve currency.

In a recent post on X, Dig Perspectives set sights beyond the long-term price targets of $10 to $25 for XRP. The influencer disclosed this while responding to Edward Farina, Head of Social Adoption at XRP Healthcare.

While he confirmed that he could revel in profit-taking trades if XRP rallies to $10 or $25, Dig Perspectives emphasized that he would be more elated to see XRP assume the position of world reserve currency.

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XRP as World Reserve Currency?

This vision of XRP as a world reserve currency, a role traditionally held by established fiat currencies, challenges the conventional discourse surrounding cryptocurrencies. 

Dig Perspectives’ remarks show that he is placing paramount importance on XRP’s broader utility and significance. 

Farina’s original post, featuring a screenshot of a Google search result projecting XRP as a future world reserve currency, set the stage for the optimistic outlook. However, this projection is not recent and doesn’t originate from Google itself.

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The idea that XRP could evolve into a world reserve currency was initially put forth by Mark R. Philips, a director at the National Defense University, in a 2019 LinkedIn post

Philips’ argument hinged on the escalating global debt crisis, which he posited could prompt the emergence of a new reserve currency. Yet, skepticism persists among experts about the practicality of this transformative shift. 

Given the complexities of the global financial landscape, the notion of XRP assuming the mantle of a world reserve currency is both thought-provoking and speculative. While the enthusiasm is undeniable, the road to such a change features uncertainties.

Ripple CTO’s Opinion

Despite the skepticism, Ripple CTO David Schwartz’s position on the matter is more optimistic than most.

As The Crypto Basic reported earlier this month, Schwartz confirmed that he believes digital assets could challenge the US Dollar’s dominance as the world reserve currency. 

While Schwartz did not specifically mention XRP, the asset fits the description along with other cryptocurrencies.

Schwartz confirmed that he believes multiple currencies can coexist as significant reserve assets. This would signify a paradigm shift in global finance.

In addition to the vision of XRP as a world reserve currency, the prospect of XRP reaching price targets of $10 or $25 is equally audacious.

Presently trading for $0.5178, a surge to $10 would require a 1,831% increase. Similarly, for XRP to hit $25, it must surge by a massive 4,728%.

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Disclaimer: This content is informational and should not be considered financial advice. The views expressed in this article may include the author's personal opinions and do not reflect The Crypto Basic’s opinion. Readers are encouraged to do thorough research before making any investment decisions. The Crypto Basic is not responsible for any financial losses.



Albert Brown
Albert Brownhttps://thecryptobasic.com/
Albert Brown is a cryptocurrency investor and journalist who has been in the nascent space since 2017. His love and passion for technological innovations made him delve deeper into the world of blockchain and cryptocurrencies. As a journalist, Brown has written on several crypto-related topics that have been referenced by popular industry players like Tyler Winklevoss, Binance CZ, etc.

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