The XRP Ledger is on track to facilitate over $1.5 trillion in cross-border payments annually, making it an attractive option for global transactions. According to analyst Vincent Van Code, this significant figure counters claims that XRP is a scam token. As Ripple continues to work towards achieving its goal of using XRP as a multi-trillion-dollar asset, the cryptocurrency's price may not reflect its true value in the short term.
Van Code emphasizes that XRP's core utility as a payments solution will drive long-term potential. He urges investors and holders to remain patient as XRP builds real-world use and expands its network.
The recent SEC lawsuit over Ripple and XRP has come to an end, but the price of XRP remains stagnant at around $1.3. Despite this, Ripple CEO Brad Garlinghouse has expressed his confidence in XRP's importance, stating that 'all roads lead back to Ripple’s North Star, XRP.'