Ripple Explores Partnership with Former PayPal CFO, XRP Price Eyes $1
Ripple Labs is exploring a new partnership with Neil DeSilva, the former CFO of PayPal Digital Currencies, sparking excitement in the crypto community. This potential collaboration could further boost XRP’s price, which is currently trading at $0.5605, up 3.58% in the last 24 hours.
Ripple and DeSilva’s Vision
At the Ripple Swell Conference in Miami, DeSilva and Ripple CFO Jon Bilich discussed how they could minimize risks in digital asset exposure while building a sustainable blockchain business. Their conversation also touched on tokenization and stablecoins—areas Ripple has been focusing on in recent months. Some speculate that this partnership could help push XRP closer to the $1 mark.
Ripple’s Push Into Stablecoins
This news follows Ripple’s announcement of RLUSD, its new U.S. dollar-backed stablecoin. Ripple CEO Brad Garlinghouse described RLUSD as the future “gold standard for enterprise-grade stablecoins,” with a focus on trust, liquidity, and compliance.
Ripple has partnered with exchanges like BitStamp, Uphold, and Moonpay to launch RLUSD, further cementing its commitment to the $172 billion stablecoin market, which is currently dominated by Tether’s USDT.
XRP’s Bullish Outlook
With these developments, Ripple is positioning XRP for growth. XRP’s current market cap stands at $31.75 billion, and analysts are optimistic about its near-term potential. The Relative Strength Index (RSI) of 52.27 indicates that XRP’s price momentum is leaning bullish, with room for further gains.
As Ripple continues to expand its projects and partnerships, XRP’s path to $1 seems more achievable than ever.
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Disclaimer: This article is for informational purposes only and does not constitute financial advice. The views expressed are those of the author and not necessarily those of CryptoInsider. Readers are encouraged to conduct their own research before making any financial decisions.
