Teucrium Founder Predicts What Will Happen To Ripple If XRP Price Goes To $3
The potential impact of Ripple getting a full banking license benefits greatly after Teucrium Chief Executive Officer (CEO) Sal Gilbertie discussed the major holdings of the crypto company and the price of XRP. Analysts are now weighing up what it could mean if XRP price rises to $3 behind Ripple’s potential transition from a crypto-focused company to a fully licensed bank.
XRP Price When Ripple Becomes Top Bank
In a recent post by X, a crypto market analyst announced that Ripple could be a top 20 bank in the world by market capitalization if secured full banking license. He published a video interview featuring Teucrium CEO Paul Barron and the host of the Paul Barron Network.
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During the interview, Gilbertie laid out a scenario where Ripple could act became one of the largest banks in the world by simply maintaining its existing holdings of XRP. He stressed that if a crypto company gets a full banking license, its 40 million XRP held in escrow it can significantly increase the value of its balance sheet and increase its market position. By storing tokens, Ripple can automatically use it as a strategic asset in a regulated banking environment.
Gilbertie also pointed out that if the crypto company becomes a licensed bank, it can push the value of XRP to $ 3, and from there, Ripple could be placed among the top 20 banks in the world by money. The interview also explored possible scaling if XRP reaches “multiples of $3.” Teucrium’s CEO emphasized that Ripple’s value will grow in proportion to the value of the cryptocurrency, potentially propelling it to the top as the world’s leading bank.
The interview also talked about on-chain functionality and traditional financial infrastructure like ETFs. When Barron asked that Leveraged ETFs may be on-chainSal confidently said yes, noting that all financial tools will eventually work in tandem. His answer suggests a future where traditional currencies can be fully integrated with digital assets and blockchain technology.
Update Ripple Bank License Status
Ripple has continued to develop regulatory mechanisms that would allow it to operate with a bank-like mandate in the US. A crypto company before received first conditional approval from the United States Office of the Comptroller of the Currency (OCC) that national trust bank charter.
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This approval puts Ripple alongside a handful of other crypto companies that have also taken steps to become regulated banks under US law. Although full approval has not yet been granted, Ripple continues to develop its payment methods adoptionpartnership, and share purchased.
At the same time, XRP, the main token backed by Ripple, is currently trading at $1.43 after the merger. 14% this week to $1.6. Although it has given up many of its gains, analysts still maintain a bullish view of the cryptocurrency.
Featured image from X, chart from Tradingview.com
