News View Non-AMP

Ripple News: Mike McGlone Doubts XRP’s Value as Price Predictions Surge Above $10

Published by
Anjali Belgaumkar

Ripple is back in the spotlight following the election of Donald Trump and Brad Garlinghouse’s ambitious plans with the former president. The price surged significantly after news of Gary Gensler’s resignation. With a new SEC chair in place and Brad’s recent dinner with Trump, it appears that things are finally starting to clear up for the coin.

In a recent podcast with Scott Melker, Bloomberg’s Mike McGlone expressed his confusion about the value of XRP, especially when comparing it to stablecoins like Tether. He noted that both XRP and Tether have market caps of around $100 billion to $140 billion, with crypto volumes growing daily. Despite this, he struggles to understand XRP’s value, given that stablecoins offer instant transactions with low costs and are generally considered secure. He questioned why XRP stands out in this context.

CEO and co-founder of CoinRoutes said that, “They (Ripple) believe their ledger will be used by the banking system to launch their own stablecoins or to use their stablecoin to do it. And if you believe that the XRP Ledger will be the technology that will underlie the replacement to Swift, you could come to a valuation somewhere between, you know, $7 and $10, which is not ridiculous.”

He continued, “I don’t talk about size ever, but I did because I looked at it and said, okay, they have the right connections, they have the regulatory headwinds that will be gone, and I think people are going to discount the fact that they’re going to have a real shot at being part of the backbone of the new financial system. I could have a $7 price target on my position, and that’s a really nice return. I mean, I don’t care. I’m not looking for 100x.”

Anjali Belgaumkar

Writer by choice, CryptoCurrency Writer, and Researcher by chance. Currently, focusing on financial news and analysis, as well as cryptocurrency news and data. One may not call me a crypto “Enthusiast” but trust me I'm getting there.

Recent Posts

Sui Crypto Technology Rival Bitcoin Solaris Introduces Dual-Layer Blockchain for Instant Wealth Generation

In the crypto world, where speed and scalability are the holy grails, a new contender…

July 2, 2025

Arizona Won’t Build Bitcoin Fund with Seized Assets, Says Governor Katie Hobbs

Arizona Governor Katie Hobbs has vetoed House Bill 2324, which aimed to create a “Bitcoin…

July 2, 2025

Rare $10M Casascius Bitcoin Bar Cracked Open After 13 Years, But Owner Loses It In Minutes

In one of the most gripping Bitcoin redemption stories to surface in years, a long-time…

July 2, 2025

Celsius Wins Key Round in $4 Billion Lawsuit Against Tether

Celsius Network just got the green light to take Tether to court over one of…

July 2, 2025

Bitcoin Cash Price Prediction 2025, 2026 – 2030: Will BCH Hit $1000?

Story Highlights The live price of Bitcoin Cash is Price predictions for 2025 range from…

July 2, 2025

ChatGPT Bitcoin Price Prediction for July 2025

As of July 2, 2025, Bitcoin is trading at $107,024.96, showing modest gains of 0.11%…

July 2, 2025