Bitcoin Investor explains how XRP will see a controlled launch at $ 50 soon

Pumpius, an experienced Bitcoin investor, has presented a bold case for XRP Path at a price of $ 50.

He attributes The possible increase in not marketing exaggeration, but into a regulatory milestone that could transform undulation into a central player in US finances. In particular, Pumpius sees the XRP price explosion derived from the search for Ripple of a key bank license.

Ambition from the Ripple’s Occ Bank letter

Ripple is currently in the process of acquiring a letter from the National Bank under the US Office of the Comptroller of La Moneda (Occ). The request was submitted in July, and a decision could come as soon as October, depending on the approval schedule of 120 days of the Occ.

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Pumpius said that this is the same license used by the main banking institutions such as BNY, JPMorgan and Citi A custody billions of dollars in assets.

In other words, ensuring this approval would allow Ripple to operate as a large -scale national bank, instead of only one startup Fintech. Meanwhile, XRP will feed your settlement system.

Why the approval could redefine XRP

With a letter from Occ, Ripple would obtain direct access to the Federal Reserve, the Cryptography Custody Authority and Tokenized Assets, and the ability to issue Stablecoins and liquidate values.

According to Pumpius, this configuration would omit traditional intermediaries, allowing banks, runners and funds to use Ripple as their direct bridge towards tokenized finances. In this model, XRP becomes the asset of the central bridge, central for the new liquidity network.

The $ 6.6 billion settlement pipe

Pumpius’s analysis emphasizes that global bank agreements add up to $ 6.6 billion per day. Even a small fraction of this volume that flows through XRP, given its limited supply, could send the price upwards, he said.

According to this liquidity model, Pumpius argues that $ 50 per XRP is not speculative, but a logical result of climbing adoption.

For the context, XRP is currently quoted to only $ 2.72, which means that Pumpius anticipates an increase in the value of 1,673% in the value, driven by its usefulness in liquidity services. In addition, a price of $ 50 would give XRP a market capitalization of approximately $ 3 billion, exceeding the current Bitcoin market capitalization of $ 2.1 billion.

Timely transition

Meanwhile, Pumpius said that Ripple’s long legal battle with the SEC has concluded, eliminating regulatory obstacles that may have delayed progress. He believes that demand was not the real obstacle, but rather a necessary step towards regulatory alignment and the eventual approval of Occ.

Interestingly, Pumpius said that the day of the Letter of the Bank of Ripple is approved, will mark the XRP transition from a cryptographic active to a fundamental component of the United States financial infrastructure.

The analyst insists that this will not be a commitment to the moon, but rather a “controlled launch” of XRP in the heart of the global bank.

Undulating banking license faces strong resistance

However, the main banking groups and credit cooperatives, led by the Association of American Bankers, are urging the western United States to delay decisions on federal requests of Ripple banks and other cryptographic companies such as Circle.

They argue that cryptographic services do not comply with fiduciary standards and warn that granting charter without public contributions would overlook decades of regulatory precedents.

In addition, they affirm that I would give cryptographic companies an unfair advantage by allowing them to leave aside the license requirements at the state level.

Diguez: This content is informative and financial advice should not be considered. The opinions expressed in this article may include the author’s personal opinions and do not reflect cryptographic basic opinion. Readers are encouraged to investigate exhaustive before making investment decisions. Crypto Basic is not responsible for any financial loss.