Three reasons why the price of XRP will explode and soon reach 10 dollars

Ripple's XRP is up more than 30 percent in the last 24 hours and is trading around the $1.45 level. The resignation of SEC Chairman Gary Gensler sparked this massive rally, and experts are now predicting between $5 and $10.

Analyst Checky Crypto took to his latest video and revealed some little-known use cases that could further boost XRP's value. Here is the breakdown of the analysis and reasons why XRP could rise to new highs.

XRP for Payments: Exchange Transactions

XRP is designed to make international money transfers faster and cheaper. Sending money globally in less than days is now possible with XRP's peer-to-peer payment system. This efficiency makes XRP the go-to choice for fast and secure transactions. It also offers a feature that allows businesses to set specific rules for deposits, reducing fraud risks and increasing financial security. With XRP smart contracts, transactions are executed instantly when certain conditions are met, reducing costs, reducing errors and building trust.

XRP and tokens: new digital asset opportunities

XRP allows for the creation of stablecoins pegged to assets such as the US dollar. This helps bridge traditional finance and crypto, providing a stable, less volatile alternative to digital transactions. Ripple's platform supports the creation and trading of non-volatile tokens (NFTs), empowering creators to sell unique digital goods while ensuring efficiency and security.

It allows trusted entities to issue mint tokens on the ledger, ensuring that only legitimate tokens are issued, helping to protect the integrity of digital assets.

XRP in DeFi: paving the way for decentralized finance

XRP's fast transaction speed and secure infrastructure algorithm make trading more efficient. Traders can take advantage of market opportunities instantly. With more exchanges listing XRP, its visibility and liquidity increases, increasing its credibility and acceptance in the global market.