CharuSan XRP, a market analyst, believes the XRP price could rise immediately to $300 once banks begin using it as a global settlement asset. The analyst framed this to function as a global payment rail, not a speculative move. Furthermore, CharuSan noted that people who believe could serve as a settlement layer instead of XRP are completely missing the point, citing supply dynamics to support his claims. 

XRP Price Forecasted To Jump To $300 After CLARITY Act

In an X post this week, CharuSan that XRP could rise to $300 shortly after is passed. If this happens, he believes that banks will begin adopting XRP globally, increasing demand for the token and likely fueling a price surge as more capital flows through it. 

CharuSan argued that anyone who believes that XRP will only reach $5 or $10 does not understand how banking infrastructure works, comparing that mindset to viewing banks as separate grocery stores. He pointed out that Ripple, the largest holder of XRP, has such as Volante, ACI, Worldwide, and FINASTRA. These institutions do not operate independently but serve thousands of institutions at the same time, acting as a single large network with a vast number of banks linked to it. 

Because of this, CharuSan said Ripple does not need to sign individual contracts with every bank. He noted that the moment the crypto company links to the central cloud, every bank tied to that system would instantly gain access to . 

CharuSab also pushed back on the idea that it would take years for , arguing that those who believe this fail to understand how fast the software world is. As a payment system, the analyst said that XRP, priced at just $10 to $20, would be like trying to move an ocean of water through a small straw. 

He said a much larger pipe is needed to handle that volume. He noted that as XRP’s price increases, so does its ability to handle large-scale global transfers at much greater speed. 

Analyst Argues XRP, Not RLUSD, Will Be Used By Banks

Responding to crypto members who pushed back against his claims, CharuSan in a separate post that many XRP holders and critics “have no clue” what volatility, liquidity, slippage, bottlenecks, or really mean. He argued that they are unaware of the roles of major banks and payment providers such as JPMorgan Chase, Mastercard, the DTCC, ACI, Volante, and others. 

The analyst stated that many people keep claiming that, rather than XRP, Ripple’s stablecoin RLUSD will be used for global bank transfers. He fired back against these claims, highlighting that RLUSD cannot handle or 0.10% of the 13,000 global banks with a supply of just 1.5 billion. He said that XRP, which has a of over 61.7 billion tokens, is more positioned for this role. 

In terms of market value, CharuSan said that a high XRP price is mathematically necessary to prevent volatility and bottlenecks in the global financial system.