In a recent interview with FOX Business, Sound Planning Group CEO David Strizhevsky revealed that Bank of America has integrated XRP into 100% of its internal transactions. Strizhevsky noted that the bank has also filed 83 patents on Ripple. In this context, he explained that this development makes #xrp a key component of the future of finance.
It is worth noting that there is no conclusive evidence behind these claims. However, there is some documented evidence that points to cooperation between the banking institution and the blockchain payment network. Strzykowski also shared an optimistic view on XRP. He concluded that despite regulatory restrictions, XRP is moving forward and the success of the RLUSD stablecoin will strengthen its position in the payments sector. In this context, Strzykowski made the following statement:
FOX Business discusses Ripple and XRP’s relationship with Bank of America! Ripple is going to be the runway on which everything will work in the future. Bank of America, as I said, has been doing 100% of its transactions internally. They have 83 different patents on this and something amazing is about to happen soon.
This engagement allowed Ripple’s CEO to meet with Donald Trump. This is another notable moment that provides a bullish outlook for XRP. Analysts see this meeting and Bank of America’s XRP news as influential factors that will help the digital payment network with regulatory issues and global adoption, ultimately leading to a higher price.$XRP In the long run.
Will XRP price reach $4 with this news?
Despite the bearish trend today, the long-term price trajectory suggests a bullish performance for XRP in the near future. Given the bullish performance in the past two months and reaching a seven-year high, analysts are expecting a significant increase in the price of XRP by the end of January. Currently, $XRP is trading at $2.32. However, experts are predicting a long-term target of $3.50 – $4 by the beginning of February.
