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

The news content discusses Ripple's recent developments, including the election of Donald Trump and the plans of their CEO Brad Garlinghouse with the former president. The price of Ripple's XRP surged after the resignation of Gary Gensler. The appointment of a new SEC chair and Brad's dinner with Trump indicate a positive outlook for the coin. In a podcast, Bloomberg's Mike McGlone expresses confusion about the value of XRP compared to stablecoins like Tether. Despite similar market caps, he questions why XRP stands out when stablecoins offer instant transactions with low costs. The CEO of CoinRoutes suggests that Ripple believes their ledger will be used by the banking system to launch stablecoins or to replace Swift. He believes this could lead to a valuation of $7 to $10 for XRP. However, he mentions that he is not focused on size or high returns and is instead interested in the potential of XRP being part of the new financial system.

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