Tristan Tate, an internet celebrity, has questioned why supporters of XRP believe the cryptocurrency will reach $100 this year. XRP has gained significant interest this year, particularly after Ripple executives hinted at the possibility of the coin being included in the proposed US national digital currency stockpile. One response to Tate's question highlighted the utility of XRP in cross-border payments and liquidity solutions. Ripple, the company behind XRP, is positioning itself to benefit from potential regulatory clarity in the US. Rumors have circulated that the company signed a deal to support XRP and Ripple-USD appearing in official government digital asset discussions. Additionally, Senator Bill Hagerty has introduced a stablecoin bill in the US Congress, aiming to set clear regulations for stablecoins. If the bill is passed, it could pave the way for traditional financial institutions to adopt stablecoins, potentially boosting XRP's value. Ripple has also secured Money Transmitter Licenses in New York and Texas, signaling its growing footprint in the financial industry. Despite positive sentiment, some naysayers argue that XRP reaching $100 would require a market cap of $6 trillion, which they believe is unlikely. At the time of writing, XRP is trading at $2.63.



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