Wednesday, June 19, 2024
HomeCryptocurrencyForbes: XRP Poised for Price Boom Amid Dollar Collapse Warnings

Forbes: XRP Poised for Price Boom Amid Dollar Collapse Warnings

A recent Forbes article by Billy Bambrough highlights factors that could significantly benefit the XRP and other top cryptocurrencies, including Bitcoin. The article highlights the potential decline of the U.S. Dollar’s reserve currency status and a predicted shift in global monetary policy.

The U.S. Dollar’s Weakening Role

The International Monetary Fund (IMF) issued a warning about a “striking” decline in the U.S. Dollar’s role in global reserves, as reported by Forbes. This trend, alongside central banks diversifying their holdings with nontraditional currencies, suggests a potential flight from the dollar.

Read Also: Forbes: XRP To Follow As Bitcoin Clears Path To $150,000

As quoted by Forbes, IMF economists.”This recent trend is all the more striking given the Dollar’s strength, which indicates that private investors have moved into dollar-denominated assets.”

This scenario presents an opportunity for alternative assets like XRP. As the dollar weakens, investors seeking a hedge may turn to cryptocurrencies. XRP, specifically designed for facilitating cross-border payments, could see increased adoption due to its advantages in speed and efficiency over traditional systems.

XRP can also benefit as a potential Central Bank Digital Currency (CBDC). With the U.S. Dollar’s weakening role as the global reserve currency, countries may be looking for alternatives. Meanwhile, BRICS is currently considering XRP as its bridge currency, and more could follow suit.

Monetary Easing and Rising Asset Prices

Furthermore, the Forbes article cites analysts at Bitfinex who predict a global trend towards monetary easing, with the Federal Reserve potentially cutting interest rates after a period of tightening. “Central banks around the world have already started to cut rates, which suggests a broader trend towards monetary easing,” the analysts wrote.

Historically, periods of loose monetary policy have been associated with rising asset prices, including cryptocurrencies. An increase in the global money supply could provide the liquidity needed for a sustained price surge in the crypto market, potentially benefiting XRP.

Read Also: Forbes Examines the Cardano (ADA) Potential for the Remainder of 2024 

While XRP is positioned to benefit greatly from these developments, other major cryptocurrencies like Bitcoin and Ethereum might also experience positive movement under these conditions.


A prominent analyst recently shared a message of hope for XRP holders, dispelling the fear, uncertainty, and doubt (FUD) among newer investors. Although the digital asset has shown lackluster performance for a prolonged period, a major change could be on the horizon.

Disclaimer: This content is informational and should not be considered financial advice. The views expressed in this article may include the author’s personal opinions and do not represent Times Tabloid’s opinion. Readers are urged to do in-depth research before making any investment decisions. Times Tabloid is not responsible for any financial losses.

Follow us on Twitter, Facebook, Telegram, and Google News

Tobi Loba
Tobi Loba
Tobi Loba is a passionate writer with a vast interest in the stock market. She joined the crypto ecosystem about three years ago and has written lots of ebooks and articles in relation to cryptocurrency and blockchain projects. Tobi Loba earned her degree at the University of Ibadan.

Latest News & Articles