Ripple (XRP) Shakes Dollar’s Dominance in Global Market, Will XRP Price Rise in the Near Future?

Jakarta, Pintu News – The use of Ripple in international financial transactions is beginning to show its potential to reduce dependence on the United States dollar. With the innovations and strategies carried out by Ripple, this digital currency has great potential to change the map of global economic power.

Cross Border Payments

From 2015 to 2018, RippleNet, the payment network of Ripple, started to gain attention. The On-Demand Liquidity (ODL) service allows institutions to transfer funds instantly using Ripple (XRP), thus eliminating the need for pre-financed US dollar accounts.

This is slowly starting to shake the position of the US dollar, which has been considered the main currency in the settlement of cross-border transactions. With a more efficient system, Ripple (XRP) not only reduces transaction times, but also the costs involved. This makes Ripple (XRP) an attractive alternative for financial institutions looking to reduce dependence on the dominant traditional financial system.

Also Read: Shocking Prediction of Long-Term Analysis by Javon Marks: XRP Price Could Hit $21?

Alternative to the Dollar

Amidst the growing interest of several countries to find alternatives to the US dollar, especially in blocs like BRICS (Brazil, Russia, India, China, South Africa) and ASEAN, Ripple is strategically introducing Ripple (XRP) into new trade corridors.

Some governments are starting to consider Ripple (XRP) as a settlement layer to avoid using USD entirely, which could update outdated structures and protect them from monopolistic tactics in global finance.

Ripple’s (XRP) ability to provide fast and secure transaction settlement offers an attractive solution for countries looking to reduce the dollar’s dominance in international trade. It also opens up opportunities for countries to be more independent in managing their economies.

Sanctioned Countries

SWIFT is the primary communication network used by banks to communicate and settle international payments, involving over 11,000 institutions in more than 200 countries. However, sanctioned countries can use Ripple (XRP) for trade without having to access USD reserves, making Ripple (XRP) a strategic alternative for countries facing financial exclusion.

By using Ripple (XRP), these countries can continue their international trade activities without being hampered by restrictions on access to global financial markets. This not only helps in maintaining economic stability, but also provides leverage in international negotiations.

Conclusion

Ripple (XRP) shows significant potential to become a key player in reducing the dominance of the US dollar in the global economy. By continuing to develop the technology and expand the network, Ripple (XRP) can provide an efficient and inclusive alternative to the current global financial system.

Also Read: Is Dogecoin (DOGE) Due for a Decline? Descending Triangle Pattern Indicates This

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Reference

• Crypto News Flash. 3 Ways Ripple Plans to Dismantle Dollar Dominance with XRP. Accessed on June 9, 2025
• Featured Image: Coingape