XRP Could Drive ‘Biggest Economic Change’ in Decades: Crypto Expert

XRP Could Drive ‘Biggest Economic Change’ in Decades: Crypto Expert

Vincent Scott, a well-known voice in the XRP community, asked for patience while restating a big claim: he called XRP and the XRP Ledger, humanity’s “best chance” to change the way money moves around the world.

His message, shared on X, shows mixed optimism about Ripple. corporate movements with the caveat that legal clarity must come first.

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License movements and market positioning

According to Scott, Ripple’s licensing work, recent acquisitions, and new partnerships show that the company is preparing for much greater demand for XRP.

He argued that the token’s real value is practical: it can act as gas for transactions or as a bridge currency to move value between different systems.

Economic and political impact

Scott believes these changes could reduce fraud, increase competition between banks and other payment providers, and speed up settlements.

He also suggested that if countries needed smaller foreign reserves because payments were easier and cheaper, that would upset long-held financial balances.

That exchange rate could face a sharp setback. Scott noted that a decentralized setup of payments and reserves “ruins the existing power structure,” meaning political resistance is likely.

XRPUSD is currently trading at $2.51. Chart: TradingView

Community voices are divided

The post sparked a variety of reactions within the XRP crowd. Nenad Stojkovic said Ripple stands out for its infrastructure and regulatory measures, calling it a rare “serious financial company” in crypto, a view Scott agreed with.

One user, SonOfRichard, argued that Ripple’s new product, Ripple Prime, could lift XRP even without new laws since it already complies with some rules.

Scott pushed back and responded that real progress still needs clear laws. Other voices were critical; Tommy Raz questioned the company’s top leaders.

He spoke in its favor, saying that its actions match its stated mission and that some online comments, especially from Ripple CTO David Schwartz, are misinterpreted.

Market overview and analyst view

Meanwhile, an independent market watcher, CryptoBull, said Ethereum will rise soon, but predicted that XRP would outperform ETH in the short term.

Based on market movements, ETH rallied 9% to over $4,200 on October 27, while XRP rose 10% to $2.68 in the same stretch. Both subsequently fell from those highs.

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ETH is still up just 1.4% from its October 22 lows. XRP, on the other hand, has maintained a 6% gain and sits above the key $2.5 mark.

According to Scott, no major changes will happen until regulators and lawmakers finish their work. He pointed to comments by Rep. French Hill, chairman of the House Financial Services Committee, who said Congress could pass the CLARITY Law before the end of the year if the Senate moves.

Featured image from Unsplash, chart from TradingView

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