Could OPEC's collapse be an opportunity for XRP...Global financial restructuring begins

▲ XRP, Gold, Crude Oil/AI generated image ©

An analysis suggests that XRP (Ripple) could emerge as a key infrastructure for changes in the global financial order.

According to cryptocurrency specialized media Bitcoinist on May 1 (local time), with the weakening influence of the Organization of the Petroleum Exporting Countries (OPEC) and the shaking of the dollar-centric payment structure, the possibility of XRP serving as a neutral bridge asset is gaining prominence. The media reported that as countries expand oil transactions in their own currencies, the need for new payment infrastructure is growing.

Crypto analyst Ross evaluated the collapse of OPEC as an event that could be 'rocket fuel' for XRP. He explained that the petrodollar system, formed through an agreement between the United States and Saudi Arabia in 1974, spread centered around OPEC and maintained dollar hegemony, but this structure is currently weakening.

In particular, as some countries, such as the United Arab Emirates (UAE), began selling oil in their own currencies rather than dollars, there is a growing need for neutral and fast settlement methods in inter-country payments. Ross argued that XRP is suitable as a bridge asset to connect cross-border transactions in this environment.

Versan Aljarrah, founder of Black Swan, also expressed a similar view. He assessed that the weakening of the petrodollar and the trend of OPEC's dissolution signify a transition to a multipolar financial system, and in this process, XRP could become a key infrastructure connecting the existing financial system with the new structure.

The market is paying attention to XRP's on-demand liquidity function, fast transaction speed, and low fee structure, which can support this role. Experts believe that XRP has the potential to establish itself as an efficient alternative in a global payment environment where dollar dependency is decreasing.

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