Ripple is developing a new oracle designed to directly pull data from traditional bank ledgers. This move positions Ripple to compete with Chainlink, the current market leader in blockchain oracles, by providing a unique solution for financial institutions that want to integrate with blockchain technology.
Crypto researcher SMQKE points out that Ripple’s long-standing relationships with major financial institutions give it a competitive edge, allowing it to provide a highly reliable and compliant oracle solution. This oracle could also enhance RippleNet and XRP liquidity by adding real-time data and automation to its system. The development comes at a critical time, as more banks are looking to modernize their operations and improve transparency.
Market Expert Maxi Says XRP’s $8-$10 Target is Still Viable
According to market expert Maxi, XRP’s long-term price target of $8-$10 remains firm, even though the token is currently priced at $2.96. Maxi believes that XRP’s real-world utility in cross-border payments is a key factor driving its long-term potential. This use case allows banks to conduct international transactions more quickly and at a lower cost, which builds investor confidence.
Maxi emphasizes that the $8-$10 target is based on XRP’s historical trends, market-cap potential, and adoption trajectory. To maintain its bullish momentum, XRP needs to reclaim the $3.30 price point.
Conclusion
Ripple’s development of a bank-integrated oracle represents a significant strategic shift, transforming the company from a payments solution to a core infrastructure provider for modern finance. This move directly challenges Chainlink and reinforces Ripple’s role as a bridge between traditional and decentralized finance. Simultaneously, market expert Maxi’s analysis suggests that XRP’s price is on a long-term, utility-driven trajectory, with an ultimate target of $8-$10 despite short-term market volatility.
August 2025, Cryptoniteuae
