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 the cryptocurrency media outlet Bitcoinist on May 1 (local time), as the influence of the Organization of the Petroleum Exporting Countries (OPEC) weakens and the dollar-centric payment structure falters, the possibility of XRP serving as a neutral bridge asset is gaining prominence. The outlet reported that the need for new payment infrastructure is growing amidst the trend of various countries expanding oil transactions in their own currencies.

Cryptocurrency analyst Ross evaluated OPEC's collapse 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, maintaining dollar hegemony, but this structure is currently weakening.

In particular, with some countries, such as the United Arab Emirates (UAE), beginning to sell 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 presented 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 noting that XRP's on-demand liquidity features, fast transaction speeds, and low fee structure can support this role. Experts believe that XRP has the potential to establish itself as an efficient alternative in a global payment environment with decreasing dollar dependence.

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