It is impossible for XRP to ever overtake Bitcoin's rate. XRP would then have to increase 50,000 times while Bitcoin would stand still. The more coins available, the lower the value of one coin will be. Bitcoin has a limited supply – 21 million coins.
Our Ripple price prediction estimates XRP could reach possible highs of $9 by the end of 2030. Based on its supply of 100 billion tokens, $1000 per XRP coin would put the market cap at 100 trillion. In comparison S&P 500 has a $32.2 trillion market cap, meaning XRP reaching $1000 is highly unrealistic.
A lot of people made a lot of money out of Bitcoin. Most of them invested in the early stages many years ago and sold recently near the top. Industry experts are predicting the next big thing may not be Bitcoin but Ripple.
While Ripple (XRP) has its unique features and use cases, it is unlikely to become the next Bitcoin.
It is unlikely for Ripple to hit $100, according to TU analysts. And it's even more unlikely for the token to reach $1,000. This is because for XRP to reach $1,000 per coin, its market cap would have to reach at least $100 trillion, which we're very unlikely to see any time soon.
To reach $500, XRP's market cap will be worth $26 trillion, which would be higher than the GDP of America today. It would be incredibly impractical for XRP to reach this level.
Ripple Labs co-founder Arthur Britto has expressed his belief that XRP, the digital asset associated with Ripple, is designed with the goal of reaching a price of $10,000.
To be an XRP millionaire, then, investors would need to hold more than 2 million XRP. However, a new price forecast suggests that investors could earn $1 million with just 100 XRP in their wallet.
The lawsuit argued that XRP should be classified as a security, similar to stocks or bonds, and therefore would be subject to SEC regulation. However, in a major development, U.S. District Judge Analisa Torres ruled partially in favor of Ripple on 13 July 2023.
Versluis' confidence in this assertion is compounded by the fact that XRP remains the only asset to have ever surpassed Ethereum in terms of market cap.
Transaction Details
XRP transactions are both cheaper and faster than Bitcoin transactions. Since Bitcoin requires computers to solve complex cryptography problems, it can be time-consuming. On the other hand, XRP transactions take just seconds to process and confirm.
Theoretically, XRP might reach new heights in 10 years if the Ripple business performs well. Most experts agree that Ripple's price can rise to the $250 range–$3 in ten years based on current predictions. According to Ripple Coin News, the price of Ripple might reach $30 in ten years.
Despite many challenges posed by adopting blockchain technology for international banking, XRP holds a strong position in this industry. There are many use cases for the blockchain, and it is used by many banks due to its operational benefits.
Approximately 247,016 XRP tokens have been permanently burned and removed from circulation during this period, at an average rate of about 8,233 tokens per day. Neil Hartner, a senior staff software engineer at Ripple, took to Twitter to clarify the cause behind this unexpected XRP burn spike.
To reach $20, XRP would need to increase in price by 29x from its current price, not an entirely unrealistic target for an asset that has a market cap of $37 billion. At $20, XRP's market cap would be worth $1 trillion. Though this is a very large valuation, it's certainly not impossible.
No gold for XRP
The blockchain developer explains his view that XRP is a decentralized cryptocurrency with finite supply, which trades on the open market and has no issuer to hold collateral for gold. For this reason, Hamilton explains, XRP cannot be inflated to have a peg with another asset.
Based on current projections, most experts have agreed that Ripple's price can go up to the $250-$300 range in ten years. Ripple Coin News says that Ripple price could rise to $30 in 10 years.
However, the world of cryptocurrencies is known for its wild swings and unpredictability. Drozdz adds a note of caution: “Investing in XRP is risky and may not be suitable for most investors due to the high price volatility and the difficulty in predicting future trends in the cryptocurrency market.”
The Bottom Line. The Ripple system has advantages over the Bitcoin network due to its faster processing times and cheaper transaction charges. But BTC is better-known and more widely used worldwide.
XRP To Hit $50 Amid Legal Woes? XRP faces a significant hurdle to reach the projected price of $50, as it would require a remarkable rally of approximately 9,600%.
The XRP Ledger first launched in June 2012. Shortly thereafter, they were joined by Chris Larsen, and the group started the Company NewCoin in September 2012 (quickly renamed OpenCoin and now named Ripple). The XRPL founders gifted 80 billion XRP, the platform's native currency, to the company.
The all-time high of XRP is $3.84.