RippleNet Members Ripple collaborates with financial institutions worldwide; more than 100 financial institutions have joined RippleNet, including: Santander (USA)
Used by large financial institutions.
Large enterprises can also use Ripple as a transaction platform. Santander and Bank of America are a few using this network, demonstrating it already has larger institutional market adoption than most cryptocurrencies.
Santandar, Axis Bank and Yes Bank are a few using this network, demonstrating it already has larger institutional market adoption than most cryptocurrencies.
CryptoNewsZ predicts that XRP could rise to as high as $0.68 in 2025. Trading Education is highly optimistic, with price predictions as high as $8.76 for 2025 — about a 2,449% increase over its current price.
XRP has not entered mainstream use quite yet. The financial institutions that use Ripple's network are still in the testing phase. While XRP has potential in the international payment space, it has yet to be thoroughly tested by large, mainstream banks.
Is It Too Late to Buy XRP in 2022? It's still not too late to buy XRP in 2022, especially if you invest in crypto assets for the long term. The world of crypto assets is unpredictable. Every crypto asset will have its ups and downs throughout the year.
Ripple Labs may have won a hard-fought battle in wresting documents from the Securities and Exchange Commission that it says supports its case against the agency, but that does not mean it will prevail in a $1.3 billion suit against it for selling the XRP XRP +1.3% cryptocurrency as an unregistered security.
In the latest development, the Bank of Australia's largest financial conglomerate, CommBank, said that they would be using Ripple's XRP and ISO 20022 standard for cross-border payments.
XRP currently has 45,404 billion tokens in circulation, while its total supply counts 100 billion XRP tokens.
CEO Brad Garlinghouse said a few countries have reached out to Ripple about relocating. Ripple CEO Brad Garlinghouse said the crypto company will move to another country if it loses in its legal battle with the SEC.
XRP has gained the trust of both financial institutions and investors, which could make it a more reliable, stable investment than some other alt-coins. Additionally, XRP has a finite number of coins, unlike some other cryptocurrencies, where tokens are constantly being created and mined.
If XRP is declared a security, Ripple Labs would be ordered to pay a fine for selling unregistered securities. They would also have to give each XRP investor a share in the company. The price of XRP would most likely fall significantly right after due to panic sell-off but it would recover stronger afterwards.
Ripple's founders created XRP in 2012. The SEC sued the San Francisco-based company and its current and former chief executives in December 2020, alleging they have been conducting a $1.3 billion unregistered securities offering since the token's creation.
XRP Price Predictions Long Term Outlook
As a long-term investment, it is projected that Ripple could perform very well. According to predictions, the value of the Ripple XRP token could rise to $0.5 in 2023, and achieve a mean price of $1.2 by 2025.
If the Ripple business performs well, in 10 years, XRP can theoretically exceed new heights. 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.
The website suggests XRP coin continues on bullish momentum and by 2025, Ripple might be trading at $1.72 as the highest price. In their long-term predictions, Ripple could potentially reach a maximum level of $2.79 in 2028 and by 2031, Ripple might reach an all-time high of $7.30.
Coinbase is delisting XRP, Bitcoin Cash, and Ethereum Classic because of "low usage." Coinbase has announced that it's removing XRP, Bitcoin Cash, and Ethereum Classic from its crypto wallet.
Currently, the Ripple payment network works with worldwide financial institutions from over 55 countries.
Ripple and its founders also own a significant amount of XRP. Most exchanges' XRP holdings are usually customers' deposits kept in reserves. This explains why Binance has one of the largest supplies of XRP coins. The exchange holds 77.49% of the XRP supply on exchanges, according to Coincarp.
Our XRP coin forecast suggests the average price of XRP may be $1.01 in 2023. According to our price predictions, the average coin price will stay above $5.0 in 2025, and the XRP price may rise to a maximum of $5.2, projecting growth in the future. The uptrend movement is expected to stay for the cryptocurrency.
Finder's panel expects the XRP price to trade as high as $0.90 by the end of December 2022 from the current price of $0.53. However, should XRP lose its case with the SEC the panel expects its value to drop to $0.24.
Overall, the chances of XRP reaching $5 in 2023 will depend on a combination of legal, economic, and market factors. While it is possible that XRP could reach this price point, it is also important to keep in mind the many uncertainties and risks involved in the cryptocurrency market.
Investing $100 in Ripple's XRP could make you a millionaire if you hold onto your XRP holdings for the long term and its value crosses $10,000. Fortunately, the cryptocurrency market is still enjoying the bulls so XRP could attain new price milestones in the not-too-distant future.