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.
Ripple is the company behind the cryptocurrency XRP. XRP is the native token for a blockchain mainly known for its digital payment network and protocol.
What Gives XRP Value? XRP gets its value from various factors, but mostly from Ripple's ability to work with institutions and from its ability to quickly and cost-effectively be exchanged for any currency or asset.
XRP is perfectly positioned to serve as a world reserve currency. It can be held in significant quantities to provide liquidity for foreign exchange reserves, international transactions and investments, and all other uses throughout a global economy.
XRP is a cryptocurrency that runs on the XRP Ledger, a blockchain engineered by Jed McCaleb, Arthur Britto and David Schwartz.
Instead, every single one of the 100 billion XRP that will ever exist has been created by Ripple and is held by the company, with a certain amount released onto the open market every month.
Some XRP holders are even wondering if Ripple could reach $10,000. The short answer is that Ripple will never reach $10,000 or a price even close to this level. The reason for this is that the supply of XRP is simply too large for the coin to reach $10,000 in any realistic scenario.
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.
While it's not impossible for XRP to experience price appreciation in the future, most analysts believe that reaching $100 is highly unlikely as it would require extraordinary circumstances and a substantial shift in market dynamics.
To reach $500, XRP's market cap will be $26 trillion. That is the size of the US GDP today and 6-7 times the market cap of Tesla today. Mathematically and in theory this is feasible.
Can Ripple (XRP) Hit $100 or $1000? 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.
Cross border payments
Ripple XRP works very fast as a payment system and allows banks to make international settlements in real-time. This makes it very easy for international banks to create RTGS systems for facilitating international trade. Many international banks are integrated into RippleNet.
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.
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.
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.
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.
Crypto hedge fund manager, Thomas Kralow, previously predicted that XRP would hit $30 a coin in 2023. This prediction fails to consider the mathematical improbability of XRP reaching this price, as the circulating supply of 100 billion coins means the project's market cap would be $3 trillion dollars.
This Crypto Analyst Thinks Yes. Analyst suggests that XRP is currently in an accumulation phase, and calculates the price rally needed to hit the ultimate $50 XRP Price. XRP has recently attempted a breakout, reaching a two-month high of $0.5658 before facing significant resistance.
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.
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.
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. We'll take a closer look at this bold new XRP price prediction to see if it's realistic.
It's important to note that long-range cryptocurrency price predictions are almost entirely speculative. There's no reliable way to determine what prices will be years from now. That said, experts see XRP continuing to gain value through the next few years.
Our XRP coin forecast suggests the average price of XRP may be $0.70 in 2023. According to our price predictions, the average coin price will stay above $1.00 in 2025, and the XRP price may rise to a maximum of $1.24, projecting growth in the future. The uptrend movement is expected to stay for the cryptocurrency.