While XRP has been exhibiting a bullish trend, and a favorable outcome in the XRP vs. SEC lawsuit could provide additional upward momentum, it is highly unlikely that XRP will reach the $100 mark in 2023.
To reach $100, XRP will have to rise 209x. That translates to a market cap of $5.2 trillion (equal to 12x the current market cap of Tesla). This looks incredibly unrealistic.
Will XRP be worth $1000 by 2030? 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.
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.
Given the current conditions, which are completely different, it is likely that XRP would take even longer than 216 years to reach $10,000. In a combination of the above scenarios, the number of coins circulated would fall substantially making it possible for Ripple to reach $10000 in say 3-4 decades.
XRP Price Forecast for December 2023
Having analyzed XRP prices, cryptocurrency experts expect that the XRP rate might reach a maximum of $$0.514 in December 2023. It might, however, drop to $$0.409. For December 2023, the forecasted average of XRP is nearly $$0.462.
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.
This article reviews this coin's prospects and what it holds in the future for the crypto market and investors. Plus, we've answered the question, "Can XRP reach $1000?" Overall, this is unlikely in the coming years. In order for Ripple to reach $10,000, it needs to have a much larger market capitalization.
So, as one community member pointed out, it would only take 77.9 XRP to become a millionaire at the median price of $12,822. Even at the most conservative projection of $3,500, 285.8 XRP would be enough to become a dollar millionaire.
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.
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.
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.
XRP price could reach $30 if Ripple wins SEC lawsuit, hedge fund manager says. Crypto fund manager Thomas Kralow set a bullish target of $30 for XRP, citing the altcoin's potential for significant market activity.
XRP rocketed upward at the end of 2017 during the crypto boom. On Jan. 4, 2018, it hit $3.84, which is still its all-time high.
Crypto analysts believe that in the best case, by the end of 2030, $XRP could reach a maximum value of around $5. It's actually not a negligible success, but it's far from being able to make you a millionaire!
If you're looking for a low-cost way to begin investing in cryptocurrency, XRP might be a good option due to its growth potential.
Depending on where the legal chips fall, it is absolutely possible that XRP's price could skyrocket to $5 or more in 2023.
Finally, Telegaon claimed the coin could trade at an average price of $25.32 in 2030, before making an XRP price prediction for 2040 of $72.06 and an XRP price prediction for 2050 of $125.14.
Continuing its long-term bullish trend, XRP forecasts that the token will exceed $25 per currency in 2029. The expected high in 2029 is $26.32 and the low will be $18.76.
Investor sentiments are critical in the crypto market since it is the primary factor that majorly impacts the performance of the crypto. In the upcoming months, analysts have predicted an incoming price rally for the token and claim that it is safe to say that XRP is the future.
By the end of 2050, XRP might be worth anywhere from $218.45 to $235.13 on average. Many other cryptocurrencies can potentially surpass XRP's record high this year. Our price forecast for XRP could significantly increase if there is a bull movement in 2050. Around $251.75 is where the highest price is likely to settle.
Anyway, data supplied by the CoinCarp website said that, as of 12 April 2023, there were 4,559,305 wallets which held XRP.
Top 2 Reasons Not to Buy Ripple (XRP)
There are many reasons why you may choose not to buy Ripple in 2023. It could be the tight monetary policy of the Fed, negative crypto market conditions, or that the price may still fall, according to some forecasts.