XRP's price today is US$0.6987, with a 24-hour trading volume of $1.4 B. XRP is -1.24% in the last 24 hours. It is currently -5.87% from its 7-day all-time high of $0.7422, and 3.23% from its 7-day all-time low of $0.6768. XRP has a circulating supply of 52.69 B XRP and a max supply of 100 B XRP.
Five years ago, you could buy XRP for a little more than half a penny. At that low price, a $1,000 purchase would have bought you about 173,000. The price of XRP is now $0.85. Thanks to that massive increase, your previous $1,000 investment would now be worth over $147,000.
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.
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%.
While Ripple (XRP) has its unique features and use cases, it is unlikely to become the next Bitcoin.
XRP Price Forecast for October 2023
Crypto analysts have checked the price fluctuations of XRP in 2023 and in previous years, so the average XRP rate they predict might be around $$0.583 in October 2023. It can drop to $$0.547 as a minimum. The maximum value might be $$0.618.
The current circulating supply of XRP is 52.69B. This is the total amount of XRP that is available.
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.
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.
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.
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.
The all-time high of XRP is $3.84.
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.
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.
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.
On top of that, Bitcoin is more expensive than XRP and slower. It has a more complicated mining process, which makes everything take longer overall. Because of that, the transaction costs are also higher. XRP is faster and cheaper.
Trading Education, which is bullish on XRP's long-term future growth, likens the platform to a Visa competitor by the end of the decade. The site predicts that XRP could reach a high of $31.81 by the end of 2030.
While Ripple could be a viable addition to a diversified crypto portfolio, it's not necessarily the best crypto investment in this market. Stalwarts like Bitcoin (BTC 0.15%) and Ethereum (ETH 0.31%) still offer robust value and market stability.
According to Sudhir Khatwani, the founder of the crypto industry think tank The Money Mongers, XRP could reach the $5 mark in 2023 due to renewed optimism but also witness “a significant price correction” because of the volatility factor.
This downtrend mainly resulted from SEC including Ripple (XRP) in its lawsuit as a security being traded on exchanges. However, on July 13, Ripple (XRP) won the SEC case. Immediately after the news, Ripple (XRP) saw a surge above its yearly high of $0.54 on March 25, 2023.
The lawsuit argued that XRP should be classified as a security, similar to stocks or bonds, and therefore would be subject to SEC regulation. However, in a major development, U.S. District Judge Analisa Torres ruled partially in favor of Ripple on 13 July 2023.
The future of Ripple ($XRP).
However, crypto experts agree that $XRP will not, at least not this year, see any major increases in value. Its maximum predicted value for 2023 is around $0.729927, but keep in mind that its value could drop to $0.649935.