In terms of market cap, ADA is right behind XRP. As of May 2023, both cryptocurrencies occupy the 6th and the 7th positions in the rating. The prices for both coins are in the same zone – between 30 and 50 cents per coin. In general, XRP tends to have a higher price than ADA.
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.
XRP Price Forecast 2024
As per our technical analysis and Ripple price prediction, the XRP cryptocurrency could have an average price of $1.02 in 2024, with moderate positive momentum. The potential low of the Ripple (XRP) is expected to be $0.84, with a potential high of $1.21.
Compared with other coins such as Bitcoin or Ethereum, XRP is much better for value transfers. This low cost makes XRP better suited for everyday payments. It also makes XRP a good cryptocurrency to buy and hold for the long haul.
Despite the SEC lawsuit and regulatory uncertainty, Ripple's XRP remains one of the largest cryptocurrencies by market cap. XRP's technology enables fast and cheap transactions, with the backing of major banks and financial institutions.
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.
XRP Price Forecast for June 2023
Based on the price fluctuations of XRP at the beginning of 2023, crypto experts expect the average XRP rate of $$0.519 in June 2023. Its minimum and maximum prices can be expected at $$0.487 and at $$0.551, respectively.
Most exchanges that list XRP are not allowed to operate in the United States. In addition, the cryptocurrency exchanges permitted in the U.S. do not list XRP in response to an investigation by the Securities and Exchange Commission (SEC). So, if you're in the US, we think it's already clear why you can't buy XRP.
Why would XRP be a better investment right now? The primary advantage XRP has over Bitcoin is its high-speed blockchain network that can facilitate 1,500 transactions per second — a massive improvement compared to 4.6 transactions per second for Bitcoin.
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.
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.
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.
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.
XRP was designed for $10,000.. The evidence is in its design.
Cardano has a maximum supply of $45 Billion ADA altcoins for each to reach $1000, the Cardano network would have an accumulated market capitalization of $34 Trillion. Most experts haven't contemplated Cardano's valuation growing to $1,000 as most consider it highly improbable – at least in the foreseeable future.
According to Ripple's CEO Brad Garlinghouse, the verdict in the company's lawsuit against the SEC could be delayed until the end of the first quarter of 2023. In the event of a good outcome, the price of XRP might rise to as high as $50.
If the court rules in Ripple's favor, XRP's value could skyrocket. However, a ruling against it could send XRP to zero. Given the nature of the risk involved, long-term investors should avoid XRP.
Assuming the 90 days trading horizon and your above-average risk tolerance, our recommendation regarding XRP is 'Strong Sell'. Macroaxis provides XRP buy-hold-or-sell recommendation only in the context of selected investment horizon and investor attitude towards risk assumed by holding XRP positions.
In particular, the regulatory body has the authority to levy a fine on Ripple Labs and demand that the business register XRP as a security. As a consequence, a judgment of this kind would certainly result in XRP being treated in the same manner as conventional securities, which may restrict both its adoption and usage.
Pikamoon (PIKA) – A play-to-earn Pokemon-inspired blockchain project. The 10,000+ whitelist signups and over 15,000 social media followers indicate it will be one of the next cryptocurrencies to explode in 2023.
Ripple (XRP) offers a powerful payment settlement system and currency exchange with lightning-fast transaction speeds and low transaction fees. Its innovative approach to financial transactions makes it a unique and attractive option in the ever-evolving world of cryptocurrency.
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.
With the continued growth of capital in the crypto market, XRP could reach a maximum price of $2.31 in 2026 with an average price of $2.17. If a sell-off occurs, the minimum price expected in our prediction sits at $2.02.
Anyway, data supplied by the CoinCarp website said that, as of 12 April 2023, there were 4,559,305 wallets which held XRP.