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
Ripple is a money transfer network designed to serve the needs of the financial services industry. XRP is the native crypto token of the Ripple network, and it consistently lists among the top 10 cryptocurrencies by market capitalization.
Fugger had developed a system called OpenCoin which would transform into Ripple. The company also created its own form of digital currency referred to as XRP to allow financial institutions to transfer money with negligible fees and wait-time.
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.
Ripple Labs is a blockchain developer and the creator of the XRP token. The SEC accused Ripple of selling XRP in an unregistered security offering. The outcome of the U.S. regulator's court case against Ripple might still have far-reaching consequences for the cryptocurrency industry.
It is highly unlikely for XRP to reach a price of $100 due to several factors, including market cap limitations, supply and demand, and other considerations. As of now, XRP has a significant circulating supply, which would require an extremely high market capitalization for it to reach such a price.
The role of XRP in the Ripple ecosystem
Ripple is the network used by banks to settle cross-border and remittance payments, and facilitates the exchange of fiat and digital currencies. Any currency or asset can be used to transact on the Ripple Network, which doesn't need XRP to function.
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%.
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.
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.
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.
The theory is based on the belief that XRP will become the world's reserve currency when government debt skyrockets worldwide and all banks switch to ISO 20022 and use XRP to conduct cross-border monetary transactions. This would mean that governments around the world would have to buy large amounts of XRP.
Who are the biggest XRP holders? It is hard to say exactly who they are, but the two wallets with the largest amount of XRP are linked to the coin's parent company Ripple Labs. Meanwhile, the third-largest ripple wallet is linked to the Binance exchange and the fourth largest appears to be controlled by an individual.
Ripple, on the other hand, has a much larger supply, namely 100 billion coins. More realistic, but also still difficult to achieve, is that Ripple's market cap will catch up with Bitcoin. XRP would then have to increase “only” 23 times.
July 13 (Reuters) - Ripple Labs Inc did not violate federal securities law by selling its XRP token on public exchanges, a U.S. judge ruled on Thursday, a landmark legal victory for the cryptocurrency industry that sent the value of XRP soaring.
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.
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.
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.
How much will Ripple be worth in 10 years? If you invest in Ripple today, as with any investment, a long term increase is expected. The price of XRP could possibly rise to $9.09 within the next 10 years.
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.
Investing in XRP carries risks, including volatility and the lack of regulatory oversight. The ongoing SEC lawsuit against Ripple Labs adds further uncertainty to the future of XRP. Investors can purchase XRP through a cryptocurrency exchange and store it in a digital wallet.
The fact that XRP had a native currency which was open to speculators further increased the banks reluctance, as this meant that their cost structure could be at the mercy of market swings.