Ripple was originally called 'OpenCoin'. There is a max supply of 100,000,000,000 XRP. XRP's maximum supply gives the asset a supply and demand factor similar to Bitcoin, though its much larger supply means it will take much longer for it to be considered scarce.
Nope, it will never reach it. There are 100 billion xrp minted and a price of 1000 usd per xrp would mean a market cap of 100 trillion usd which is 50% more than all the money in the world. I see YouTubers make claims that XRP could rise in value anywhere from $10 to $1,000.
Will XRP reach $50? Possibly, at some future time. However, most analysts expect XRP to remain under $10 at least through 2030.
To reach $100, XRP will have to rise 217x. That translates to a market cap of $5.2 trillion (equal to 12x the current market cap of Tesla). This looks incredibly unrealistic.
According to Ripple Coin News, the price of Ripple might reach $30 in ten years. Smartereum is even more positive, predicting that Ripple will hit $250 to $300 in the next ten years.
Will XRP Reach $1,000? No, it is extremely unlikely Ripple XRP will reach $1,000. This is because its total circulation is less than 100 billion, which means it would need to have a market cap of $100 trillion for XRP to hit a price of $1,000.
XRP was designed for $10,000.. The evidence is in its design. by Mark Phillips | Medium.
XRP will be valued $17 to $20 at the minimum and may surge up to $100 in 2030, the crypto news website added. Ripple Coin News predicts that Ripple could hit $30 in the next 10 years.
Can XRP Reach $10,000? XRP needs to increase at a rate of 26,315x, taking into account its present price of $0.38, to reach a level of $10,000. It could theoretically increase to $10,000 in 216 years (keeping in mind the past track record of 10.13x growth in one month).
In 2029, due to the growth over the last 5 years, we will see another major bull, which means that XRP investors may see XRP achieve a maximum price of $3.95 followed by an average price of $3.80. The minimum price derived from our technical analysis is $3.65.
XRP would need to surge by 154,452% from its current value of $0.3811 to $589. Numerous proponents have mentioned that this is impossible.
100 XRP is 50.876279 US Dollar.
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Yes, XRP is used by banks. XRP is the native digital asset of the Ripple payment protocol, an open source payment system used by many financial institutions. RippleNet, a financial payment network that banks and payment providers use to make payments and settlements, offers on-demand liquidity via XRP.
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.
XRP has been around for almost a decade now, and it's seen as a strong long-term investment by many experts in the industry.
The research report put together by Ark Invest sees Bitcoin hitting price targets in 2030 of $258,500 in the bearish forecast, $682,000 in the average market and $1.48 million in a bullish market.
The panel of experts polled by Finder pegged XRP at $3.81 by the end of 2025. CryptoNewsZ predicts that XRP could rise to as high as $0.68 in 2025. Trading Education is highly optimistic, with price predictions as high as $8.76 for 2025 — about a 1,768% increase over its current price.
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. Ripple has since put the majority in escrow.
What is the minimum XRP Balance? Ripple enforces a reserve requirement of 20 XRP, which is a minimum amount you need to store in your XRP address in order to protect the shared global ledger from growing excessively large as the result of spam or malicious usage.
How many XRP are there in the world? As of 12 April 2023, there were 51,688,470,797 XRP in circulation out of a total supply of 99,989,014,677.