Ripple's XRP token is one of the most valued cryptocurrency in the crypto market. To its title, Ripple XRP can add “the reserve currency for the world.” This is according to a theory that has been put up by Jimmy Vallee. Vallee, the Managing Director of Valhill Capital came up with the “XRP buyback” theory in 2021.
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.
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.
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, the ledger's native currency, acts as a bridge currency to increase the speed and reduce the cost of cross-border transactions.
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.
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 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%.
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.
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.
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 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.
Considering past peak performance of 10.1 times growth in one month, XRP could reach a value of $10,000 in 216 years. This is also not practical either. To summarize, given the current price and the likely market cap of $10000, it is impossible for Ripple to reach $10000 even if the use cases are brilliant.
The site predicts that XRP could reach a high of $31.81 by the end of 2030.
No gold for XRP
The blockchain developer explains his view that XRP is a decentralized cryptocurrency with finite supply, which trades on the open market and has no issuer to hold collateral for gold. For this reason, Hamilton explains, XRP cannot be inflated to have a peg with another asset.
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.
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.
Overall, to reach $1,000, Solana's market cap would be $404 billion, which is feasible in the crypto market. Therefore, some believe that it is not impossible for Solana to reach $1,000 in the future under the right conditions. Of course, anything can happen in the crypto market, so this is by no means a guarantee.
Several analysts have weighed in on XRP's long-term prospects. In one of his analyses, Egrag, a notable market watcher, forecasted that, at its current position, XRP could take a path that would lead to a $10 price or a $27 value. However, Egrag believes the asset would need two more years to reach $10.
How much is 100 US Dollar in XRP? 100 US Dollar is 140.621688 XRP. So, you've converted 100 US Dollar to 140.621688 XRP.
On Jan. 4, 2018, it hit $3.84, which is still its all-time high. The price crashed nearly as quickly as it had gone up, and it was below $1 by the end of January 2018. While there were occasional price increases, XRP was on a downward trend and was worth less than $0.15 in March of 2020.
Ethereum (ETH) – Overall The Best Next Cryptocurrency to Explode in 2023. Ripple (XRP) – Next Crypto To Explode With 10X Growth Potential in 2023. ApeCoin (APE) – Top Pick for the Most Promising Altcoin To Explode. Binance Coin (BNB) – Next Crypto to Explode Among Exchange Based Coins.
The total supply of XRP is capped at 100 billion, and its average transaction speed is 4 seconds.