Other sources have more optimistic predictions for XRP's price. For example, one report suggests that XRP will skyrocket to $250 by 2030. Another report suggests that in 3 years, the price of XRP will shoot up by 784.6%, putting its value at $6.3 apiece.
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.
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.
While it's not impossible for XRP to experience price appreciation in the future, most analysts believe that reaching $100 is highly unlikely as it would require extraordinary circumstances and a substantial shift in market dynamics.
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.
To reach $500, XRP's market cap will be worth $26 trillion, which would be higher than the GDP of America today. It would be incredibly impractical for XRP to reach this level.
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.
Will XRP reach $50? Possibly, at some future time. However, most analysts expect XRP to remain under $10 at least through 2030.
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.
XRP Could Hit $12 or $50 Long-term
If XRP manages to reach these levels, investors could see notable profits. However, Egrag warns that XRP could slip from the low end of the Valhalla region and correct to a $1 price before it stages a much bigger rally that would kickstart Wave 3.
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 was designed for $10,000.. The evidence is in its design.
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.
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 Bottom Line. The Ripple system has advantages over the Bitcoin network due to its faster processing times and cheaper transaction charges. But BTC is better-known and more widely used worldwide.
The current circulating supply of XRP is 52.69B. This is the total amount of XRP that is available.
XRP is premined and has a total supply of 100 billion tokens. XRP is more cost-effective, has faster transaction time, is greener, and is more scalable than bitcoin.
Anyway, data supplied by the CoinCarp website said that, as of 12 April 2023, there were 4,559,305 wallets which held XRP. The site suggested that the two top holders of ripple were wallets controlled by Ripple Labs itself.
Approximately 247,016 XRP tokens have been permanently burned and removed from circulation during this period, at an average rate of about 8,233 tokens per day. Neil Hartner, a senior staff software engineer at Ripple, took to Twitter to clarify the cause behind this unexpected XRP burn spike.
The all-time high of XRP is $3.84.
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.
1000 US Dollar is 1400.631 XRP.
So, you've converted 1000 US Dollar to 1400.631 XRP.