Will XRP reach $500, $100?
| Metric | Value | Trend |
|---|---|---|
| Current Price | $2.50 | Higher |
| Trading Volume | $26.5 B | Steady |
XRP Price Performance So Far| Last 7 Days | +7.1% |
| Last 1 Month | -4.8% |
| Last 12 Months | +279.6% |
| Quality Of Investment | Good |
XRP-Buy or Sell Poll
- Nov 13th: +4%
- Dec 24th: +16%
- Jan 22nd: +57%
- March 3rd: +36%
- March 25th: +94%
XRP Latest Developments
- March 25th: Ripple CEO Brad Garlinghouse described the U.S. as undergoing a major shift in crypto regulation, calling it an “unlocked” market after years of stagnation. In an interview, he highlighted growing awareness of the significance of this change.
- March 3rd: XRP’s order book on Binance shows a rare bid skew within 50% of its market price, a pattern seen only four times in the past year. This trend is not limited to Binance, as Coinbase also reflects a similar imbalance, with a peak bid skew of 13 million XRP within the same price range. This marks the highest bid imbalance in 15 months, underscoring the growing dominance of buyers in the market.
Can XRP reach 100?
To reach $100, XRP will need to rise 40x.
At $100, the target market cap will be approximately $5.74 trillion.
If XRP were to rise at the pace of 25%, it will take approximately 17 years to reach $100.
Let us evaluate this data
- Quality of Investment – Good
- Growth required to reach $100 – Not Feasible
- Market Cap at $100 – Not Feasible
- The time required to reach $100 at 25% growth – Not Feasible
Irrespective of the SEC outcomes, it is highly unlikely that XRP will reach $100. XRP’s best chance is a significant burn program that will reduce circulation by 75-90%.
What are the XRP Forecasts as per Influencers and Publishers?
Average XRP Price Forecast
for Dec 31, 2030 is
$63.1
| DustyBC Crypto | Pending | $106.0 |
| DustyBC Crypto | Pending | $100.0 |
| Ayman Mufleh | Pending | $100.0 |
| Invezz | 63%(2) | $4.9 |
| Cryptonewsz | 37%(6) | $4.7 |
Can XRP reach $500?
No, XRP cannot reach $500 even if a widespread burn program is launched.
With a market cap of over $34 B, XRP is the 5th largest cryptocurrency in terms of market cap. XRP had failed to rise higher due to the SEC case against its parent company Ripple. Many bigger exchanges had not listed it due to the ongoing SEC vs. Ripple case. However, that has now changed with the court’s decision in favor of Ripple.
To reach $500, XRP will need to rise 200x.
At $500, the target market cap will be approximately $28.72 trillion.
If XRP were to rise at the pace of 25%, it will take approximately 24 years to reach $500.
That is almost the size of the US Economy today and 30.5 times the Market cap of Tesla today. In theory, this is feasible, but in reality, this looks extremely impractical
- The Global Remittance market size is about $19 billion and, for argument’s sake, it will rise to $200 billion in, say, 20 years.
- There are too many players in the remittance business, and it is likely that with increased competition from Ripple, many will offer the same services. So, Ripple could be a market leader with very little share.
- Assume Ripple ends with 25% of the market (Highly unrealistic), and it would end with revenue of $50B. Assuming margins of, say, 50% (Unrealistic again), it would end with $25 B in earnings. This could translate to a price of about $250.
Understanding XRP and Ripple in greater detail
XRPL Use Cases
Primary Use Case
- Cross Border Payments
- Decentralized Finance
Secondary Use Cases
Some of the projects and clients using XRP Ledgers are:
- Santander
- Bitpay Payment Processing
- Exodus Wallet and Apps
- BitGo Assets Custody
- Forte Online Gaming
XRP Ledger Differentiators
- Ripple enables financial services through the XRP Ledger and collaborates with traditional financial services companies. XRP is the cryptocurrency that fuels the transactions through the product xRapid(Just like Eth or Matic)
- Transaction Speeds and Costs that are competitive. Traditional overseas payments take days as compared to Ripple which takes seconds.
- XRP uses a consensus protocol with validators swiftly approving transactions. Validators could be Banks and Financial Institutions. Ripple is more centralized than Bitcoin and Ethereum.
- XRP ledger is used to create cryptocurrency wallets and XRP ledger can also be integrated to create a stablecoin.
- Ripple is a more privately owned network as coins are released by Ripple directly unlike Bitcoin where coins have to be mined
- Ripple with its open source and peer-to-peer decentralized platform can be used to transfer money in any form, whether it’s dollars, yen, euros, or cryptocurrencies.
Ripple is currently in talks with more than 20 central banks regarding the development of a Central Bank Digital Currency (CBDC). Some of the countries that have been confirmed to be testing Ripple for their CBDCs include:
- Bhutan
- Palau
- Montenegro
Where is the Token XRP Used?
- A Sender (Account) in a Transaction must hold a Minimum reserve of XRP (10 XRP at the moment) – Base Reserve
- XRP Ledger features like Escrow and Payment Channel operate only with XRP
- Owner Reserve is built depending on objects owned by the address and includes – Offers, Trust Lines, SignerList, Escrow, Payment Channels
- XRP can also be used as a bridge in an exchange between two currencies (Auto bridging)
- Addresses must also own XRP to prevent Spam
- XRP is also destroyed during a transaction (Transaction cost)
XRP price is therefore practically influenced by the pace of increase in transactions and the number of new addresses being added to the XRPL Ledger
XRPL Competitors
Top competitors in the payment space include
Top blockchain competitors include
Note: Please consult a registered investment advisor to guide you on your financial decisions.
