XRP Price Prediction $500, $100, $50

XRP Price Live

Article Coverage: XRP Price Performance, XRP Latest News, XRPL Use Cases, XRP Ledger Differentiators, Latest XRP Video, Howey Test Analysis, XRP Price Prediction $50, $100 and $500

Performance Summary

  • Last 5 days: +0.7%, Outperformer*
  • Last 1 month: +16.2%, Outperformer
  • Last 6 months: +32.2%, Outperformer
  • Last 1 year: +28.2%, Outperformer

*Vs XLM, leading payment platform

XRPL Latest News

  • Ripple CEO Brad Garlinghouse has criticized the SEC’s recent actions, calling them a distraction from what he refers to as the “FTX debacle.” He argues that SEC Chair Gary Gensler’s actions contradict his previous pro-innovation stance. The regulatory crackdown on Binance and Coinbase has caused concern in the crypto industry, with significant outflows and increased withdrawals following the SEC’s lawsuit announcement.
  • Ripple’s XRP is not mentioned as a security in the lawsuit filed by the US Securities and Exchange Commission against Coinbase. The SEC listed several altcoins as securities, but XRP was not included in that list. This omission raises questions and speculation about the ongoing legal battle between the SEC and Ripple.
  • Lawyer John Deaton, who supports Ripple, believes there is less than a 3% chance that the United States Securities and Exchange Commission (SEC) will win the case against Ripple. Deaton predicts a 25% chance that the judge will rule in favor of Ripple and a 50% chance of a “splitting the baby” ruling, where XRP is considered an unregistered security before 2018.
  • XRPL Hooks is a new development designed to enhance the functionality of the XRP Ledger (XRPL) ecosystem. Hooks are small, efficient pieces of code defined on an XRP Ledger (XRPL) account that allows the execution of logic before and/or after XRPL transactions, essentially adding smart contract functionality to the XRPL. They enable the creation of custom logic and automation within the XRPL, including the ability to block or allow transactions, change and track the hook’s internal state, and send new transactions on the account’s behalf. Hooks can be written in C or other languages and then compiled into WebAssembly. The implementation of Hooks is expected to expand the on-ledger functionality and drive further innovation and adoption of the XRPL platform by retail and enterprise users​1​.
  • Global bank HSBC has mentioned the XRP Ledger as a potential tool for cross-border payments. The bank, which handles nearly $250 billion in foreign exchange annually, referred to Distributed Ledger Technology (DLT) as a “game changer.”

XRPL Use Cases

Primary Use Case

  • Cross Border Payments
  • Decentralized Finance

Secondary Use Cases

  • Exchanges
  • Wallets
  • NFTs

Some of the projects and clients using XRP Ledgers are:

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.

Interest in XRP has remained above 60% and is one of the highest across all major cryptocurrencies.

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

  • Bitcoin
  • XLM Stellar

Top blockchain competitors include

  • Ethereum
  • Cardano

Will Ripple Lose to the SEC? The Howey Test

The Howey Test had 4 criteria

  1. It is an investment of money
  2. There is an expectation of profits from the investment
  3. The investment of money is in a common enterprise
  4. Any profit comes from the efforts of a promoter or third party

Unlike most Cryptocurrencies, Decentralization in XRP has been debated extensively.

  • The XRP Ledger, the distributed ledger technology on which XRP is built, is maintained by a global network of independent validators. Anyone can participate in the validation process by running a validator node since the network is open to all.
  • However, Ripple Labs and its founders dominate the XRP Ledger, and many validators on the network are operated by Ripple Labs or its affiliates.

Should XRP fail the Decentralization test, it will certainly fail criteria 4 of the Howey Test.

To learn more Is XRP a Good Investment, click here

XRP Price Prediction $50: Analysis

Ripple Lab, the parent company of XRP, has been actively fighting a legal battle against the SEC for the past couple of years. Despite their efforts, the case remains ongoing. Meanwhile, XRP developers are striving to establish themselves as leaders in the payment system. How will XRP prices play out in the next few years?

  • SEC Case in its Favor: 2X
  • 30% Growth for the Next 10 years (Conservative estimate benchmarking against Bitcoin and Ethereum)
  • 15% growth for the Next 10 years (Typical Growth for a high-performing cryptocurrency)
  • Assuming the above conditions, it will take XRP 20 years[2042] to reach $50
  • IF XRP implements a burn or deflation program targeting 25% burn, the time frame could fall to 15 years.

XRP Price Prediction 2023, 2025 and 2030

YouTube video

XRP Price Prediction $100: Can XRP reach 100?

To reach $100, XRP will need to rise 270 times. At $100, XRP’s Market Cap would be $5.1 Trillion. If XRP were to rise at the rate of 25% every year, it would take 26 years to reach $100.

Given this data, let us look at the feasibility of $100

  • Quality of Investment – Moderate Quality
  • Growth needed to reach $100 – Not Feasible
  • Market Cap at $100 – Not Feasible
  • The time needed 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%.

XRP Price Prediction $500: Analysis

With a market cap of over $21 B, XRP is the 6th largest cryptocurrency in terms of market cap. XRP has failed to rise higher due to the SEC case against its parent company Ripple. Many bigger exchanges have not listed it due to the ongoing SEC vs Ripple case.

At $500, XRP’s Market Cap will be worth $24 Trillion. That is the size of the US Economy today and 6-7 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 lets us for argument’s sake, it rises 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 the very little share
  • Assum 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

In reality, all of these are fantasy projections. Businesses with these kinds of prices have to be highly monopolistic and given cross-country regulations on money transfers, such market shares are likely to be highly unsustainable.

Could Ripple reach $10000?

Can XRP reach $10?

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XRP Prediction: FAQs

Can XRP reach 100 dollars?

At 100 dollars, XRP would have a market cap of $5 Trillion. This is 12x the current market cap of Tesla. However, when seen from a lens of 25 years, this isn’t a huge number. That said, any forecasts exceeding a few years are highly impractical. The global remittance market can support a player with a 5 Trillion market cap assuming a favorable regulatory environment and competitors not coming up with similar projects. Both of these are unrealistic. We believe, 100 dollars is a theoretical possibility but the odds of it becoming real are extremely low if not impossible.

Note: Crowdwisdom360 collates Predictions and data from all over the net and has no in-house view on the likely trends in the Index or Individual Stocks. Please consult a registered investment advisor to guide you on your financial decisions. 

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