XRP Price Prediction $500, $100

Article Coverage: XRP Latest News, XRPL Use Cases, XRP Ledger Differentiators, XRP Price Prediction $100, XRP Price Prediction $500

Latest XRP Price USD

XRP Price Performance so far

*Last 7 Days*	+6.0%
*Last 1 Month*	-20.0%
*Last 12 Months*	+9.7%

XRP Price Prediction $100-Buy or Sell Poll

Net Buy Rating = Buy% – Sell%

July 1st: 41.6%
July 13th – Ripple SEC Court Decision
Sep 1st: 51.0%
Nov 1st: +44%
Dec 29th: +38.0%
Jan 2nd: +41.0%
Feb 5th: +43.0%
Feb 29th: +43.3%
Mar 26th: +42.0%
Mar 28th: +43.1%
April 19th: +43.2%
April 25th: +43.4%

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XRP has finally broken above its bearish trend and the price surged past $0.60 once again. What are the Signals and Predictions?

Technically, XRP is Bullish
Trader Sentiment is Rising
Trading Volume is Rising

Worldcoin Price Prediction 2023-2030

Latest XRP News:

Ripple is launching a stablecoin pegged 1:1 to the USD on the XRP Ledger and Ethereum later this year, it’s about contributing to the XRPL ecosystem which ensures trust and reliability for the users.

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 965x. At $500, the target market cap will be approximately $27.56 trillion. If XRP were to rise at the pace of 25%, it will take approximately 31 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.

XRP Price Prediction $100: Can XRP reach 100?

Yes, XRP can reach $100 if XRP rises 161 times the current price with 90% of the Coins being burnt. Assuming no XRP token is removed from circulation or burnt, XRP will need to rise 161 times from the current price to reach $100.

To reach $100, XRP will need to rise 193x. At $100, the target market cap will be approximately $5.51 trillion. If XRP were to rise at the pace of 25%, it will take approximately 24 years to reach $100.

Let us evaluate this data

Quality of Investment – Moderate
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%.

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.

XRP Price Prediction $500, $100 by Analysts and Influencers

Shannon Thorp (Wells Fargo):

When examining the Liquidity Strength (LS) that XRP could potentially offer, the scenario becomes more complex, notes Thorp. A theoretical LS range from $100B to $500B, based on an XRP price range of $1.00 – $5.00, doesn’t account for various variables such as economic growth, the speed of messaging and settling transactions, and the constant, albeit small, burn rate on each XRP transaction.

The traditional SWIFT system, for instance, handles about 44.8 million messages daily, equating to roughly $7 trillion in daily value. Should Ripple capture even 30% of this value, it would manage about $2.1 trillion in daily value. Yet, considerations around transaction size, number of clients, and the limited circulating supply of XRP complicate this theoretical capacity, Thorp adds.

Making an educated price prediction requires an extensive look at many variables. Consideration should be given to the total circulating supply of XRP, the demands of all the banks globally, burnt XRP, and other liquidity considerations. In this view, Thorp suggests a price range of $100 – $500 in the near short term (4 -7 months), based on the need for higher LS to accommodate large transactions, especially for top-tier banks like J.P. Morgan.

Chad Steingraber: Suggests XRP could reach a value of $20K due to its deflationary nature, potential integration into banks’ back-end systems as a reserve currency, and anticipated hoarding by banks, decreasing its public supply and potentially significantly increasing its price.

He outlines the underlying mechanisms that make XRP distinct—limited supply, deflationary nature, and capacity for issuing other assets like IOUs. He also emphasizes the key role of circulating supply in determining the price and distinguishes it from the market cap, which he refers to as “phantom money.”

According to Steingraber, XRP’s On-Demand Liquidity (ODL) feature may not significantly drive up the cryptocurrency’s price. ODL is designed to facilitate cross-border transactions for smaller financial institutions, not necessarily for banking giants like Bank of America or Chase. These major banks are more likely to leverage XRP in private ledgers, thereby maintaining their privacy and security protocols.

Steingraber speculates that banks might start holding XRP as a reserve asset, similar to how they hold gold. In this scenario, institutions like Bank of America could create their own digital coins based on XRP’s ledger. These digital assets would essentially be derivatives of XRP, used internally to track balances in user accounts. Such a move would solidify XRP’s status as a pivotal asset in the global financial landscape.

His most intriguing point revolves around a looming scarcity of XRP. Steingraber argues that as banks and institutional-grade liquidity providers begin to accumulate XRP, the public supply will dwindle. This could lead to a “business dependency,” making XRP a crucial element in the global transfer of money. Steingraber predicts that once institutions fully integrate XRP into their operations, the remaining public supply could become extremely limited, significantly impacting its market value.

Forecasts by Shannon Thorp of Wells Fargo and Chad Steingraber correctly highlight major positives of XRP but the Market Cap projections at $500 and even $100 are completely unrealistic and unattainable. Let us face it, XRP is not Apple or even Tesla both of which have a Market Cap of less than $ 4 Trillion.

XRP Price Prediction 2023, 2025 and 2030

Could Ripple reach $10000?

Can XRP reach $10?

Understanding XRP and Ripple in greater detail

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:

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

Will XRP Reach $1 in 2023?

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