Will XRP ever surpass Bitcoin?
XRP will in the long term become the dominant crytpo on the planet, with a market cap which eclipses BTC. It's not a matter of if, but when.
Therefore, our XRP price prediction forecasts a price of $1.80 by the end of 2024. Depending on the lawsuit's outcome and crypto market conditions, it could go much higher, potentially reaching $3.10.
While XRP has shown strong price growth over the years, it is important to note that it has not yet reached the same price heights as Bitcoin. Bitcoin is currently the largest and most well-known cryptocurrency, with a market capitalization that is significantly higher than that of XRP.
Can XRP reach $100? Reaching a $100 price point would mean a market capitalisation of roughly $5.2 trillion for XRP, considering the current circulating supply of about 52 billion. This would be more than four times larger than the current value of all cryptocurrencies combined.
Ripple CTO, David Schwartz, has explicitly said that crypto like XRP could challenge the US dollar (USD) and become the world's reserve currency.
In that sense, XRP is currently the world's sixth largest cryptocurrency by market capitalisation. It's nowhere near comparable to the 'big boys' of Bitcoin and Ether, but its growth over the past 12 months is similar to BNB, the world's fourth largest cryptocurrency by market capitalisation.
| Year | Minimum Price | Average Price |
|---|---|---|
| 2028 | $3.53 | $3.66 |
| 2029 | $5.33 | $5.47 |
| 2030 | $7.65 | $7.87 |
| 2031 | $11.35 | $11.66 |
But what do the experts say about XRP prices as far out as 2030? Trading Education, which is bullish on XRP's long-term future growth, likens the platform to a Visa competitor by the end of the decade. The site predicts that XRP could reach a high of $31.81 by the end of 2030.
In a recent proposal by Edward Farina, the Head of Social Adoption at #XRPUpdate Healthcare, a hypothetical scenario was presented whereby the price of XRP has the potential to see a significant increase, reaching a value of $10,000.
200 XRP will not make you a millionaire. You would have to buy a lot more coins than that.
Is it better to invest in Bitcoin or XRP?
Bitcoin is considered to be more decentralized than XRP, but XRP is cheaper, faster, more scalable, and environmentally friendlier. Bitcoin is primarily used as a store of value and medium of exchange, while XRP was designed for cross-border payments.
Banks can use $XRP as a bridge currency, doing away with the requirement to lock money in nostro accounts in order to maintain liquidity.
Yes. It can. People will often mention the market cap being too high for this to happen. There are 100 billion XRP not all are in Circulation and at any one time a fraction of that will be available.
The SEC spokesperson said the regulator was reviewing the decision. Ripple Chief Executive Brad Garlinghouse in an interview called the ruling "a huge win for Ripple but more importantly for the industry overall in the U.S."
According to a prominent crypto analyst, XRP is in the perfect position based on its previous price action for an epic rally that could send the price up to $10 or even $50. Crypto Analyst EGRAG Predicts Major XRP Price Rally To $10 Or $50.
Experts predict that the average XRP rate in June 2023 will be around $0.485. It is anticipated that the minimum and maximum prices during this period will be approximately $0.461 and $0.509, respectively. Cryptocurrency analysts anticipate that the XRP rate could potentially reach a peak of $0.515 in December 2023.
Ripple's court victory over the SEC in July—a case in litigation since 2020—was seen as a boon not just for the company but the entire industry. In a landmark decision, a U.S. district judge ruled that the token created by the company was not a security in all cases.
Spotlight Wire Meme Kombat ($MK) is another meme coin to buy now. Following its launch in March 2024, it looks primed to explode. Meme Kombat is a battle-arena staking ecosystem that lets users wager bets on the battles between the hottest meme coins on the market.
A price of $100 would make 10,000 XRP worth $1 million. At XRP's present value, investors could procure these tokens with $6,300. While these projections present a bullish outlook, market participants should take them with a healthy measure of skepticism.
“After the analysis of the prices of XRP in previous years, it is assumed that in 2050, the minimum price of XRP will be around $512.50. The maximum expected XRP price may be around $594.78. On average, the trading price might be $540.41 in 2050.”
Is XRP worth holding?
Potential store of value: While XRP's primary function is in payments, some investors and speculators view it as a potential store of value, similar to Bitcoin. Others are drawn to the potential for price appreciation in XRP and other cryptocurrencies, betting on quick and massive price increases.
So, in short, it's impossible that we will see a $500 XRP anytime soon. But that doesn't mean XRP can't post impressive gains in the coming years. CoinCodex expects $XRP to double in 2024 as it moves above $1 and potentially moves above $2 the following year.
What is the all time high of XRP? The all-time high of XRP is $3.84.
🚀XRP Fair Value Ranges from $9.81 to $513,000, Research Fin | The Blockopedia on Binance Square. 📉 XRP Price Under Suppression: A Victim of Market Dynamics?
2040 Target: $413 Price
Analysts predict the token could reach $10.37 by 2031 and eventually surge to $413 by 2040. When asked a similar question, Google's new AI chatbot, Bard, presented two scenarios. Coincidentally, Bard's optimistic scenario also pinpoints 2040 as the year XRP could reach $412.
