XRP, the native token of Ripple, has become a hot topic in the crypto market, not for its recent price surge, but for its lack thereof. Despite a booming market that saw Bitcoin and Ethereum climb significantly, XRP remains stagnant, raising concerns among investors. However, a recent prediction by Andrew Forte, a crypto strategist, has reignited discussions about XRP’s potential, with a target of a staggering $100 per token by 2037.
Will XRP Hit $100?
While Forte’s prediction is certainly ambitious, it’s not the first time XRP has been touted as a future high-flyer. The token underperformed in the early stages of the 2017 bull run, only to later outperform the entire market. This historical precedent fuels optimism for some analysts who believe XRP is simply following a similar pattern.
You remember discussing crypto mass adoption with fellow animal pfps
You remember the good old days
You feel nostalgic
Life is good
Mar 28, 2024
The $100 price point represents a monumental 15,900% increase from XRP’s current value. Forte isn’t alone in his bullish outlook. Matt Hamilton, a former Ripple Director, and Steven Neyaroff, a former Ethereum advisor, have previously expressed confidence in XRP reaching the $100 mark. However, a key difference in these predictions is the timeframe. While Forte sets a specific date in 2037, others remain more cautious.
sir bitcoin
@sir_bitcoin
Ok we can disagree on that.
Do you support his prediction of $100 xrp?
Jun 05, 2022
The diverging opinions highlight the inherent uncertainty surrounding cryptocurrency predictions. XRP’s future hinges on several crucial factors. The primary driver will likely be the adoption of Ripple’s technology. Ripple focuses on facilitating international payments for financial institutions, and widespread adoption could significantly increase XRP’s utility and value.
Potential Impact On XRP Price: The Ripple Lawsuit Perspective
However, the ongoing lawsuit between Ripple and the SEC casts a long shadow. The lawsuit alleges that XRP is an unregistered security, which could hinder institutional adoption if the SEC prevails. A positive resolution for Ripple would be a major catalyst for XRP’s price.
The overall health of the cryptocurrency market also plays a significant role. A sustained bull run could elevate all cryptocurrencies, including XRP. Conversely, a bear market could stifle XRP’s growth potential.
While the road to $100 may be long and uncertain, XRP’s potential for future growth remains a topic that continues to spark debate and intrigue within the cryptocurrency community.
Featured image from Pixabay, chart from TradingView
Looking further ahead, forecasts suggest XRP could rise to an average price of $0.87 by 2025, with some optimistic projections even reaching as high as $1.44. These estimates are based on technical analysis, market trends, and the potential resolution of Ripple's ongoing legal challenges.
According to Rietveld, if Bitcoin reaches $1.5 million per coin, XRP will “easily surpass $100.” He stressed his belief that XRP will hit the $100 price target by 2030, noting it taps into markets that Bitcoin cannot reach due to its technology.
If they IPO and time it right, could be up to $35 imo. At the heart of Armstrongs projection is his belief in the long-term growth potential of XRP, with the projected price of $15 signifying a whopping 1,720% increase from its current price.
According to the technical analysis of XRP prices expected in 2024, the minimum cost of XRP will be $0.538. The maximum level that the XRP price can reach is $0.655. The average trading price is expected around $0.772.
No, it is extremely unlikely Ripple XRP will reach $1,000. This is because its total circulation is less than 100 billion, which means it would need to have a market cap of $100 trillion for XRP to hit a price of $1,000.
There are several factors on which one can make an assumption regarding whether ripple will reach the price of $50 or not. However, in general terms, it's highly unlikely for Ripple to reach this level because its market cap isn't that high, and isn't likely to reach higher levels in the next five years.
Here are some bullish long-term price predictions for XRP. AMBCrypto suggests that XRP could reach $1.33 by 2025. This prediction is based on the overall positive sentiment surrounding XRP in the long term.
Beyond the legal realm, the general state of the cryptocurrency market can significantly impact XRP. Drozdz notes: “A large-scale upswing in the crypto world could be a boon for XRP. If other cryptocurrencies rise, XRP could well ride the wave.”
The reason why XRP won't ever reach a price of $10,000 is not complicated – the supply of XRP is simply too large. XRP has a maximum supply limit of 100 billion coins. While not all XRP coins are currently in circulation, the coin still has a substantial circulating supply of 54.94 billion.
Ripple secured a partial victory in July 2023, with the court ruling that only institutional sales of the XRP token, not programmatic sales to retail investors, were unregistered securities offerings.
The site says Ripple's average price will be $0.43 in 2022, $0.63 in 2023, $0.91 in 2024 and $1.36 in 2025. The rise will continue in 2026, when XRP could be hitting $2.03, and 2027, when it should be worth $2.95.
And, indeed, there has been speculation that XRP could be next in line after Bitcoin and Ethereum (CRYPTO: ETH) to get a spot ETF product. Another scenario involves a potential IPO for Ripple, in which case the price of XRP could go parabolic.
Introduction: My name is Barbera Armstrong, I am a lovely, delightful, cooperative, funny, enchanting, vivacious, tender person who loves writing and wants to share my knowledge and understanding with you.
We notice you're using an ad blocker
Without advertising income, we can't keep making this site awesome for you.
