Can XRP Reach $100 Dollars? - WazirX Blog (2024)

FAQs

Can XRP Reach $100 Dollars? - WazirX Blog? ›

To reach $100, XRP must climb 270 times. At $100, the market capitalization of XRP would be $5.1 trillion.

While the medium-term and long-term outlook appears more promising, achieving triple-digit price levels will require a perfect storm of conditions, including massive capital inflows, widespread adoption, and a supportive regulatory environment. The road to triple-digit territory is undoubtedly fraught with uncertainty.

David Cox, writing on the CryptoNewZ platform, anticipated that XRP could reach a high of of $1.53 by 2025, with a low of $1.06 for the same year. Another Ripple price forecast by AMBCrypto estimated the XRP price could hit a high of $2.01 in 2030, with a short term prediction of a high of $0.61 in 2024.

Can XRP Reach 500 Dollars? For XRP to achieve a price of $500, it would necessitate an increase of over 1,000 times its current value. While theoretically possible in the dynamic world of digital assets, this scenario faces significant practical hurdles.

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.

XRP price prediction 2026

In 2026, there is the possibility that the XRP price could be as high as a maximum price of $7, but as low as $2.25. The biggest issue that XRP is going to face is that if it becomes too expensive, banks won't use it. Also, there is a limit to the amount of coins that be supplied.

But for XRP to turn a $10,000 investment into over $1 million, it would need to generate a 100-bagger gain. Even the most bullish forecasts fall short of those expectations.

Can it reach 35k? Yes it can but it will take some time. My reasons for it is that Gold has a market capital of roughly $11T and Silver has a market capital of $1.3T right now. If XRP has the same market capital as Silver, it will be $26.

XRP has had some major price swings in the past and according to crypto analyst Javon, something similar is about to occur. In an XRP price chart shared on social media by the analyst, the current price movement indicates that XRP surging to $200 is very possible.

Can XRP reach $30? ›

Crypto hedge fund manager, Thomas Kralow, previously predicted that XRP would hit $US30 a coin in 2023. This prediction fails to consider the mathematical improbability of XRP reaching this price, as the total supply of 100 billion coins means the project's market cap would be $US3 trillion dollars.

The Path to A Double-Digit Price

He believes the asset's true value lies between $8 and $20 and predicts it will reach this range by 2026.

Ripple's rocket ride may be risky

But it would be a mistake to expect skyrocketing prices in 2024, and $5 is an unrealistic target for the next few years. The true wealth-building gains will come in the long haul, as RippleNet expands to more countries and becomes more widely used.

At a $1,000 price, the market would need to move 1 billion XRP tokens to account for a $1 trillion volume and 20 billion tokens for a $20 trillion volume. For XRP to clinch a $1,000 price, it would need to skyrocket by a massive 188,543% from its current value of $0.5301.

It's pretty clear that XRP will never reach a price of $10,000, as the coin's market capitalization would be unrealistically large at that price. The only way 1 XRP could be worth $10,000 would be through a massive coin burn program or a redenomination of XRP.

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.

So, could Ripple reach $10,000? Even the simple calculation we showed above shows that this would be practically impossible. If the full supply of XRP was in circulation and the price reached $10,000, the market capitalization would be $1 quadrillion.

The design decisions that went into creating XRP's structure lead me to believe that it was designed to operate at $10,000 and to serve a truly global market. The obvious question that any XRP holder will ask now is “Will it get that high?” I sure hope so, but there is no guarantee.