XRP Price Prediction How is XRP Different from others?

XRP Price Prediction $500: At $500, XRP’s market cap will be $24 Trillion which would be higher than the GDP of America today. It would be incredibly difficult for XRP to reach this level. Read on.

XRP Price Prediction $100 It is far more feasible for XRP to reach $100 in the next 20 years. Read our analysis in detail.

Can XRP Reach $50? XRP can reach $50 in the next 15-20 years under certain scenarios. Read on.

XRP Price Prediction 2022: The aggregate XRP Price Prediction for the end of 2022 is $0.45. However, However, XRP Price can go over $1 if it manages to gain 20% a month from now. If XRP gains 20% a month then the XRP Price Prediction 2022 is $1.14.

XRP Price

XRP is one of the largest cryptocurrencies in the world with a market cap of nearly $22 Billion. It is the native token of the Ripple blockchain which was launched in the year 2012. Ripple is focused on financial services and serves as a payment protocol that fuels financial transactions worldwide. Unlike Bitcoin and Ethereum, Ripple is more centralized as it is a more privately-owned network (Unique Node List), unlike Bitcoin or Ethereum which allow the validators to take control of the transactions.

XRP Price Prediction: How is XRP Different from others?

  • One of the primary aims of Ripple, the developers of XRP is to become a Global payment platform and also facilitate transactions between cryptocurrencies and banks. It provides access to financial products to create a borderless payment system.
  • 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
  • XRP ledger is used to create cryptocurrency wallets and XRP ledger can also be integrated to create a stablecoin.

Some of the projects and clients using XRP Ledgers are:

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CrowdwisdomLIVE Rating out of 10

  • Use Cases-8/10
  • Differentiation-8/10
  • Execution-8/10
  • Leadership-8/10
  • Community-3/10
  • Macroeconomics (Universal rating)-5/10
  • Others (Burn)-2/10
  • XRP Total Score – 42/70
  • Ethereum Total Score – 48/70

Should you Invest in XRP?

XRP has an excellent use case, is quite differentiated, and has an early mover advantage which makes it excellent crypto to invest in at any point in time. A few risks

  1. While Ripple has a fantastic use case, it is not mandatory for banks and financial institutions to use XRP to carry out transactions on the Ripple blockchain.
  2. Secondly, uncertainties around the SEC case make the token’s performance highly unpredictable.

100% of the Crowd is predicting that Ripple will win the case against SEC

The case is likely nearing its end this year.

Ripple vs SEC Case

Here is what we know, if the Judge rules against Ripple, the XRP price is certainly likely to crash and perhaps never recover again. However, if the Judge rules in favor of Ripple, a massive pump is inevitable. As much as 2x in a matter of days.

So the real questions are

  • Whether such a return is worth taking a risk?
  • How much should one risk?

In our view, there are numerous other tokens in the market worth investing and that could perhaps deliver the same return over a longer period of time. However, should an investor feel it is worth taking the risk, adequate risk management is essential.

XRP made it to our best cryptocurrency to invest list in October

XRP Price Performance

After struggling in the initial few years, the year 2017-2018 turned out to be the best years for XRP and during this time frame, XRP was the second most capitalized cryptocurrency just after Bitcoin. The all-time high price of XRP was 5 years again on January 4, 2018. XRP was valued at $3.84 back. However, after the US SEC accused Ripple the developers of XRP of selling XRP in unregistered securities to investors, the price crashed and there was a mass sell-off.

XRP rose 111% in the last 5 years. Ethereum rose 335% while Bitcoin rose 341%. However, this year, XRP fell 49% while Ethereum fell 65% and Bitcoin fell 60%.

Factors that can Influence the Price of XRP

  • Acceptance of Ripple As a Key Mode of Payment Protocol: Ripple Lab the developers of XRP have been working to be recognized as a key payment protocol that can enhance international money transfers. Many crypto experts are of the opinion that Ripple in the coming future could revolutionize the transaction process worldwide. If so happens, the price of XRP the native of Ripple could skyrocket.
  • Limited Supply: Unlike many cryptos, the supply of XRP is limited. XRP was designed to be finite in supply. Only 100 billion XRP tokens were created and no new coins can be created now. This means that the XRP tokens will only decrease as after every transaction there is a decrease in the number of XRPs.
  • Government Regulations: Government Regulations around the world has been a key factor influencing the price of cryptos. If the regulations are tightened, the price dips and if there is some favorable decision, the price skyrockets. There Government regulations will be one factor that could influence the price of XRP.
  • Ripple vs SEC Lawsuit: The Ripple vs SEC Lawsuit is one factor that has been an obstacle to the rise of XRP. Since 2018 when the Securities and Exchange Commission accused Ripple of selling XRP in unregistered security offering to investors in the U.S. and worldwide, XRP has been crashing and there has been decreasing in investor interest in XRP. If the lawsuit ends, the XRP price may skyrocket again as it did in 2017-2018.
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Can XRP Reach 100 [Click Here to directly reach that section]

XRP Price Prediction $500 [Click Here to directly reach that section]

XRP Price Prediction $50: Analysis

Ripple Lab the parent company of XRP has been tangled in the legal fight against SEC and even after a couple of years, there has been no end to the case. However, the XRP developers have been working to place them as leaders in the payment system and moving one step closer to this, Ripple will present new XRP payment solutions at Apex Dev Summit in Las Vegas. With this development Ripple will provide pay with anything to deliver what the store owner wants to receive. It will also have a refund function integrated into it.

As we mentioned earlier, XRP is quite differentiated from other cryptocurrencies and therefore is likely to perform well should the SEC case be resolved in its favor.

  • 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.

Read This: XRP Price Prediction 2030 and 2025: Detailed Analysis

Can XRP reach $10?

XRP Price Prediction $100: Analysis

The different platforms predicting the future price of XRP have predicted the maximum price of XRP to be below $10 even by the end of 2030. However, we believe that XRP has the potential to reach $100 in the future.

  • 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)
  • 10% growth for the next 10 years (as growth slows down)
  • Assuming the above conditions, it will take XRP 28 years[2050] to reach $100
  • IF XRP implements a burn or deflation program targeting 25% burn, the time frame could fall to 20-25 years.

XRP Price Prediction $500: Analysis

With a market cap of over $23 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.

However, XRP has the potential of rising higher and it will be able to reach $500 provided the market condition improves.

Looking at the scenarios for $50 and $100, it looks highly unlikely that XRP will ever reach $500. At $500, XRP’s Market Cap will be worth $24 Trillion. In theory, this is feasible but any forecasts of this nature are highly speculative.

Latest XRP News

  1. The Hinman documents could save Ripple (XRP) in its case versus SEC
  2. I-Remit and Tapjet have sought to be amicus curiae (in support of Ripple)in the Ripple vs SEC Case
  3. Ripple has not moved XRP out of escrow for the first time

XRP Price Prediction: How to Buy XRP?

Here are a few steps to buy XRP:

Choose a Crypto Exchange

Choosing an XRP exchange is quite tough as most of the exchanges have deleted XRP after the lawsuit.

Create your account with the Crypto Exchange

Once you have decided on the exchange, you will have to create an account that will require your personal details along with banking information. In most cases, you’ll deposit money from a bank account, like your personal checking or savings account. You can also generally complete wire transfers, use a debit card, or deposit money from PayPal.

Fund Your Wallet

Once you have created your account, the next step will be to fund your wallet.

Buy XRP:

Once you have funded your wallet, you can now use the wallet amount to buy XRP.

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