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

FAQs

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

Can XRP Reach $100 Dollars? To reach $100, XRP must climb 270 times. At $100, the market capitalization of XRP would be $5.1 trillion. If XRP rose at a 25% annual pace, it would take at least 26 years to hit $100.

It is completely absurd to think xrp will ever reach that price. Currently, the trading price of xrp is $0.51 with MC of $27.67B. Probably, the price of xrp might reach $4-$7 or $10 during the bull run.

It is possible for XRP to reach $1,000 USD, but it is highly unlikely in the near future. The current circulating supply of XRP is 100 billion tokens. For XRP to reach $1,000, the market capitalization would need to be $100 trillion.

I mentioned earlier that Ethereum can only process about 15 transactions per second. Well, Ripple XRP can process about 1,500 per second, which is significantly more than Ethereum! Ultimately, in terms of performance, Ripple is certainly the better blockchain for processing transactions.

XRP is underpinned by blockchain technology, which ensures secure, fast and cost-efficient transactions. However, like all cryptocurrencies, XRP's market value can be volatile, influenced by market trends, investor sentiment, and economic factors.

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.

That would mean XRP's market capitalisation needs to exceed the GDP of China. 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.

Even with its current performance, XRP holds the potential to turn average income earners into millionaires overnight with a mere $1,000 investment.

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.

While Ethereum can hit $100,000 after 2030, it is not realistic to expect ETH to reach 100k before 2030. It's nearly impossible. There is no path for Ethereum to hit 100k before 2030, it's impossible. ETH can realistically hit $10,000 in the coming years, either in 2025 or in 2026.

Is XRP worth having? ›

Cross-border payments: The most important value of XRP lies in its ability to facilitate fast, low-cost transactions across international borders. This is in contrast to traditional banking systems like SWIFT, which can be slow and expensive.

Cardano's focus on a secure, scalable platform positions it for steady, long-term growth in the crypto market. XRP's future hinges on lawsuit outcome, offering high potential for short-term gains. Diversifying investments in both Cardano and XRP can balance risk and reward for crypto investors.

How safe is XRP? Like any investment, XRP comes with its own unique set of risks. But investing in any cryptocurrency is extremely high risk and one should not expect to be protected. XRP is underpinned by blockchain technology, which ensures secure, fast and cost-efficient transactions.

Coin Price Forecast

Ripple's target price for the end of 2024 is expected to be around USD 0.67. According to the experts, XRP will increase above 1 USD.

What is XRP used for? Ripple created XRP to operate the network as an alternative to SWIFT, offering transaction speed for more efficient international payments and faster cross-border transactions.

The trader stated that XRP will make a move to between $2.8 to $4.6 if it breaks above $0.5160. Thereafter, EGRAG CRYPTO believes that XRP will climb to as high as $50 in Q1 of 2024.

A $200+ $XRP (Ripple) can be possible. Javon's prediction is based on XRP's past actions. According to the price chart, XRP's recent price action mirrors that of the 2018 phase which saw the cryptocurrency reaching its current all-time high of $3.84.