Analysts, traders, and investors are constantly looking for the next big thing. While Bitcoin is far from fading, other cryptocurrencies may emerge to replace it as the standard for digital financial transfers. One company that has made a lot of partnerships and gained a lot of attention recently is Ripple.
According to reports, a number of industry experts predict that Ripple’s XRP could be the next big thing as large gains from a sub-dollar asset would be far more likely than one that is already trading at $10K per coin.
Ripple to Mainstream Crypto
Craig Cole of CryptoMaps is one expert that thinks Ripple and XRP could help catalyze cryptocurrency becoming mainstream. He offers:
Its faster transaction speeds and lower fees make it easier for financial systems to embrace the virtual currency, which is partly why Ripple’s value has increased dramatically just this year. Ripple is helping financial institutions save money and it is only expected to become even more prevalent in payment flows. The virtual currency is certainly on the rise and has the potential to be the first token to truly disrupt an industry, and if it does, expect XRP to reach Bitcoin-like levels of ubiquity in the near future.
Associate Director ITRC at Long Island University, John-Paul McCaffrey, is in agreement, especially if there are more platforms to exchange XRP for fiat, which will inevitably boost the altcoin. Roman Guelfi-Gibbs, CEO and Lead Systems Designer for Pinnacle Brilliance Systems Inc., claims that it will take another year for Ripple to gain market dominance, saying:
Ripple certainly has the potential to move up a notch in 2018, but I think it will be more likely in 2019. As the market observes more projects being coded in other algorithms such as XRP, ETH will likely take a backseat to the next big coin/token.
The early investors of Bitcoin had to wait almost a decade to reap the rewards and drive that Lamborghini out of the showroom. Ripple may not take a decade but it certainly will not happen overnight. Consumer awareness needs to increase along with direct trading in fiat for it to start moving upwards again.
Work with the Regulators
Ripple CEO Brad Garlinghouse has, meanwhile, said that for the industry to move forwards it has to work with the regulators, not against them. In an interview on CNBC’s Fast Money, he said:
It’s incredibly important that the entire industry recognizes that we have to work with the regulators, we have to work with the system. The blockchain revolution is happening from within the system it’s not going to happen from outside the system.
He went on to say that there are many in the Bitcoin community that advocate a down with banks and governments philosophy and that Ripple has been ‘a contrarian relatively speaking in that regard.’ There was no further elaboration on the Coinbase listing situation, or lack of, which caused a brief spike in Ripple prices earlier this week. Currently, XRP is down 4.4% on the week but up over 14% on this time last month.
Will Ripple be the next big thing in the crypto industry? Share your thoughts in the comments below.
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FAQs
One company that has made a lot of partnerships and gained a lot of attention recently is Ripple. According to reports, a number of industry experts predict that Ripple's XRP could be the next big thing as large gains from a sub-dollar asset would be far more likely than one that is already trading at $10K per coin.
Could XRP be the new Bitcoin? ›
Will XRP be the next Bitcoin? While Ripple (XRP) has its unique features and use cases, it is unlikely to become the next Bitcoin.
Could Ripple overtake Bitcoin? ›
This news has again started the debate of XRP vs Bitcoin. However, no one can deny the fact that BTC is still dominant in the market and it's almost impossible for a crypto project to overtake Bitcoin very soon. XRP's unique vision and potential utility in the global payment industry position it as a strong contender.
Can XRP reach $500? ›
Wells Fargo specialist Shannon Thorpe predicts Ripple XRP price could range between $100-$500 in 4-7 months. Thorpe suggests that if Ripple wins 30% of SWIFT's daily transactions, XRP's daily use could rise to $2.1 trillion.
Could Ripple reach $10,000? ›
Overall, this is unlikely in the coming years. In order for Ripple to reach $10,000, it needs to have a much larger market capitalization. Start investing in XRP right now with ByBit! Your capital is at risk.
How high can XRP realistically go? ›
XRP Price Prediction Summary
| Year | Minimum Price | Maximum Price |
|---|
| 2023 | $0.20 | $0.56 |
| 2024 | $0.50 | $3.10 |
| 2025 | $1.50 | $4.50 |
| 2030 | $3 | $9 |
5 days ago
Home » 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.
Will Ripple make you a millionaire? ›
XRP has the potential to generate substantial returns. Still, it's important to note that investing in XRP does not guarantee to become a millionaire in 2023, despite the court ruling that clarified its regulatory status.
Could Ripple reach $50? ›
This Crypto Analyst Thinks Yes. Analyst suggests that XRP is currently in an accumulation phase, and calculates the price rally needed to hit the ultimate $50 XRP Price. XRP has recently attempted a breakout, reaching a two-month high of $0.5658 before facing significant resistance.
What will XRP be worth in 2050? ›
XRP could reach $14.21 by 2040 and $106.14 by 2050 if it follows Bitcoin's growth trajectory over the past 5 years. The accuracy of long-term XRP price predictions hinges on the future growth of Ripple protocol users, the resolution of the SEC lawsuit, and Ripple's partnerships in the payments space.
Theoretically, XRP might reach new heights in 10 years if the Ripple business performs well. Most experts agree that Ripple's price can rise to the $250 range–$3 in ten years based on current predictions. According to Ripple Coin News, the price of Ripple might reach $30 in ten years.
Will XRP reach $300 dollars? ›
Based on current projections, most experts have agreed that Ripple's price can go up to the $250-$300 range in ten years. Ripple Coin News says that Ripple price could rise to $30 in 10 years.
How high can XRP go 2030? ›
XRP Coin Price Prediction
| Year | Minimum Price | Maximum Price |
|---|
| 2029 | $7.96 | $8.79 |
| 2030 | $8.86 | $10.13 |
| 2040 | $17.08 | $20.34 |
| 2050 | $31.45 | $35.27 |
6 more rowsAnother major difference is that, unlike Bitcoin, XRP is not designed to be mined at all. With Bitcoin, miners get rewarded in the form of newly created Bitcoin.
Could XRP hit $30? ›
Crypto hedge fund manager, Thomas Kralow, previously predicted that XRP would hit $30 a coin in 2023. This prediction fails to consider the mathematical improbability of XRP reaching this price, as the circulating supply of 100 billion coins means the project's market cap would be $3 trillion dollars.
Can XRP reach $20? ›
To reach $20, XRP would need to increase in price by 29x from its current price, not an entirely unrealistic target for an asset that has a market cap of $36.8 billion. At $20, XRP's market cap would be worth $1 trillion.
Does XRP have a future? ›
Our XRP coin forecast suggests the average price of XRP may be $0.70 in 2023. According to our price predictions, the average coin price will stay above $1.00 in 2025, and the XRP price may rise to a maximum of $1.24, projecting growth in the future. The uptrend movement is expected to stay for the cryptocurrency.
