XRP Price Prediction $500: Can XRP Reach $500 Dollars? (2024)

XRP Price Prediction $500 – Quick Take

To reach $500, XRP’s market cap will be worth $26 trillion, which would be higher than the GDP of America today. It would be incredibly impractical for XRP to reach this level. Below we’ll give our detailed analysis on the XRP price prediction $500.

XRP price has recorded a remarkable rally following a much-anticipated outcome in the Ripple vs. SEC lawsuit. After months of waiting, the XRP community is celebrating a partial win against the commission.

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This post will offer you the latest insights on XRP price prediction $500/ $100, and its projected trend from technical and fundamental analysis to price history.[TRADE_PLUGIN]XRPUSDT,XRPUSD[/TRADE_PLUGIN]

Latest XRP News

1. The Ripple vs. SEC lawsuit finally ended, with Judge Torre ruling that Ripple’s token XRP is not a security when sold to the general public but institutional sales of XRP could be classed as securities. The ruling marks a partial win for the SEC and a clear win for Ripple holders.

2. XRP has recorded the largest crypto asset hourly volume, reaching 2 billion after court summary judgment. Bitcoin at 50.45K. The XRP price shows a stark bullishness on all timeframes as investors digest a significant development in the lawsuit.

3. After the court’s decision broke, Gemini exchange indicated in a Twitter post: “Given today’s ruling that the sale of XRP on exchanges is not a security, Gemini is exploring the listing of XRP for both spot and derivatives trading.”

Ripple lawyer John E Deaton did not miss the opportunity to champion for XRP, sending a call to action to exchanges such as Coinbase, Kraken, and Crypto.com to list the remittance token. In his words, “…every exchange in the US should relist XRP in solidarity with today’s decision.”

Interestingly Coinbase Exchange has heeded the call, committing to re-enable trading for Ripple tokens on the XRP network. The announcement also details that trading could begin on the same day, provided liquidity conditions are met.

4.XRP’s partially victory has boded well for altcoins previously labeled securities. Cardano (ADA), Solana (SOL), and Polygon (MATIC) have all shared in the excitement with significant gains on the same day.

XRP Overview

XRP Court Case Update

The final verdict in the SEC vs. Ripple lawsuit has been the most highly anticipated in the crypto ecosystem.

The ruling was finally made after a long-running litigation.

On July 13, Federal Judge Analisa Torres determined that Ripple’s XRP is not a security when sold to the general public but ONLY when sold to institutional investors.

An excerpt from the summary judgment reads:

“Therefore, having considered the economic reality and totality of circ*mstances surrounding the Institutional Sales, the court concludes that Ripple’s Institutional Sales of XRP constituted the unregistered offer and sale of investment contracts in violation of Section 5 of the Securities Act.”

A dissection of the court’s determination reveals one key insight: XRP’s programmatic sale on exchanges failed to meet the third prong of Howey. This segment “examines whether the economic reality surrounding Ripple’s institutional sales led the institutional buyers to have a reasonable expectation of profits to be derived from the entrepreneurial or managerial efforts of others.

This means selling the token to users on the exchanges was not in contravention of the law, but only when they purchased through an order book and not via an Initial Coin Offering (ICO), Initial Exchange Offering (IEO), or Launchpad-related selling.

After Judge Analisa Torres released her summary judgment articulating a distinction between token sales to institutional investors versus to the general public, crypto executives now demonstrate a willingness to list XRP.

This ruling is considered a landmark decision that could have massive implications for the industry. Gemini’s executives have lauded the court for beating the SEC and Chair in writing clear rules for cryptocurrency.

Ripple price exploded on the news, shooting up more than 49% from a low of $0.47 to a current high of $0.70 as investors reacted to the news.

Current XRP Price Analysis

Today, XRP is one of the hottest cryptocurrencies and has climbed to the 5th largest crypto by market cap.

At the time of writing, XRP stands at $0.70 with a market capitalization of 36,841,497,253. In the past 24 hours, XRP price has increased by 1.25% with a trading volume of 1,244,433,076. In the past 30 days, it has soared by 44.4%.

The current price means that XRP token has breached crucial barriers and reclaimed levels last seen in May 2022 before the Terra Luna collapse. The positivity surrounding Ripple’s case with the SEC has helped the altcoin gain by 106% since the beginning of the year.

One of the key drivers to actualize this impulse would be the ongoing bold moves by exchanges to list and relist XRP. It is worth noting that top exchange like Coinbase is among those having relisted XRP for trading.

XRP is likely to be boosted in the medium-term by the positive ruling, which cleared a substantial part of Ripple’s operations from being targeted by the SEC’s crackdown.

Indeed, until this point, Ripple has been able to grow its business even under the shadow of the case, which would imply that it could expand even faster since the case has ended and it’s free to operate normally.

In addition, the technical outlook also indicates strong bullish strength, with demand and accumulation showing significant positivity. An increase in buying pressure could see XRP price hit $1 soon.

Some XRP holders have predicted that a full-blown bull market next year may even see it beat its historical all-time high of $3.40.

Nevertheless, a threat of profit-taking may also interrupt the rally. Here traders and investors should exercise caution and closely monitor the price action to make informed decisions in the coming days.

XRP Price Prediction $500:Factors thatAffectthe XRPPrice

A Ripple Victory in the Lawsuit

Before the case was resolved, the SEC vs. Ripple lawsuit was the most important factor hindering the rise of XRP. The SEC’s charges against Ripple resulted in a mass delisting of XRP across crypto exchange platforms and a sharp decline in the token’s value, which used to be the third crypto asset by market cap after Bitcoin and Ethereum.

Now Ripple’s win is interpreted as a validation of the crypto markets and has greatly boosted investors’ confidence. The lawsuit has set precedent for other open cases that affect dozens of digital assets.

Otherwise, a ruling in favor of the SEC would probably bring further regulation to the sector as it would classify most tokens as securities.

Overall, the Ripple victory would potentially enable XRP to become the best-performing top-100 cryptocurrency this year, propelling it back up to $1 before witnessing even bigger gains.

Other factors

• Acceptance of Ripple As a Key Payment Protocol: Ripple has been working to become recognized as a key mode of payment protocol that can enhance international money transfers. The company has further expanded its cross-border payments solution into France, Sweden and Africa. 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 could skyrocket.

• 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 XRPprice.

• Drop in Inflation: Inflation may fall below 6% in the next 3 months, will that pump XRP?

XRP Price Prediction $500: DetailedAnalysis

XRP is the 5th largest cryptocurrency with a market cap of $36.8 billion. XRP price has suffered over the past few years due to the SEC case against its parent company Ripple. Many bigger exchanges have not listed it due to the ongoing Ripple vs SEC lawsuit.

It seems that investors everywhere are searching for “XRP Price Prediction $500.” No one knows the future but tons of people are talking about XRP. To reach $500, XRP’s market cap will be $26 trillion. That is the size of the US GDP today and 30 times the market cap of Tesla today. Mathematically and in theory this is feasible. But in reality, this looks extremely impractical:

• The Global Remittance market size is about $19 Billion and lets us for argument’s sake, it rises to $200 Billion in say 20 years.

• There are too many players in the remittance business and it is likely that with increased competition from Ripple, many will offer the same services. So Ripple could be a market leader with the very little share.

• Assum Ripple ends with 25% of the market (highly unrealistic), and it would end with revenue of $50B. Assuming margins of say 50% (unrealistic again), it would end with $25B in earnings. This could translate to a price of about $250.

Of course, it is just fantasy projection in reality. Businesses with these kinds of prices have to be highly monopolistic and given cross-country regulations on money transfers, such market shares are likely to be highly unsustainable.

In short, all these scenarios look unrealistic and far-fetched. Therefore, we would say XRP is unlikely to reach $500. But we do believe that XRP can reach $10 or even $50. Of course, anything can happen in the crypto market, so this is by no means a guarantee.

XRP Price Prediction $100: Can XRP Reach $100 Dollars?

To reach $100, XRP will have to rise 143x. That translates to a market cap of $5 trillion (equal to 6x the current market cap of Tesla).

This looks incredibly unrealistic. The global remittance market can support a player with a $5 trillion market cap assuming a favorable regulatory environment and competitors not coming up with similar projects.

Considering all these, we believe that $100 dollars is a theoretical possibility but the odds of it becoming real are extremely low if not impossible, even XRP partially won in the Lawsuit.

Can XRP Reach $10 in 2023?

Investors and enthusiasts are now wondering if XRP has the potential to reach the $10 mark in 2023.

It’s important to note that while the technical indicators suggest a bullish outlook, predicting the exact price movement of XRP, such as reaching $10 in 2023, is challenging.

Here we’ll try to explore the factors that may influence XRP’s price movement and evaluate the likelihood of it reaching the $10 milestone in the year ahead.

Whilst a favorable ruling to the SEC lawsuit would certainly be a huge positive catalyst for XRP, and would very likely see the coin become one of the best performers in the crypto space this year, above 14x gains to hit $10 level this year might be an overly optimistic forecast.

That’s because the bull market in the broader crypto markets appears to still be in its infancy.

Yes, macro conditions are set to improve this year, with the Fed’s rate hiking cycle looking likely to already be over.

But cryptocurrencies like XRP may have to wait a few years and for further fiat currency debasem*nt (via new rate-cutting cycles and liquidity injections) to post 10x – 20x gains from current levels.

What Makes Ripple(XRP)Unique?

• In essence, XRP is a coin for international payments, enabling borderless payments with near-zero fees and settlement in 2-5 seconds. In contrast, a cross-border transaction could cost roughly $20 and take three to five days to settle using a traditional payment method.

• Currently, the network can process 1,500 transactions per second (TPS), making it much more scalable than Ethereum, which can process 10-12 TPS. Ripple has also previously stated it would like to match Visa’s scalability of 65,000 TPS.

• XRP uses a consensus protocol with validators swiftly approving transactions. Validators could beBanks and Financial Institutions. Ripple is more centralized than Bitcoin and Ethereum.

• XRP ledger is used to create cryptocurrency wallets and XRP ledger can also be integrated to create a stablecoin.

• Ripple is a more privately-owned network as coins are released by Ripple directly unlike Bitcoin where coins have to be mined.

• Ripple with its open source and peer-to-peer decentralized platform can be used to transfer money in any form, whether it’s dollars, yen, euros, or cryptocurrencies.

XRP Price Prediction After Lawsuit

Below pulls together our XRP price prediction for 2023, 2025 and 2030, ensuring you have a rough idea of the coin’s future value potential after lawsuit. Do note, however, that predictions are not a substitute for your own research and due diligence.

Final Thoughts

To sum up, a Ripple victory has secured regulatory certainty to some extent, and institutional adoption might soar, leading to a much higher price. Most traders and analysts are bullish on the XRP Price Prediction After Lawsuit.

Ripple has already partnered with Santander and over 200 other global financial institutions. This is evidence of the power of XRP’s use case and gives it significant long-term potential.

Moreover, with the introduction of central bank digital currencies (CBDCs) looming, interest in XRP could soar. This is because XRP could become the global “bridge currency” that can quickly and cheaply facilitate swaps between different CBDCs.

XRP arguably presents the most robust and clear-cut use case in the crypto industry. Looking ahead, the crypto community once again rallying behind XRP could massively boost its price.

However, while XRP presents significant potential, investors must be aware that the crypto market is extremely volatile. The XRP price forecasts will be updated with the changing circ*mstances. So always do your own research and evaluate all necessary factors before making any investment.

FAQs

Is XRPa good investment for long term?

XRP’s real-world utility as a less costly and more scalable paymentmakes it better in terms of intrinsic value versus other cryptos.With this in mind, it is wise to say that XRP is a good investment. Make sure to do your own research before investing in any coin.

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. Though this is a very large valuation, it’s certainly not impossible.

At the absolute peak, Bitcoin’s market capitalization was $1.27 trillion. Ethereum’s peak market capitalization was around $548 billion. So, as an established top 5 coin, it’s not out of the realm of possibility for XRP to reach a $1 trillion market cap.

Of course, to reach $20, there are practical challenges and there has to be significant progress in XRP use cases to justify these levels. As ever, a lot will also depend on how the cryptocurrency market performs as a whole.

What will XRP be worth in 2023?

According to our XRPprice prediction 2023, the maximumXRPprice for 2023 is expected to be $1.06 and the minimum price could be $0.89.

How much will XRP be worth in 2025?

Our XRP price prediction 2025suggests thatXRPcoinwill be tradingbetween$1.50 and $2.23 in2025.

Where can I buy XRP?

Notable options for purchasing XRP include Binance, BTCC andKuCoin. Among these,BTCCis one of the best exchanges as it witnesses a large trading volume of XRP. Compared to Binance, BTCC has no regulatory concerns and is available in U.S., Canada and many other countries in Europe. Furthermore,BTCCis highly recommended due to its favourable attributes such as low fees, user-friendly interface, excellent customer support, and robust security measureswith no reported hacks or security breaches to date.

Buying XRP onBTCCis simple. Once you’vecreated an account, you can choose to purchase XRPwithUSDandUSDT. The maximum leverages are 100x and 20x respectively, and the transaction will be safe, cheap, and fast with VERY easy steps. You can also choose to depositXRPwith a minimum single deposit of 450XRP.

What areBTCC’s specs?

Sometimes, users feel more comfortable working with an exchange if they know that the exchange has a footprint in the industry. With12 years of stable and secure operating history,BTCCis one of thetop cryptocurrency derivatives exchangesin CoinMarketCap, which boasts a wide selection of 60+ cryptocurrenciesand millions of registered users, offering services in 100+ countries.

BTCCcharges 0.06% for both takers and makers, which are way below the industry average. According to the largest and most recent empirical study on crypto exchange trading fees, the average spot trading taker fee is 0.2294% and the maker fee is 0.1854%.

With high liquidity, low trading fees and fast transaction speed, BTCC allows users to open a trade immediately even when the crypto markets experience a sharp rise or plunge.

Apart from crypto trading, BTCCalso supports tokenized futures service, allowing users to tradestocksand commodities futures(Gold/Silver) with USDT as the margin. The maximum leverage is up to 150x.

Trading onBTCCbegins withregistrationand log in, which only takes 30 seconds. New customers can now sign uphereto get a welcome bonus of 10 USDT, and complete the KYC verificationto access all BTCC’s features andBTCC bonus. Once verified, you can starttrading XRPnow.

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