Could Ripple Reach $10000? XRP Price Prediction

Muhammad Naeem

Blogger

Ripple is a special-purpose blockchain by Ripple Labs, designed to offer lower fees and efficient cross-border payments. The decentralized technology of Ripple is questioned because of the way Ripple selects the validators and consensus protocol, unlike Bitcoin and other blockchains. But this makes Ripple more energy efficient. XRP is a native currency of the Ripple chain that acts as a fuel and bridge between fiat and digital assets on the Ripple chain.

XRP is one of the leading cryptocurrencies that is available to trade on almost all cryptocurrency exchanges. The coin is backed by industry experts like Ripple Co-Founder Arthur Britto and Ripple CTO David Schwartz. XRP is known for low-fee XRP transactions and its tools like the XRP Ledger wallet and the launchpad. Also, the Play-to-Mint NFT Game has launched on XRP Ledger backed by Ripple which further expands the ecosystem.

Ripple XRP Price Prediction:

Like other cryptocurrencies, XRP has been into many challenges and controversies. Be it legal controversies, regulatory frameworks, competition, or the bearish market, XRP crypto has faced everything in the past years.

XRP today is trading at the price of $0.51 with a daily trading volume of $974.4 million. With only a little volatility, XRP only moved 2.6% upwards. However, the coin still holds the #5 among the crypto coins with a market cap of $27.311 billion. The total supply of XRP is 100 billion out of which 53.17% is in circulation.

XRP Price Prediction After Lawsuit:

The SEC vs. Ripple lawsuit has been a legal challenge for the XRP for the last 3 years and the matter isn't completely resolved yet. The SEC claims that XRP has been breaching US laws and trading unregistered securities, while XRP has been denying and defending it.

Ripple Labs CEO played a key role in defending their side and apparently, XRP is on the winning side according to the recent court rulings - and this is positively impacting the XRP price.

FUDs in the crypto market are lethal and this SEC action has had a negative impact on its price. Also, the coin availability decreased as many exchanges and platforms have suspended or delisted XRP trading in the U.S. market. Since the lawsuit still exists as a tussle between the SEC and XRP, there can be any legal consequences and an impact on XRP price.

However, some possible scenarios are:

1. A settlement: In case of settlement, the price of XRP is highly likely to appreciate and might kickstart an overall bull run for the entire crypto market. Since the long-going hearing is costing both parties, the chance of a settlement between both parties is likely to happen.
2. A dismissal: The best case scenario in the situation is the case dismissal and ruling in favor of Ripple Labs. This case will become a precedent and allow other digital asset exchanges to trade digital assets freely. This might mark a new era of crypto adoption and unprecedented growth in XRP's price and market cap. This also means the expansion of Ripple projects like P2E and XRP Ledger (XRPL). Recently, Ripple's CEO claimed that they have already won the case in court.

3. A Loss: This is the worst-case scenario for Ripple. It would mean that the SEC wins the case and obtains a court order to stop Ripple from selling or distributing XRP. This single court ruling can dump the market. Since it is obvious that XRP will go for an appeal in this case, the FUD might already dump the price.

Conclusively, the XRP price after the lawsuit depends on the outcome of the case. However, in any case, the investors and traders must expect huge volatility on either side.

XRP Price Prediction $500:

'XRP Price Prediction $500' is one of the most searched terms but this means a staggering %100,000 price gain from $0.5 to $500 in the near future. Though the $500 might seem too optimistic, it is possible for XRP to achieve this level if the right circumstances are met.

Some of the factors that could potentially drive XRP to such heights are:

1. Winning SEC Case
2. Expanding the current ecosystem
3. Offering new groundbreaking products
4. Adding more use cases for native currency XRP

XRP Price Prediction 2025:

According to some analysts, the price of XRP is expected to reach $10 by 2025, implying an increase of %1900 from the current price level. While this XRP price forecast might seem extravagant, this is still very feasible compared to the previous prediction of an 'XRP Price Prediction $500'.

XRP Price Prediction 2025: Comparing BTC Halving with Ripple Price

XRP Prediction 2025 is directly linked with the Bitcoin price history cycles. According to calculating technical analysis, Bitcoin will reach its all time high in early 2025 and this will reinforce the price of XRP and it might touch the predicted price level of $10.

Could Ripple Reach $10000?

Could Ripple Reach $10000? This question might seem a bit off and over-optimistic but let's test this through numbers. Based on the current market capitalization, price, and circulation supply:

Current XRP Price: $0.513611

Circulating Supply: 53,175,400,720 XRP coins

First, we need to calculate the market capitalization (marketcap) of XRP at its current price:

Market Cap = Current Price x Circulating Supply

Market Cap = $0.513611 x 53,175,400,720 ≈ $27,311,453,740

So, the current market cap of XRP is approximately $27.31 billion.

For the hypothetical Price Target: $10,000:

Market Cap for $10,000 XRP = $10,000 x 53,175,400,720

≈ $531,754,007,200,000

To reach a price of $10,000 per XRP, XRP's market cap would need to be approximately $531.75 trillion which is more than 500 times the current crypto marketcap. Therefore, it is evident that reaching a $10000 Ripple price solely based on the current circulating supply is extremely unlikely.

However, if the supply is reduced through burn mechanisms and marketcap increase, the price of Ripple (XRP) can reach $1000.

Key Takeaway:

XRP is a global payments network with incredibly low transaction fees and a rapidly growing ecosystem. However, it faces challenges that might impact its price in the short and long term. Do your own research and invest at your own risk. The above analysis is purely information and not a piece of investment advice.