Can XRP Reach $100: Read our analysis on how and when XRP can reach $100
The current price of XRP is less than $0.50 and considering the current market condition, it is unlikely for Ripple XRP to reach $100 this year. But can XRP Reach $100 in the Future? The answer is Yes, but to know how XRP can reach $100 in the future let us first understand what is XRP and Ripple.
Can XRP Reach $100: Some Facts About XRP
- XRP is the native token of Ripple which was launched in the year 2021.
- After struggling for 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 then.
- 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.
- Ripple is focused on financial services and more likely serves as a payment protocol that fuels transactions worldwide.
- Unlike Bitcoin and Ethereum, Ripple is more centralized as it is a more privately-owned network while the former allows the validators to take control of the transactions.
Can XRP Reach $100: Some Realistic Prediction and Calculations
Will XRP Reach $100 in 2022?
XRP’s maximum average price prediction for 2022 is $0.46. If XRP were to reach $100 this year then it will have to increase 315 times from the current value which is highly unlikely. Here is the realistic prediction for XRP for 2022:
|Price as of September 1st||$0.326|
|If XRP Rises 20% a Month from Now||$0.812|
|If XRP Rises 30% a Month from Now||$1.21|
|If XRP Rises 50% a Month from Now||$2.47|
Even if XRP manages to gain 50% a month from now, the maximum predicted price for XRP by the end of 2022 is $2.47.
Can XRP Reach $100: When Can XRP Reach $100?
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. Here is our calculation when and how XRP can reach $100:
|Price as of September 1st||$0.326|
|If XRP were to rise 10% a year, when will it Reach $100?||In the Next 60 Years, 2082|
|If XRP were to rise 20% a year, when will it Reach $100?||In the Next 32 Years, 2052|
|If XRP were to rise 30% a year, when will it Reach $100?||In the Next 22 Years, 2044|
|If XRP were to rise 50% a year, when will it Reach $100?||In the Next 15 Years, 2037|
The earliest time frame for XRP to reach $100 is in the year 2037 and to attain this feat XRP price has to rise 50% a year from now.
Can XRP Reach $100: Factors that can Influence the Price of XRP
The factors that can influence the price of XRP are:
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 XRP token 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.
Can XRP Reach $100: Conclusion
The crypto market is very volatile and none of the possibilities cannot be ignored. XRP reaching $100 this year is unlikely but in future, if things turn favorable and the SEC lawsuit ends, there are chances for XRP to reach $100.