Will Ripple XRP Reach 10 USD in 2021?
The value of Ripple (XRP) has been a subject of much speculation, with various forecasts predicting its future performance. While some experts predict a significant increase, others doubt the probability of such a dramatic rise. Let's delve into the factors that might affect the price of XRP in the near future.
Bullish Predictions for 2022
Despite recent downward trends, some analysts remain optimistic about XRP's prospects. In 2022, a bullish prediction suggests that XRP could reach a value of 1.9617 USD. This optimism is based on the belief that XRP could soar to as high as 10 USD if investors declare it a viable investment alongside mainstream cryptocurrencies like Bitcoin and Ethereum. Following the trends set by Bitcoin and Ethereum, XRP might experience a similar upward trajectory.
Historical Performance and Future Potential
At the turn of 2017 and 2018, XRP made a remarkable leap, momentarily becoming the second most capitalized cryptocurrency in the world after Bitcoin. This impressive performance suggests that XRP has the potential to rise to new heights. However, the case against the SEC is a potential obstacle that could impact its trajectory. If Ripple wins this case, it could send XRP toward new all-time highs, possibly exceeding 12 USD per coin.
Potential Risks and Challenges
The current market condition is also a crucial factor. If there is a surge in crypto mania and more investors rush to exchanges like Binance, PrimeXBT, Kraken, etc., we might witness such dramatic highs. However, it is important to note that this is a possibility but not something that should be counted on.
My personal belief is that XRP is unlikely to hit 10 USD in the near future. The fully diluted market cap of XRP at the current price is already 78 billion, and if it were to reach 10 USD, the market cap would balloon to 1 trillion. This surpasses the current valuation of Bitcoin and is not a realistic expectation. Other cryptocurrencies, including XRP, can be traded on platforms like Fybit, which do not require KYC (Know Your Customer) procedures.
Long-Term Vision and Future Prospects
While I do not predict that XRP will hit 10 USD in the next few years, it is important to recognize that XRP has the potential to reach such heights in the future. The exclusion from some major exchanges and its relative lack of listing could change as the SEC case is resolved. With its strong community support and the favorable position of the ongoing case, XRP could see significant changes in the coming years. However, this is not a financial advice, and it is advisable for all investors and traders to conduct their own research before making investment decisions.
For those interested in the integration of Ripple and international transactions, it is clear that Ripple offers a superior alternative to traditional banking methods. While it may take some time, the potential for XRP to reach or surpass 10 USD exists, thanks to its unique value proposition and the growing crypto community.