The question that Ripple investors and potential investors are often asking is, will Ripple Reach $10? Could it be possible? Experts have debated that Ripple XRP could reach $10. They have also estimated the value of XRP to surge forward and gradually reach $25 in the long term. PrimeXBT also maintained that Ripple XRP would reach $10 and later reach a new high of $50.
However, determining if the Ripple value will get to $10 is challenging, given that XRP price action is significantly influenced by external factors other than demand and supply market forces. And the SEC case did not help the XRP price at all. The Ripple community is optimistic that XRP value will increase, especially if it wins the SEC case. For instance, Coinpedia analysts are positive that Ripple XRP prices will reach $10 between 2025 and 2030. However, only if it wins the SEC case.
Before looking at the future value of Ripple, you must first look at the recent and past events to fully appreciate its journey. Ripple has had a turbulent experience in the cryptocurrency industry. In addition, Ripple has become the punching bag for SEC besides the usual crypto volatilities and market up and downs. SEC had taken action against Ripple for allegedly raising funds through security offering. SEC had dragged Ripples founders, accusing them of selling digital assets (XRP) through an unregistered security offering in 2013. The two raised funds to finance Ripple’s business, according to the complaint.
Even so, something exciting happened in mid-September. Ripple pushed back and consecutively triumphed in two discovery rulings. The two court rulings favouring Ripple’s XRP excited the market, and XRP enjoyed a surge in its price. SADLY, the SEC case is still ongoing and its effect on XRP price is evident.
Interestingly, Ripple has recovered from most of the losses incurred throughout the year. It has increased by over 300% on the year-to-date scale. XRP is making significant gains despite the market situations and SEC news. With this uptrend in force, one cannot help but wonder if XRP is finally stabilizing? Whether or not it will appreciate reaching $10? We are about to find out.
What is Ripple’s current price?
Ripple is currently trading at $1.08 according to CoinMarketCap while enjoying three months high of $1.41. Its total market capitalization is $48 Billion. XRP has to increase its current rate tenfold to at least reach $10.
In January 2018, XRP reached an all-time high of$3.84. During this last crypto market rally, Ripple succeeded by having 100 Banks sign on to RippleNet. However, Ripple has not reached its highest level and its current price is depressing. The situation can be understandable given the circumstances in the market contributing to the decline in XRP prices. At the time, the cryptocurrency was valued at $0.2. Ripple achieved its all-time high this year in April of close to $2 after small wins that saw the cryptocurrency gain value.
Evidently, Ripple cryptocurrency has what it takes to grow and reach $10. In addition, the XRP could have possibly attained a new all-time high were it not for raging market dynamics and the SEC case.
Will Ripple reach $10?
Ripple has been a stable cryptocurrency most of its life until 2017, when it started experiencing up and downs. It has outperformed many other coins in the market and even made it to the top ten Cryptocurrencies. Due to its popularity, Ripple’s price would be either close to $10 or more. However, the SEC situation has been a setback to XRP achievements.
Experts are convinced that Ripple could have attained the price of $10, seeing that XRP peers have doubled their 2017 or 2018 all-times highs in the 2021 crypto market rally. For instance, ETH increased it’s 2017 high fourfold from $1000 to $4362. Similarly, BTC rose it’s 2017 high of $19830 to set an ATH of $64863. Ripple has higher scalability and enhanced speed than Bitcoin and Ethereum. Ripple reached its high of $3.84 on January 4th, 2018. However, the SEC court situation saw Ripple prices drop drastically. Until the case is cleared up, there is no telling how high the XRP value could have gotten.
Will Ripple reach $10 before the end of the year?
Ripple cryptocurrency is more scalable and has faster transactions. Besides, the transaction processing fees are lower than other cryptocurrencies in the market. With these supporting factors, more users are likely to invest in Ripple. Thus, XRP has the potential to reach $10 and accumulate $1 Trillion market capitalization before the end of the year.
However, the outcome of the case filed against Ripple Labs is currently a significant determinant if XRP reaches $10 besides the prevailing market conditions. Debatably, Ripple prices will increase if it wins the SEC case. On the other hand, if Ripple Labs lost the case, prices would possibly decline or remain stagnant. Seeing that the SEC situation has a larger impact on the future price of Ripple XRP, it is challenging for the crypto market analyst to comment on Ripple’s future price action.
Experts in the crypto space have varying opinions on XRP’s future price action. For instance, PrimeXBT analysts have a bullish prediction on Ripple’s price action. According to them, XRP will get to $12 by the end of 2021 if the court ruling is in Ripple’s favour. Digital Coin Price is not optimistic about XRP’s future price action. Digital Coin Price uses technical analysis to predict price action for cryptocurrencies. The website argues that Ripple will trade at $1.67 by 2021 and possibly above $2 in 2023.
Will Ripple reach $100?
Price jumps are not impossible for cryptocurrencies and Ripple is not any different. Even so, $100 is a massive leap for Ripple, considering its current performance. Ripple would be forced to amass over $10 Trillion market capitalization, which is more than five times the total current crypto industry value.
Analysts and investors are convinced that XRP prices will eventually increase to $100. They also agree that getting there is not a roller-coaster and will need time and effort. Ripple has to win the SEC case and clear any future uncertainties to woe back investors, for starters. After its creation, Ripple was received well in the market and at some point, its price skyrocketed at crazy levels. Even so, Ripple will require more than just a few banks signing on its RippleNet or building programs on its blockchain to reach $100.
What will be Ripple’s worth by 2025
Ripple’s price volatility, in addition to the unpredictability of the cryptocurrencies market, makes it challenging to forecast XRP prices accurately. The lawsuit has made the case even worse and if Ripple does not win XRP, prices will possibly continue to decline. Thus, the outcome in the SEC case will significantly influence XRP value four years from now. However, RippleCoinsNews analysts are confident that Ripple will grow and leverage its popularity and achieve $10 in the process, even if the effects of the SEC situation persists to 2025.
The general feeling is that Ripple is going to win in SEC lawsuit. Cryptonewz market analysts, for instance, are confident that Ripple will prevail over the lawsuit. The crypto news and price forecasting website have also argued that the altcoin will trade at $1.9 before the year ends and by 2025, XRP price will range between $4 & $8.
Conclusion
Ripple is an interesting cryptocurrency in the market, solving a unique problem from other coins. Its sustainability is a priced asset and a core value driver. Investors look into sustainable assets before deciding to purchase XRP coins. If investors think that Ripple is a wise long-term investment, they will continue to root for its success. This will increase positivity in the market, which in return will attract more investors.
Nonetheless, Ripple has a bright future and with the ongoing developments, XRP could reach new heights. However, the SEC news will undoubtedly drag the progress of the Ripple coin in the market. Users holding coins on the blockchain are rooting for a win to get higher gains when the price rises.
