Second, XRP is riding a major wave in transaction activity and renewed speculation regarding the future value of its token. In July 2023 XRP took a partial legal victory that sent bulls to the top analysts in a frenzy. Now, with improvements in its underlying tech, they’re betting on XRP surpassing $10—and even $25—in just a few years. Realizing these ambitious price targets hinges on three important considerations. Regulatory clarity, technological advancements, and broader market trends enabled this success.
XRP’s transactional usage on the XRPL distributed ledger experienced a stunning increase of 108% in Q1 of 2024. The increase is a direct result of increased usage and adoption of the XRP ledger. Meanwhile, Ripple's recent share repurchase has sparked speculation about a potential public listing in 2025, adding further fuel to the discussions surrounding XRP's future prospects.
Factors Influencing XRP's Price Potential
Ripple's ongoing courtroom saga remains a major influencer of XRP's price. Despite that lengthy battle, a largely favorable ruling was issued in July 2023, finding that XRP is not a security in programmatic sales. The favorable ruling and months of advocacy, as expected, invigorated investor confidence.
Ripple's legal battles with the SEC have been a significant drag on XRP's price. A legal victory for Ripple would likely clear a path for relistings by exchanges and renewed institutional interest.
"July 2023’s" - coindcx.com
Technological Advancements and Network Upgrades
The XLS-30d automated-market-maker amendment is currently enabled on the XRPL dev-net. If the upgrade is approved, liquidity providers will be able to earn fees directly on-chain. This amendment will create a native yield system that competes with Uniswap. This upgrade is set to significantly improve the functionality and aesthetic appeal of the XRP Ledger.
Remittix, which has raised $14.6 million in early funding, is picking up steam in the booming $190 trillion global payments space. Remittix allows users to redeem tokens for local currency in a matter of minutes, with fees less than 1%. Digital asset XRP’s pioneering spirit can be felt in today’s instant, low-cost world – through the eyes of experienced industry analysts often hailing from XRP’s early days.
Price Predictions and Market Realities
Hitting the $10 mark for XRP would need a perfect storm, if you will. A clear legal win for Ripple will send the market soaring. Further, relisting of major exchanges, institutional ETFs, and successfully implementing sharding as a network upgrade are in the recipe for success. At $10, XRP’s fully diluted market cap would exceed $500 billion.
A $25 XRP price prediction requires a crypto supercycle and major XRP burn or lock-ups. Against $25 XRP price prediction, total valuation would surpass gold mining bellwether Newmont’s $60 billion market cap. Fiduciaries should view $10 as an ambitious but realistic maximum and $25 as a tail-risk moonshot.
Ripple’s claim of bringing double-digit growth would have a huge impact on XRP’s price. By 2025, projects that bring together enterprise-level adoption with a measurable financial benefit will likely be the stars.
