XRP Token Prediction Analysis by Several Analysts
2024-09-20Bittime - Don't be surprised, the price of xrp is predicted to break through this much by several crypto analysts. Zycrypto analysts share XRP token analysis during this difficult time for XRP. Read more.
XRP Price Movement from ATH to Present
Since hitting a peak of $3.84 in early 2018, XRP has continued to trade in a tight range and is currently trading at $0.589 , up 1.21% in the last 24 hours.
Despite the relatively stable price, XRP still maintains its position as the seventh largest crypto asset, with a market capitalization of around $33.2 billion (Rp. 502.38 trillion).
This minimal price movement is due to the cautious attitude of the XRP community, which is awaiting the outcome of the legal battle between Ripple and the SEC .
Exchange rate assumption 1$ = Rp15,150 (When this article was written)
XRP Coin Movement Last Year
Over the past year, XRP has only seen 15% growth , reflecting investor caution.
Some investors are starting to lose faith, but many remain optimistic about XRP's huge potential.
Various predictions have begun to emerge, including very optimistic estimates regarding a future surge in the price of XRP.
XRP Price Analysis According to Levi Rietveld
One interesting analysis comes from renowned crypto analyst Levi Rietveld , who on September 16 suggested that XRP could be the foundation of a new global financial system.
In a video posted on X , Rietveld predicted that if XRP plays a major role in the global financial infrastructure, its market cap could reach quadrillion dollars , which could send the price of XRP soaring to $38,999 per token (Rp590.34 million).
This prediction takes into account a global debt of $350 trillion (Rp5,302.5 quadrillion) and a derivatives market of around $750 trillion (Rp11,362.5 quadrillion), where XRP could facilitate financial transactions on a large scale.
BlackRock's Entry into XRP Ledger
Adding to the belief is the big ambition of global institutions like BlackRock who are starting to explore the tokenization of real-world assets . Rietveld said that if this initiative uses the XRPL (XRP Ledger) , the price of XRP could increase significantly.
However, to achieve this high valuation, large liquidity is needed, which Rietveld said could be achieved with Ripple's IPO . The IPO is said to be a key factor in determining whether XRP's high price predictions can be realized.
XRP Coin Price Projection from Vahlil Capital
On the other hand, analysts from Vahil Capital gave a more moderate projection, estimating that the price of XRP could reach $12,000 (Rp181.8 million) per token based on the 99-Year Golden Eagle model .
This prediction assumes significant adoption of XRP as a medium of exchange and store of value in the long term.
XRP Price Rises According to Many Analysts
Despite these lofty price predictions, regulatory clarity and large institutional investment remain the determining factors for XRP’s future growth. With the ongoing Ripple vs SEC legal battle , investors are closely monitoring developments to assess XRP’s long-term potential.
Conclusion
Currently, XRP is still trading in a limited range, reflecting broader market uncertainty and the outcome of its legal challenges.
However, with institutional support starting to explore tokenization, hope for XRP’s long-term growth remains for patient investors.
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