Ripple Execs Are Now Billionaires Thanks to XRP's Success (2024)

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Ripple Execs Are Now Billionaires Thanks to XRP's Success? ›

Two of the newest billionaires who have enjoyed massive windfalls from the success of XRP

Unless there is a significant positive outcome from the SEC case, coupled with changes to the market conditions and the uptake in usage for XRP's cross-border payments system, it is hard to see how the currency will appreciate much beyond its current price point.

Can XRP reach $100? Reaching a $100 price point would mean a market capitalisation of roughly $5.2 trillion for XRP, considering the current circulating supply of about 52 billion. This would be more than four times larger than the current value of all cryptocurrencies combined.

But for XRP to turn a $10,000 investment into over $1 million, it would need to generate a 100-bagger gain. Even the most bullish forecasts fall short of those expectations.

At a $1,000 price, the market would need to move 1 billion XRP tokens to account for a $1 trillion volume and 20 billion tokens for a $20 trillion volume. For XRP to clinch a $1,000 price, it would need to skyrocket by a massive 188,543% from its current value of $0.5301.

If the crypto market cap hits $3 trillion and XRP retains its current 1.10% dominance, its price could ascend to $0.589 by 2025. In a more bullish scenario of the crypto market surging to $10 Trillion, the price of XRP could soar to a staggering $1.96, resulting in a potential 4x return for investors by 2030.

The Path to A Double-Digit Price

He believes the asset's true value lies between $8 and $20 and predicts it will reach this range by 2026.

XRP recorded a surge in users recently. That resulted in a price increase, taking the coin over 20% up on the weekly chart. The broader market recovery has also helped XRP retain some market attention. That shows that XRP is alive.

Will XRP win the lawsuit? ›

That outcome is objectively a huge win for Ripple, something celebrated by the company. The two certified classes in the suit included all investors who purchased XRP over a six-year period and either held it or sold it at a loss.

Ripple's rocket ride may be risky

But it would be a mistake to expect skyrocketing prices in 2024, and $5 is an unrealistic target for the next few years. The true wealth-building gains will come in the long haul, as RippleNet expands to more countries and becomes more widely used.

XRP is developed as a viable substitute for #swift , with the primary objective of providing expeditious cross-border payment solutions at reduced transaction expenses compared to its industry counterparts.

At $5 per XRP, one would need 200,000 XRP to reach $1 million. Meanwhile, achieving the same milestone at $10 per XRP would require 100,000 XRP, and at $12 per XRP, it would require 83,333 XRP.

Massive volatility. The prices move quickly and drastically. This means you can make a lot of money when the price goes up while risking little if the price goes down.

At a value of $0.31 this is absurd. After all, who could possibly require the use of one millionth of 31 cents? But at a much higher token value, say $10,000 per XRP, that divisibility makes sense, for two reasons: Low transaction cost and affordability for small retail use.

For the third year running, Changpeng Zhao, founder and former CEO of crypto exchange Binance, is crypto's wealthiest person. Despite pleading guilty to U.S. money laundering charges in November, CZ, as he's known, is now worth an estimated $33 billion, up from $10.5 billion last year.