Ripple will be bigger than bitcoin if it hits $7 (2024)

FAQs

Ripple will be bigger than bitcoin if it hits $7? ›

Ripple will be bigger than bitcoin if it hits $7. Ripple, or XRP, would only need to get to $6.57 for its market capitalization to be bigger than bitcoin's. Price of ripple plunged on Monday. Ethereum would only need to rise 132 percent from its current price to surpass bitcoin.

Not possible. Ripple is controlled whereas bitcoin is not. This makes bitcoin go wild as per market demands whereas ripple price can be controlled. If ripple starts increasing in value, the ripple company can just simply dump more coins in market making the price go down.

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.

The maximum level that the XRP price can reach is $0.629. The average trading price is expected around $0.812. Crypto experts have analyzed XRP prices in 2024, so they are ready to provide their estimated trading average for July 2024 — $0.708.

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.

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.

Cryptonewsz.com is even more bullish: it believes XRP will rise to $9.81 by 2030, which would turn a $10,000 investment into more than $196,000. 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.

It can. People will often mention the market cap being too high for this to happen. There are 100 billion XRP not all are in Circulation and at any one time a fraction of that will be available. XRP needs to increase at a rate of 26,315x, taking into account its present price of $0.38, to reach a level of $10,000.

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.

Did Ripple Win the SEC Case? Both Ripple and the SEC scored victories in the case, but the SEC continues to seek remedies from Ripple in the form of large fines.

What is the maximum value XRP can reach? ›

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.

XRP will in the long term become the dominant crytpo on the planet, with a market cap which eclipses BTC. It's not a matter of if, but when.

According to the technical analysis of XRP prices expected in 2024, the minimum cost of XRP will be $0.458. The maximum level that the XRP price can reach is $0.635. The average trading price is expected around $0.812.

Interestingly, the crypto went on a consolidation for 12 months after the formation of three bullish candles before going on an 8000% to $0.40562. If this repeats itself, we could see XRP go through a similar consolidation period before skyrocketing to $50 starting on November 1st, 2024.

In addition to the very optimistic predictions about XRP's future, the number of transactions on the XRP Ledger more than doubled in the first quarter of 2024.

No. XRP will in the long term become the dominant crytpo on the planet, with a market cap which eclipses BTC. It's not a matter of if, but when. While nobody knows the “when” (apart from people who operate behind the curtain, and they're not talking), but I don't think it will be happening this cycle/bullrun.

Bitcoin and XRP are cryptocurrencies, but XRP is cheaper, faster, more scalable, and environmentally friendlier. Designed as a global payment system, Bitcoin is primarily used as a store of value and a medium of exchange. XRP was designed for cross-border payments but is also popular with investors.

Can XRP Reach 500 Dollars? For XRP to achieve a price of $500, it would necessitate an increase of over 1,000 times its current value. While theoretically possible in the dynamic world of digital assets, this scenario faces significant practical hurdles.