The XRP token is expected to make huge gains in the crypto market from May 15 to August. It is finally coming out of the locked value of $0.300 to $0.600 in which it was sold for the past few years.
Some analysts predict that XRP can reach a high of $100 to $200, which is an incredible growth for the token.
This is a record high price for the token which has never seen such a tremendous price rise since its launch in 2021.
What do Various Analysts Predict?
U-Copy, a technical analyst, was the first one to foresee the rise in the price of XRP. U-Copy predicted that the coin would see a significant hike by the end of the year.
Another crypto analyst, Armando Pantoja, predicts a bullish outlook for XRP in 2025 and predicts that the token will reach $0.75 by September 2025.
This is in spite of the tight regulations that the Securities and Exchanges Commission (SEC) of the United States has put on the crypto market.
Pantoja predicts the upsurge of the crypto market and the XRP token if Donald Trump wins the US presidential elections as the market expects an ease in the policies that would put less regulations on the token.
It will also see the setting up of XRP as an exchange-traded fund (ETF). This proposal to set up XRP as an ETF will increase the price of XRP to $1-$2.
CryproBull, another prominent crypto analyst, posted on X that XRP would rise to $154. Javon Marks, another analyst, predicts that XRP will reach $200. JackTheRippler predicts XRP to reach $100.
These analysts are not sure about when XRP will see such a surge in prices, but they are optimistic that the bullish market will support the XRP tokens.
Factors Causing the Price Rise
The predictions about the price rise of XRP are not merely speculative, but they are based on certain strong data and trends.
- The US will ease the regulations on the crypto market thus providing ease of doing business.
- The US Senate will propose legislation that encourages the crypto market.
- The ongoing Russia-Ukraine war will see Russia investing more in cryptocurrencies to escape the restrictions put by the US.
- Bitcoin is making huge strides in the market by competing for a place in the traditional financial market, and the first exchange-traded fund based on BTC will be set up. This will boost the importance of cryptocurrency amongst the strong fiat currencies such as the dollar.
- The Covid-19 pandemic resulted in a rise in digital transactions, the effects of which will be seen in the post-pandemic era. This will also serve as a boost to the industry.
More About XRP Token
XRP Ledger is an open-source ledger created by Ripple. The transactions on the ledger are validated by a network of validators as opposed to any consensus agreement.
XRP is the native token of the XRP Ledger. The token cannot be mined on the platform as it works based on the Ripple Protocol Consensus Agreement. An authorized transaction can be done only if 80% of the validators consent.
The current market conditions of the coin are given below.
Current Market Price: $0.525
Market Capitalization: $29,064,368,640
Fully Diluted Valuation: $52,427,410,001
24 Hour Trading Volume: $911,312,978
Circulating Supply: 55,430,475,754
Total Supply: 99,987,593,568
Maximum Supply: 100,000,000,000
Also, Read: XRP Price Prediction 2024 To 2030
The Bottom Line
XRP is a user-friendly token that is set to become a competitor to the eponymous Bitcoin. It is very fast compared to Bitcoin; it will complete a transaction within 4 seconds while Bitcoin takes much longer.
XRP can approve 1500 transactions per second while Bitcoin can only approve 2.5 transactions per second. It is 600 times faster than Bitcoin.
The transaction fee on the XRP ledger is also very low compared to that of Bitcoin. For XRP, the transaction fee is approximately $0.000001 whereas for bitcoin it is high at $0.50-$1.00 per transaction.
These data prove that the price predictions of XRP made by different analysts are not an exaggeration but are a certainty in the future.
