Can Ripple be next Bitcoin? (2024)

Can Ripple be next Bitcoin?

Can Ripple Be the Next Bitcoin? The cryptocurrency market changes very quickly, so it is possible for XRP to become as popular with investors as Bitcoin.

Trading volume in XRP on South Korean crypto exchanges surpassed that of bitcoin, topping 40% on UpBit and 35% on Bithumb and Korbit, indicating a high demand for XRP in the country. Traders warn of a correction in the coming days, however, which could damp short-term trading sentiment.

Ethereum (ETH)

After Bitcoin, Ethereum has established itself as one of the most dominant forces in the crypto market.

Coincodex is a bit more optimistic, projecting that by September 7, 2024, Ripple's price might increase by 20.75% to about $0.74. For 2025, Digitalcoinprice expects Ripple to continue its growth, with prices ranging between $1.31 and $1.58, and an average price of $1.50.

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.

Can Ripple Be the Next Bitcoin? The cryptocurrency market changes very quickly, so it is possible for XRP to become as popular with investors as Bitcoin.

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.

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Prediction: Ripple (XRP) Will Hit $1 by 2025.

Will XRP reach $20?

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.

According to XRP's predictive model, XRP price is expected to move between $0.3 and $0.62 in August 2024. This will allow XRP to rise to $0.62 later in 2024 and eventually $1.44 in 2025.

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.

It is worth mentioning that a price of $20 would require XRP's market capitalization to explode to approximately $2 trillion. The current market cap of the entire crypto industry is around $2.1 trillion, making the forecast sound unlikely.

With most XRP future Ripple price predictions however, It's generally expected that Ripple should be worth more in 2024 than it is now, with some pundits suggesting that it could be worth as high as a maximum price of $4.

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.

VanEck predicts a rise of XRP to $25

According to Matthew Sigel, Head of Digital Assets Research at VanEck, Bitcoin could reach $2.9 million by 2050. And for the analyst, if this forecast materializes, Ripple could see its price soar to $25.

Ripple's lawsuit settlement with a $125 million fine establishes XRP as a non-security in the US, boosting market confidence. XRP surged 27% post-settlement, reaching $0.64, with potential to rise to $0.97 due to improved fundamentals and favorable macroeconomic conditions.

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.

Will XRP reach $50?

Analysis On Ripple (XRP) Suggests A Potential Move Up To $50

Amid Ripple's (XRP) consolidation and the current bearish price delivery, updated analysis indicates an ongoing recovery, potentially leading to a 1,000% price surge for the coin.

Some XRP holders are even wondering if Ripple could reach $10,000. The short answer is that Ripple will never reach $10,000 or a price even close to this level. The reason for this is that the supply of XRP is simply too large for the coin to reach $10,000 in any realistic scenario.