Ripple Price Prediction: XRP to Spike to $800 Per Coin as “Best of the Best Experts” Back Major Rally
A video by Levi on YouTube discussed Ripple’s XRP price prediction based on the thoughts of some experts in crypto. The analyst gave his prediction based on the stance of those he regards as the best of the best experts in the industry.
What you'll learn 👉
Expert Analysis 1: Utility-based Price Prediction
The analyst’s prediction for the XRP price being bullish is based on its utility in various markets. Ripple is useful for cross-border payments, central bank digital currency (CBDCs), and so on.
These industries are valued in the trillions of dollars, and XRP gaining massive adoption in high-value institutions can take its price to hundreds of thousands of dollars. Global tokenization and digitalization of the XRP ledger will also require high liquidity and a high XRP price.
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Show more +Expert Analysis 2: XRP as a Global Bridge Currency
This expert sees XRP as serving as a bridge for all fiat currencies. XRP facilitates transactions between various digital currencies. The coin could be akin to a universal standard like the golden kilogram or atomic clock.
The analyst sees one XRP as one-hundred-billionth of the total value of money and thinks that it can become a new global standard. However, the expert thinks it is better to have multiple cryptocurrencies for a diverse digital economy.
Read Also: Analyst Predicts Bitcoin Rally Above $59k, Warns of Key BTC Levels to Watch
Expert Analysis 3: Hypothetical Central Bank Role
This expert sees XRP as a neutral currency that can solve geopolitical conflicts. The analyst is not sure of the impact the International Monetary Fund (IMF) and World Bank will have in a decentralized world.
He sees Ripple’s XRP becoming a global reserve currency in place of the USD, reducing the need for multiple national currencies.
XRP Price Predictions
The presenter also made XRP price predictions and analyzed assets under management by top firms like BlackRock and Fidelity.
With its potential massive use case, the analyst sees XRP rising to a market cap of $50 trillion if the major firms like BlackRock and Fidelity tokenize their assets using XRP.
Based on this, the analyst sees the XRP price rising to $800 per token and suggests holding at least 1,000 XRP tokens, saying that it could become highly profitable if even a fraction of the prediction comes true.
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