Ripple Price Prediction: Will Ripple Trade As High As $5 in the Coming Months? -Sun Jun 09

Ripple gets the first bank from Oman on its RippleNet platform

For some time now, the price of XRP has been below one dollar which is far from the all-time high of $3 per XRP. Ripple is one of the top five coins as per market capitalization. Even with the current dip in price, Ripple is still striving in some areas.

No one really knows when the price of Ripple will rise but we do know it will rise. Quite a significant rise as well when it happens. Many experts have been reluctant to make a Ripple price prediction higher than $500 a coin. However, this seems to have changed with usually conservative experts now suggesting XRP could reach up to $1000 a coin in a few years time.

Many companies are ready to go into partnership with Ripple and some are already sealing exciting deals. This has slowly made Ripple one of the top blockchains to be adopted massively. Ripple’s xCurrent technology has been adopted by numerous financial institutions around the world.

Ripple (XRP) Price Today

Name Price24H (%)
XRP (XRP)
$0.431208
1.04%

Will Ripple Reach $5 Soon?

For those XRP holders who are interested in the future unit value of the coin, learning about its possibilities is beneficial. The rumor is that Ripple may sell as high as $5. Is this going to be possible?

First of all, Ripple has three different systems. The system is designed to support money transfers fast at economic rates. Of all three, only one system needs the XRP token to function. This system is called xRapid.

Ripple focuses more on promoting the other two systems that don’t require the XRP known as the xCurrent and xVia. The xCurrent is more useful in banking and financial institutions. xRapid, on the other hand, allows for almost instant transfer of money globally no matter the amount.

By incorporating xCurrent, a giant bank in Spain, Santander, is going to allow users send money fast and efficiently without using the XRP token. This adoption along with other similar ones is what is rumored to push Ripple XRP to $5. However, this might not be the case.

Even if Ripple is getting a lot of partnership these days, a massive adoption of the XRP itself is not imminent. It is the ripple ledger that is being adopted massively and not the coin. Currently, the state of the market places the XRP far from $5.

Ripple (XRP) Price Today

Name Price24H (%)
XRP (XRP)
$0.431208
1.04%

Ripple keeps declining against the USD and Bitcoin.

1 COMMENT

  1. Brad Garlinghouse of Ripple Has made it very clear on multiple occasions that getting financial institutions to use the ripple network is the first phase of a longer plan. Once they are comfortable using the ripple network they should be easily convinced to switch to using xRapid to free up money currently locked up in NOSTRO/VOSTRO accounts by sourcing liquidity from the XRP retail market using xRapid. This is why Ripple has pursued the task of getting XRP added to as many exchanges as possible which is going well. Before xRapid becomes practical for large volume, this maker market must become more robust. This will take some time, but eventually, could make XRP the most valuable digital asset of all.

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