XRP price remains in the spotlight of most investors even as the SEC v. Ripple lawsuit continues. Despite this woe, investors wonder how soon the Ripple price could hit the $100 or even the $1000 mark as achieving such levels would require significant shifts in the market condition and adoption. This article explores realistic timelines for reaching such landmark prices by analyzing these key elements.
The price of XRP is the only red in the sea of green among the top 10 largest crypto assets. Down 0.5% in the last 24 hours, Ripple price is trading at $0.5250. This happens against the backdrop of increased Bitcoin momentum as it takes another test run at the $69,000 resistance.
XRP/USDT Price Chart
How Soon Could XRP Price Hit $100 and $1,000?
A perfect mix of the right factors would be required for the XRP price to hit $100 or $1,000. These factors are outside the control of any single entity, and hence, the timeline for Ripple price surging to the targets can only remain estimates.
Considering several factors historically affecting digital markets, XRP could surge to $100 and $1,000 in 1, 5, or 10 years, depending on the confluence of specific factors.
1 Year For Ripple Price to Surge to $100 and $1,000
For XRP price to attain these in 1 year or less, major partnerships with global banks and financial institutions would need to be established. These are already happening at a lower scale and with smaller financial entities. There are rumors of XRP partnerships with big banks. However, these have yet to be officially confirmed.
A favorable ruling from the United States Securities and Exchanges Commission (SEC) and other regulatory agencies in Europe and Asia would immediately cause XRP to shoot to unprecedented levels. This, combined with a potential reduction in the XRP supply and the launch of Smart contracts on the XRPL, would help Ripple to soar to $1,000 and beyond.
2/ Ripple and the broader XRP community are committed to bringing new programmability, including smart contracts, to the XRPL dev ecosystem in 2025 – through the XRPL EVM sidechain (already in the works) as well as exploring native capabilities on XRPL Mainnet.…
— Ripple (@Ripple) September 3, 2024
Ripple’s main value proposition is XRP as a bridge currency for banks to use in remittances around the globe. If this vision is achieved, one year is too long, as the price would skyrocket past $100 immediately.
5 Years For XRP to Surge to $100 and $1,000
The majority of the crypto community’s expectations lie in this bracket. For Ripple to rise $1,000 in 5 years, the Ripple payment network must become an industry standard for cross-border payment. Such a feat is difficult to implement in a month, let alone a year. Also, the potential launch of a spot XRP ETF would push prices far beyond the current all-time high, but it would take about 5 years. Brad Garlinghouse, the CEO of Ripple Labs, has expressed his belief that the approval of an exchange-traded fund (ETF) for XRP is “just inevitable.”
This is because studying Bitcoin (BTC) and Ethereum (ETH) price performances post-ETF shoe price doesn’t immediately shoot up after approval or launch but grows gradually.
10 Years For Ripple Price to Surge to $100 and $1,000
XRP price to $100 and $1,000 in 10 years is reserved for the most conservative of investors. In this category, Ripple waits for the volume to grow slowly with adoption in emerging markets for remittances and payment solutions. This is because the traditional financial world is still skeptical of digital assets and blockchain technology, making adoption a painstakingly long process.
Can Ripple Reach $100 and $1,000?
The chances of XRP price reaching $100 and $1,000 are decent because of the following reasons:
This is not the first time XRP will record wild returns. In the 2017 bull run, Ripple soared by over 110,000% from its bear market low. During the 2021 bull run, despite an ongoing legal battle, the Ripple price soared over 1,000%.
The Ripple chart below shows two scenarios in which the XRP price rises to $24 (based on the height of the symmetrical triangle) and $378 (based on the height of the pole of the bull pennant). Technically, XRP should hit these prices if it follows the rules of price action.
XRP Price Analysis Chart
However, if an unforeseen positive development happens, like the permanent end of the SEC v. Ripple lawsuit, the price could surge way higher than these prices. An invalidation for this bullish thesis will occur if bears push the XRP price below the symmetrical triangle. This would trigger panic selling, leading to a potential drop to $0.2 and even $0.08.
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