Get Ready for a Wild Ride to $100 Coming to $XRP , Says This Analyst!
Ripple's native asset, #XRP has been trending in the cryptocurrency market lately—not because of its price increase, but because it hasn't. Investors are worried that XRP will not move in the market, even if Ethereum and Bitcoin have had substantial price increases. Nevertheless, crypto expert Andrew Forte's new forecast has rekindled conversations over XRP's potential, with a price objective of $100 per coin by 2037.
Although Forte's forecast is somewhat bold, XRP has been predicted to soar in the future before. During the 2017 bull run, the token did poorly at first, but it eventually beat the market. For those who think XRP is just following a similar trend, this historical precedent provides fuel for hope.
At its current price of$100, XRP would have seen a phenomenal rise of 15,900%. The optimistic view held by Forte is shared by others. In the past, XRP has been predicted to hit $100 by Steven Neyaroff, a former Ethereum adviser, and Matt Hamilton, a former Ripple director. The timeline, however, is where these forecasts diverge significantly. Although Forte has committed to a precise year of 2037, others are being more circumspect.
Predictions about cryptocurrencies are inherently fraught with uncertainty, as these differing viewpoints show. A number of important elements will determine XRP's fate. The implementation of Ripple's technology is expected to be the main factor. With Ripple's emphasis on easing cross-border payments for banks, XRP's potential for usage and value might skyrocket with broad adoption.
Possible Effects on the Price of XRP: The Viewpoint of the Ripple Lawsuit
On the other hand, Ripple's long-running litigation with the SEC is a major cloud. Institutional adoption of XRP might be impeded if the SEC is successful in its lawsuit claiming that XRP is not an enrolled security. An increase in the price of XRP would be precipitated by a favorable outcome for Ripple .
