XRP Price Prediction $500: Can XRP Reach $500?

More than a thousand times would need to happen for XRP‘s price to rise to $500. The majority of observers think that this is a barrier that XRP cannot overcome. There isn’t agreement on that viewpoint, though. Furthermore, given that XRP is now selling at just 49 cents, 87% behind its all-time high, it still has a lot of upside potential even if it never hits the $500 milestone.

One of the most well-known digital assets in the cryptocurrency market is XRP. It was first introduced in 2013 and has primarily been a part of the top 10 market-cap cryptocurrency group. Early in 2018, the currency hit its all-time high of $3.92. However, in the years that followed, there was a substantial price retracement due to the unclear regulations and XRP’s delisting on multiple major exchanges.

In order to determine whether XRP may hit $500, we will look at a number of potential growth catalysts for the cryptocurrency, investigate expert predictions, and consult our algorithmic price prediction.

Key Takeaways

• It would need a price increase of more than 1,000% for XRP to reach $500. Because it necessitates a huge increase in market capitalization—estimated at over $26 trillion—most analysts believe it is an impossible milestone to achieve.
• Although reaching $500 seems quite unlikely, XRP still has a lot of room to grow. XRP’s market share was substantial at one point, accounting for 20% of the cryptocurrency market cap in early 2018. This level demonstrates the coin’s potential for market dominance, but whether or not it can be replicated is unclear.
• Unlike other cryptocurrencies, XRP’s supply is not controlled by a single entity. Algorithmic forecasts point to a more cautious growth, predicting a climb to $1.53 during the following year, while technical analysts project different bullish scenarios.
• Due to the enormous market capitalisation it requires, the $500 milestone for XRP is practically impossible to achieve. However, Ripple’s long-term trajectory could be greatly affected by events such as the success of its initial public offering and a clear legal triumph against the SEC.

XRP Overview

Cryptocurrency	XRP
Token	XRP
Price	$ 2.3072 -10.29%
Rank	4
Market Cap	$ 131.8B
24H Trading Volume	$ 26.5B
All-time High	$ 3.9179
All-time Low	$ 0.0000
24 High	$ 0.0000
24 Low	$ 0.0000
Cycle High	$ 0.0000 /
Cycle Low	$ 0.0000 /
Update Time	2024-12-19 00:55:01

XRP Price Prediction $500: Can XRP Reach $500?

It looks like XRP will never hit $500. To reach a market cap of almost $26 trillion, the price of XRP—which is now $0.49—would need to rise by more than 100,000%. It’s more than eight times greater than the total market value of all cryptocurrencies in 2021, when the crypto bull run was at its height.

But it doesn’t rule out the possibility of further development for XRP. Several things that might lead to a positive future are going to be discussed in the parts that follow.

In the past, XRP’s market cap percentage was substantially greater

The price of XRP peaked at $3.92 in 2018 during the crypto bull run. The total market capitalisation of all cryptocurrencies was over 20% at the time, or $139.4 billion, for the digital currency. As of right now, 1.2% of all cryptocurrency market cap is attributed to XRP, which has a market worth of “just” $16.5 billion.

Whether XRP will eventually reach market saturation is an open question, but the coin has shown that it has the capacity to become a market leader. Retesting and possibly even surpassing its prior ATH is possible for XRP if the crypto industry keeps growing and the cryptocurrency regains its previous market share; however, it is highly improbable that this will occur during the upcoming halving cycle.

Resolving the SEC lawsuit showed XRP’s growing potential

Judge Peirce in the SEC vs. Ripple case decided on July 13, 2023, that XRP offered to programmatic investors is not a security but rather a commodity and does not come under the purview of US securities laws. The price of XRP surged by more than 25% and then nearly doubled in value within 5 hours of the verdict being publicised.

The unexpected price spike that followed the judge’s verdict in Ripple’s favour demonstrated that investors are quite optimistic about the future of XRP, provided that regulations are made more clear.

Collaborations with Ripple and the adoption of XRP

Ripple has amassed one of the crypto industry’s most remarkable rosters of collaborators. Ripple has a long list of supporters, including Mastercard, the central banks of Colombia and Qatar, Bank of America, Siam Commercial Bank, PNC Bank, and many more.

If rules were more transparent, it would put investors at ease and encourage further adoption. A combination of increased demand from more widespread use of XRP in cross-border transactions and more participation from institutional investors might lead to a price increase.

Although XRP has deep connections to the banking sector and institutional investors, its circulation supply is less concentrated than that of other crypto mainstays. The top 10 addresses, sometimes called the “XRP rich list,” control 20.5% of the total XRP supply. The top ten Ethereum addresses control 27.6% of the network and 46.9% of Dogecoin.

Stablecoin backed by dollars might grow Ripple’s main business

In April 2024, Ripple made an announcement about its own dollar-backed stablecoin, which it will introduce to compete with industry heavyweights like Tether (the business behind USDT) and Circle (whose USDC stablecoin). The stablecoin will be backed by a mix of US dollar deposits, short-term US Treasurys, high-grade commercial paper, and money market instruments, according to Ripple.

It makes complete sense for Ripple to have a stablecoin linked to the US dollar since their main business is to enable cheap cross-border transactions. How exactly Ripple plans to incorporate the stablecoin into its current product is a mystery. But rumours abound that stablecoin might work in tandem with xRapid, their instant liquidity option for international payments. Stablecoins have several possible uses, such as an off-ramp for bitcoin exchanges and, who knows, maybe even as the foundation of Ripple’s DeFi ecosystem.

XRP Price Prediction $500:  Technical Analysis

While technical analysis is great at spotting price patterns and entry/exit points, it has its limitations due to its subjective interpretation and the fact that it doesn’t take fundamental issues into account. Because it is dependent on past data, its predictive power is low; so, it should be used in conjunction with other analyses to ensure informed decision-making.

However, a number of technical analysts have signalling that a price increase for XRP is almost certain. A member on TradingView who goes by the handle badblo0dbg said that XRP might reach $30 by 2024.

“XRP is bracing for takeoff. A huge rally is in the works this time, the user added. A more optimistic study was published by XRP-Jonny, who also predicted a bullish price movement for XRP. There will be a huge increase in XRP prices in the next months, and by 2025, they predict, the price will make it to $589.

You should take these kind of assessments with a grain of salt, even though they are helpful for gaining insight into possible price fluctuations.

Latest XRP News

1. The Ripple vs. SEC lawsuit finally ended, with Judge Torre ruling that Ripple’s token XRP is not a security when sold to the general public but institutional sales of XRP could be classed as securities. The ruling marks a partial win for the SEC and a clear win for Ripple holders.

2. XRP has recorded the largest crypto asset hourly volume, reaching 2 billion after court summary judgment. Bitcoin at 50.45K. The XRP price shows a stark bullishness on all timeframes as investors digest a significant development in the lawsuit.

3. After the court’s decision broke, Gemini exchange indicated in a Twitter post: “Given today’s ruling that the sale of XRP on exchanges is not a security, Gemini is exploring the listing of XRP for both spot and derivatives trading.”

Ripple lawyer John E Deaton did not miss the opportunity to champion for XRP, sending a call to action to exchanges such as Coinbase, Kraken, and Crypto.com to list the remittance token. In his words, “…every exchange in the US should relist XRP in solidarity with today’s decision.”

Interestingly Coinbase Exchange has heeded the call, committing to re-enable trading for Ripple tokens on the XRP network. The announcement also details that trading could begin on the same day, provided liquidity conditions are met.

4. XRP’s partially victory has boded well for altcoins previously labeled securities.  Cardano (ADA), Solana (SOL), and Polygon (MATIC) have all shared in the excitement with significant gains on the same day.

XRP Court Case Update

The final verdict in the SEC vs. Ripple lawsuit has been the most highly anticipated in the crypto ecosystem.

The ruling was finally made after a long-running litigation.

On July 13, Federal Judge Analisa Torres determined that Ripple’s XRP is not a security when sold to the general public but ONLY when sold to institutional investors.

An excerpt from the summary judgment reads:

“Therefore, having considered the economic reality and totality of circumstances surrounding the Institutional Sales, the court concludes that Ripple’s Institutional Sales of XRP constituted the unregistered offer and sale of investment contracts in violation of Section 5 of the Securities Act.”

A dissection of the court’s determination reveals one key insight: XRP’s programmatic sale on exchanges failed to meet the third prong of Howey. This segment “examines whether the economic reality surrounding Ripple’s institutional sales led the institutional buyers to have a reasonable expectation of profits to be derived from the entrepreneurial or managerial efforts of others.

This means selling the token to users on the exchanges was not in contravention of the law, but only when they purchased through an order book and not via an Initial Coin Offering (ICO), Initial Exchange Offering (IEO), or Launchpad-related selling.

After Judge Analisa Torres released her summary judgment articulating a distinction between token sales to institutional investors versus to the general public, crypto executives now demonstrate a willingness to list XRP.

This ruling is considered a landmark decision that could have massive implications for the industry. Gemini’s executives have lauded the court for beating the SEC and Chair in writing clear rules for cryptocurrency.

Ripple price exploded on the news, shooting up more than 49% from a low of $0.47 to a current high of $0.70 as investors reacted to the news.

Current XRP Price Analysis

Today, XRP is one of the hottest cryptocurrencies and has climbed to the 5th largest crypto by market cap.

At the time of writing, XRP stands at $0.70 with a market capitalization of 36,841,497,253. In the past 24 hours, XRP price has increased by 1.25% with a trading volume of 1,244,433,076. In the past 30 days, it has soared by 44.4%.

The current price means that XRP token has breached crucial barriers and reclaimed levels last seen in May 2022 before the Terra Luna collapse. The positivity surrounding Ripple’s case with the SEC has helped the altcoin gain by 106% since the beginning of the year.

One of the key drivers to actualize this impulse would be the ongoing bold moves by exchanges to list and relist XRP. It is worth noting that top exchange like Coinbase is among those having relisted XRP for trading.

XRP is likely to be boosted in the medium-term by the positive ruling, which cleared a substantial part of Ripple’s operations from being targeted by the SEC’s crackdown.

Indeed, until this point, Ripple has been able to grow its business even under the shadow of the case, which would imply that it could expand even faster since the case has ended and it’s free to operate normally.

In addition, the technical outlook also indicates strong bullish strength, with demand and accumulation showing significant positivity. An increase in buying pressure could see XRP price hit $1 soon.

Some XRP holders have predicted that a full-blown bull market next year may even see it beat its historical all-time high of $3.40.

Nevertheless, a threat of profit-taking may also interrupt the rally. Here traders and investors should exercise caution and closely monitor the price action to make informed decisions in the coming days.

XRP Price Prediction $500: Factors that Affect the XRP Price

A Ripple Victory in the Lawsuit

Before the case was resolved, the SEC vs. Ripple lawsuit was the most important factor hindering the rise of XRP. The SEC’s charges against Ripple resulted in a mass delisting of XRP across crypto exchange platforms and a sharp decline in the token’s value, which used to be the third crypto asset by market cap after Bitcoin and Ethereum.

Now Ripple’s win is interpreted as a validation of the crypto markets and has greatly boosted investors’ confidence. The lawsuit has set precedent for other open cases that affect dozens of digital assets.

Otherwise, a ruling in favor of the SEC would probably bring further regulation to the sector as it would classify most tokens as securities.

Overall, the Ripple victory would potentially enable XRP to become the best-performing top-100 cryptocurrency this year, propelling it back up to $1 before witnessing even bigger gains.

Other factors

• Acceptance of Ripple As a Key Payment Protocol: Ripple has been working to become recognized as a key mode of payment protocol that can enhance international money transfers. The company has further expanded its cross-border payments solution into France, Sweden and Africa. Many crypto experts are of the opinion that Ripple in the coming future could revolutionize the transaction process worldwide. If so happens, the price of XRP could skyrocket.

• Government Regulations: Government regulations around the world has been a key factor influencing the price of cryptos. If the regulations are tightened, the price dips and if there is some favorable decision, the price skyrockets. There government regulations will be one factor that could influence XRP price.

• Drop in Inflation: Inflation may fall below 6% in the next 3 months, will that pump XRP?

XRP Price Prediction $500: Detailed Analysis

XRP is the 5th largest cryptocurrency with a market cap of $36.8 billion. XRP price has suffered over the past few years due to the SEC case against its parent company Ripple. Many bigger exchanges have not listed it due to the ongoing Ripple vs SEC lawsuit.

It seems that investors everywhere are searching for “XRP Price Prediction $500.” No one knows the future but tons of people are talking about XRP. To reach $500, XRP’s market cap will be $26 trillion. That is the size of the US GDP today and 30 times the market cap of Tesla today. Mathematically and in theory this is feasible. But in reality, this looks extremely impractical:

• The Global Remittance market size is about $19 Billion and lets us for argument’s sake, it rises to $200 Billion in say 20 years.

• There are too many players in the remittance business and it is likely that with increased competition from Ripple, many will offer the same services. So Ripple could be a market leader with the very little share.

• Assum Ripple ends with 25% of the market (highly unrealistic), and it would end with revenue of $50B. Assuming margins of say 50% (unrealistic again), it would end with $25B in earnings. This could translate to a price of about $250.

Of course, it is just fantasy prediction in reality. Businesses with these kinds of prices have to be highly monopolistic and given cross-country regulations on money transfers, such market shares are likely to be highly unsustainable.

In short, all these scenarios look unrealistic and far-fetched. Therefore, we would say XRP is unlikely to reach $500. But we do believe that XRP can reach $10 or even $50. Of course, anything can happen in the crypto market, so this is by no means a guarantee.

What Makes Ripple (XRP) Unique?

• In essence, XRP is a coin for international payments, enabling borderless payments with near-zero fees and settlement in 2-5 seconds. In contrast, a cross-border transaction could cost roughly $20 and take three to five days to settle using a traditional payment method.

• Currently, the network can process 1,500 transactions per second (TPS), making it much more scalable than Ethereum, which can process 10-12 TPS. Ripple has also previously stated it would like to match Visa’s scalability of 65,000 TPS.

• XRP uses a consensus protocol with validators swiftly approving transactions. Validators could be Banks and Financial Institutions. Ripple is more centralized than Bitcoin and Ethereum.

• XRP ledger is used to create cryptocurrency wallets and XRP ledger can also be integrated to create a stablecoin.

• Ripple is a more privately-owned network as coins are released by Ripple directly unlike Bitcoin where coins have to be mined.

• Ripple with its open source and peer-to-peer decentralized platform can be used to transfer money in any form, whether it’s dollars, yen, euros, or cryptocurrencies.

Conclusion

A market cap of $26.6 trillion would be achieved if XRP were to hit $500. The aggregate valuation of all digital assets at their height was 8 times that, and the four largest public corporations in the world—MSFT, Apple, Nvidia, and Saudi Aramco—would have a combined value that is three times higher. To put it mildly, that looks incredibly implausible.

If Ripple’s initial public offering (IPO) goes through and the company’s case against the SEC is successful, XRP’s potential is immense, particularly looking ahead to the years 2040 and 2050.

FAQs

Could XRP reach $100?

He predicted that XRP would be worth several trillion dollars. With an incredible increase of 17,339% from its present value of $0.5734, XRP would need to hit $100.

Will XRP hit $500?

It would need an increase in value of more than 1,000 times for XRP to reach $500. In the ever-changing realm of digital assets, this scenario may be feasible in theory, but it encounters substantial practical obstacles.

Can XRP reach $20?

To reach $20, XRP would need to increase in price by 29x from its current price, not an entirely unrealistic target for an asset that has a market cap of $36.8 billion. At $20, XRP’s market cap would be worth $1 trillion. Though this is a very large valuation, it’s certainly not impossible.

At the absolute peak, Bitcoin’s market capitalization was $1.27 trillion. Ethereum’s peak market capitalization was around $548 billion. So, as an established top 5 coin, it’s not out of the realm of possibility for XRP to reach a $1 trillion market cap.

Of course, to reach $20, there are practical challenges and there has to be significant progress in XRP use cases to justify these levels. As ever, a lot will also depend on how the cryptocurrency market performs as a whole.

How much will XRP be worth in 2025?

Our XRP price prediction 2025 suggests that XRP coin will be trading between $1.50 and $2.23 in 2025.

Where can I buy XRP?

Notable options for purchasing XRP include Binance, BTCC and KuCoin. Among these, BTCC is one of the best exchanges as it witnesses a large trading volume of XRP. Compared to Binance, BTCC has no regulatory concerns and is available in U.S., Canada and many other countries in Europe. Furthermore, BTCC is highly recommended due to its favourable attributes such as low fees, user-friendly interface, excellent customer support, and robust security measures with no reported hacks or security breaches to date.

Buying XRP on BTCC is simple. Once you’ve created an account, you can choose to purchase XRP with USD and USDT. The maximum leverages are 100x and 20x respectively, and the transaction will be safe, cheap, and fast with VERY easy steps. You can also choose to deposit XRP with a minimum single deposit of 450XRP.

How to Trade XRP Futures on BTCC?

Now you can trade XRP on  BTCC. BTCC supports a diverse selection of cryptocurrencies for trading. This includes popular cryptocurrencies such as Bitcoin (BTC), Ethereum (ETH), Litecoin (LTC), Bitcoin Cash (BCH), and others. BTCC also offers products such as crypto, gold, and tokenized stocks to help investors rationally allocate their assets.

1. Register an Account

Join BTCC now and get up to 10,055 USDT when you deposit and trade. Click the button below to sign up now.

2. Deposit Funds

Once your account is set up, you’ll need to deposit funds into your BTCC account. BTCC may offer various deposit methods such as bank transfers, cryptocurrency deposits, or other payment options. Choose the method that works best for you and follow the instructions provided to deposit funds into your account. BTCC mainly offers USDT margin and future trading. Therefore, you need to buy USDT  before trading.

How to Buy Tether USDT Guide

3.How to Trade BTC?

Here are the steps to trade XRP on BTCC

1) First, tap “Futures” on the website homepage

2) Select a product you would like to trade from the list here. BTCC currently offers daily and perpetual futures

3) Check time to settlement.  The settlement time of these futures type is different, you can check the time for settlement for each product here.

4) After choosing product, you can decide whther you would like to buy or sell it.  You only need to own USDT to trade USDT-margined futures.  That is to say you can sell BTCUSDT futures without owing any BTC Coin.

5) Then select your order type, and choose your leverage.

If you choose Limit or SL/TP order, you will need to enter your order price here.

Enter the quantity or choose the percentage under the quantity field.

You can also set up stop loss or take profit targets to limit losses or maximise earnings.

6)After everything is set up, Buy or  Sell to play your order. A confirmation window will show up,  check if all info is correct and click [Confirm] to open the position.