<a href="https://bitcoinist.com/ripple-german-investment-firm-boost-xrp-ledger/" rel="noopener noreferrer nofollow">Oliver Michel</a>, founder and CEO of German-based venture capitalist firm Tokentus Investment AG, has given a bullish price prediction for <a href="https://bitcoinist.com/xrp-price-34000-to-200-crypto/" rel="noopener noreferrer nofollow">the XRP price</a>. According to him, XRP could hit $10 soon enough.&nbsp;
<h2 id="xrp-price-to-10-is-just-the-beginning">XRP Price To $10 Is Just The Beginning</h2>
Michel <a href="https://www.youtube.com/watch?v=Qcwe2-tbZqs" rel="noopener noreferrer nofollow">mentioned</a> during an interview with Der Aktionär, a leading German finance magazine, that he expects XRP to rise to between $5 and $10 in the first wave of its <a href="https://www.newsbtc.com/news/xrp-price-set-to-explode-analyst-identifies-trigger-for-next-parabolic-move/" rel="noopener noreferrer nofollow">parabolic move</a> to the upside. Interestingly, he added that XRP would eventually hit three to four figures and didn’t <a href="https://bitcoinist.com/xrp-price-action-legal-expert/" rel="noopener noreferrer nofollow">seem worried</a> about XRP’s current price action.&nbsp;
Meanwhile, Michel revealed that he is invested in the XRP tokens as he has them both in his family office and with his company, Tokentus. The same applies to Ripple shares, which he stated he purchased through an SPV (Special Purpose Vehicle).&nbsp;
Michel is no stranger to the XRP ecosystem, considering that his company <a href="https://bitcoinist.com/ripple-german-investment-firm-boost-xrp-ledger/" rel="noopener noreferrer nofollow">partnered</a> with Ripple last year in an effort to grow and increase the adoption of the XRP Ledger (XRPL). During the interview, Michel also offered his thoughts on Ripple as a “professional company” and sounded so bullish on what the crypto firm was building with its <a href="https://bitcoinist.com/ripple-swell-xrp-product-rebrand-new-partners/" rel="noopener noreferrer nofollow">Payment service</a>.&nbsp;
He used the opportunity to elaborate further on how Ripple was simplifying cross-border transactions with the help of the XRPL and XRP tokens. Ripple is known to settle these transactions through its blockchain, with XRP serving as the utility token, and these XRP tokens are then converted to the fiat currency of the recipient’s choice.&nbsp;
<h2 id="xrp-to-become-the-world-reserve-bridge-currency">XRP To Become The “World Reserve Bridge Currency”</h2>
Michel stated that XRP could become the “world reserve bridge currency” once countries implement their CBDCs (Central Bank Digital Currency). Ripple’s XRPL is <a href="https://bitcoinist.com/xrp-cbdc-us-fed-questionnaire/" rel="noopener noreferrer nofollow">already being touted</a> as the go-to chain for CBDC settlements. The crypto firm <a href="https://bitcoinist.com/ripple-envisions-5-trillion-worth-of-cbdcs/" rel="noopener noreferrer nofollow">had also revealed</a> that they were already actively working with more than 20 Central banks on CBDC initiatives.&nbsp;
The Tokentus founder also believes it won’t be long before other <a href="https://bitcoinist.com/central-banks-weaken-bitcoin/" rel="noopener noreferrer nofollow">Central banks</a> fall back on Ripple to help them implement their CBDCs. He noted that the pressure was piling up on these banks to act now to avoid an impending economic collapse. XRP is expected to play an integral role when this all happens.&nbsp;
Ripple’s XRPL also looks set to act as the intermediary between all these CBDCs when the time comes. Bitcoinist <a href="https://bitcoinist.com/xrp-ledgers-clawback-feature-cbdc-prospects/" rel="noopener noreferrer nofollow">once reported</a> how the network’s clawback feature boosts the prospects of CBDCs being implemented on it.&nbsp;
At the time of writing, XRP is trading at around $0.58, down over 1% in the last 24 hours, according to <a href="https://coinmarketcap.com/currencies/xrp/" rel="noopener noreferrer nofollow">data</a> from CoinMarketCap.&nbsp;
<img loading="lazy" decoding="async" class="aligncenter size-medium" src="https://www.tradingview.com/x/auLvt72C/" alt="XRP price chart from Tradingview.com" width="3286" height="1530">

CEO Of Blockchain-Focused VC Firm Predicts XRP Price Will Reach $10

Table of Contents

NewsBTC

Other articles published on Mar 1, 2024

Deribit Leads Crypto Exchanges as Trading Volume and Open Interest Soar

Bitcoin Price Strongly Closed February: What to Expect in March?

Bone ShibaSwap (BONE) Price Prediction 2025, 2026, 2027, 2028, 2029 and 2030

Binance Lists Axelar (AXL) with New Trading Pairs

Shiba Inu Coin Price Analysis As Token Burn Rate Skyrockets Driving SHIB Rally

Major Banks Embrace Crypto: Bank Of America, Wells Fargo Now Offer Spot Bitcoin ETFs

Join our free newsletter for daily crypto updates!