2024

Bank

April

<p>Ripple’s XRP, currently trading around $0.55, has seen a lack of significant movement, with downward trends persisting across various timeframes.</p> 
<p>However, a bold prediction has recently surfaced, suggesting that XRP could eventually reach $125 per token. This forecast, shared by financial advisor Whiplash, is based on speculative calculations tied to the Forex market’s immense daily trading volume.</p> 
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   <p lang="en" dir="ltr">How much could each XRP token be worth?<br><br>There is a maximum supply of 100 billion XRP tokens possible. Currently there are about 60 billion in circulation.<br><br>Trading in OTC (Over The Counter) FX (Forex-Foreign Exchange) markets reached $7.5 trillion per day in April 2022. (source:… <a href="https://t.co/eAFsi9UDrV">pic.twitter.com/eAFsi9UDrV</a></p>— Whiplash347 (@Whiplash437) <a href="https://twitter.com/Whiplash437/status/1824611869287424213?ref_src=twsrc%5Etfw">August 17, 2024</a>
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<p>Whiplash’s prediction is rooted in a straightforward mathematical approach. The global Forex market, known for its staggering trading volume, saw $7.5 trillion in daily transactions as of April 2022, according to the Bank of International Settlements.</p> 
<p>Whiplash proposes that if XRP were to facilitate even a fraction of this volume, its value could skyrocket to $125 per token.</p> 
<p><strong>Here’s the logic:</strong></p> 
<ul class="wp-block-list"> 
 <li>Forex Daily Volume: $7.5 trillion</li> 
 <li>XRP Circulating Supply: 60 billion tokens</li> 
 <li>Predicted Value per XRP: $7.5 trillion / 60 billion = $125 per token</li> 
</ul> 
<p>This speculation suggests that XRP could reach this price point if it handles significant Forex transactions, requiring sufficient liquidity to process such volumes.</p> 
<h2 class="wp-block-heading" id="h-xrp-holders-can-earn-100-000-per-day"><strong>XRP Holders Can Earn ‘$100,000 Per Day’</strong></h2> 
<p>Whiplash further suggests that instead of selling XRP at such high prices, holders could consider staking or lending their tokens.</p> 
<p>He speculates that with XRP at $100 per token, owning 1,000 XRP could generate $100,000 per day through staking, assuming a 100% return—although actual returns would likely be much lower, comparable to interest on loans.</p> 
<p>This strategy could enable XRP holders to capitalize on the token’s value without liquidating their assets, potentially enhancing XRP’s long-term viability and market appeal.</p> 
<p>Despite the optimism surrounding this prediction, many in the financial community view it with skepticism. Critics argue that it’s unrealistic to expect XRP to capture a dominant share of the Forex market, given the complexity and diversity of global financial transactions.</p> 
<p>Furthermore, the idea of XRP reaching $125 based on this scenario is seen by some as overly optimistic, if not entirely implausible.</p> 
<p>Moreover, while the concept of staking XRP at such high values may sound appealing, it assumes perfect market conditions and widespread adoption that may not materialize.</p> 
<h2 class="wp-block-heading" id="h-bold-ripple-xrp-price-predictions"><strong>Bold Ripple (XRP) Price Predictions</strong></h2> 
<p>The notion that XRP alone could facilitate the entirety of the Forex market’s $7.5 trillion volume is also a point of contention, with critics dismissing it as overly ambitious.</p> 
<p>Zach Humphries, a well-known technical analyst in the crypto community, has criticized some of the more&nbsp;<a href="https://www.thecoinrepublic.com/2024/08/12/market-analyst-predicts-xrp-price-rally-targets-36-76-peak/">ambitious XRP price predictions</a>, such as the&nbsp;<a href="https://x.com/UniverseTwenty/status/1811370332659556483">claim</a>&nbsp;that XRP could reach $57 in the current bull run.</p> 
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   <p lang="en" dir="ltr"><a href="https://twitter.com/search?q=%24XRP&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$XRP</a> price prediction of $57 is just absurd! <a href="https://t.co/Ivzi7rbTOQ">pic.twitter.com/Ivzi7rbTOQ</a></p>— Zach Humphries (@Z_Humphries) <a href="https://twitter.com/Z_Humphries/status/1813279318371447221?ref_src=twsrc%5Etfw">July 16, 2024</a>
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<p>Humphries argues that these predictions are unrealistic, given the significant market cap growth required to achieve such prices. For instance, reaching $57 would mean a 9,400% increase from XRP’s current price, elevating its market cap to over $5.6 trillion—nearly twice the valuation of Apple.</p> 
<p>Humphries believes that while XRP has long-term potential, predictions of prices above $50 overlook the extraordinary implications of such growth.</p> 
<p>The post <a href="https://www.thecoinrepublic.com/2024/08/17/financial-advisor-predicts-xrp-price-at-125-heres-how/">Financial Advisor Predicts XRP Price at $125, Here’s How</a> appeared first on <a href="https://www.thecoinrepublic.com">The Coin Republic</a>.</p>

Financial Advisor Predicts XRP Price at $125, Here’s How

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Thecoinrepublic.com

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