XRP (Ripple) has been a subject of intense debate since its meteoric rise and fall in 2017. After launching quietly in 2012, XRP skyrocketed by over 30,000% within two months, only to lose more than 80% of its value following the U.S. Securities and Exchange Commission (SEC) lawsuit against Ripple Labs. Despite this, XRP remains a favorite among its supporters, who believe in its long-term potential, especially after recent legal victories.Recall that in early August, the cryptocurrency posted significant gains, rising 20% after a decisive court ruling brought the company closer to resolving its four-year legal battle with SEC. It&#39;s interesting that whales were earlier actively buying XRP, likely having insider information about the SEC&#39;s decision.<img src="https://lh7-rt.googleusercontent.com/docsz/AD_4nXdqYlCb4RovDTVrQ0vWznUSn0QWUgRAxXysxHH3G2ejoMacAOrK-YY4dno56QTgAYTATY40o16Xi6iOd30XvbwxO31XdLQ0LVY3fEXwJyzdvYPzsqz6Zn1z6xyw1-ffX4HA_ASc20CP1kDBgFZw5gM4XTyr?key&#61;wzYVpoZ6Q-zN_WlANaiQIw" />At the time of writing, the value of the cryptocurrency is 0.6094. In my opinion <a href="https://tradersunion.com/currencies/can-xrp-reach-1000/" rel="noopener noreferrer nofollow">XRPUSD will remain in a range</a> between $0.52 and $0.63 by the end of 2024, reaching $0.61 by the end of 2025, and potentially climbing to $0.82 by 2030. The long-term outlook suggests modest growth, with the price possibly hitting $1.04 by 2034.<h3 id="strong-factors-influencing-xrp-39-s-price-strong">Factors Influencing XRP&#39;s Price</h3><ul><li>Technological Merits and Use Cases: XRP&#39;s underlying technology and its use in cross-border payments, particularly through partnerships like Santander Bank, continue to be strong drivers of its value.</li><li>Market Speculation: Like all cryptocurrencies, XRP is subject to significant price swings driven by speculation.</li><li>Regulatory Environment: The ongoing legal battles, especially with the SEC, have a major impact on XRP&#39;s price. The recent partial victory in court has been a positive signal, but regulatory challenges remain.</li><li>Scarcity: XRP has a finite supply of 100 billion tokens, and the token-burning mechanism embedded in each transaction further reduces the circulating supply, potentially driving up value.</li><li>FED Monetary Policy: Interest rate hikes by the Federal Reserve can introduce volatility in the cryptocurrency markets, including XRP.</li><li>Centralization Concerns: Ripple&#39;s control over more than 50% of the total XRP supply and the centralized nature of its validation process are points of contention in the crypto community.</li></ul>So, can XRP reach $10, $100, or $1,000 shortly? I think this coin is quite promising, but to be objective, of course, $1000 or even $100 is an unrealistic mark for Ripple in the foreseeable future. For XRP to reach $1,000, its market cap would need to hit $100 trillion, a figure far beyond current market realities. Reaching $10 is possible but unlikely in the short term.Investing in XRP requires caution due to its volatility and the regulatory risks involved. While XRP is cheaper than many of its competitors, it doesn&#39;t have the same upside potential as Bitcoin. However, it could be a good long-term investment if you&#39;re patient and willing to wait a decade or more for potential gains.XRP remains one of the top 10 cryptocurrencies by market cap, driven by its unique use case in financial services. However, its centralized nature and ongoing regulatory challenges present significant risks. If you&#39;re considering investing, start small and be prepared for volatility.<react-video url="https://www.youtube.com/watch?v&#61;TgRDnSuX0iE"></react-video>Disclaimer: This article is for informational purposes only and does not constitute investment advice. Cryptocurrency investments are highly volatile and should be approached with caution.

Can XRP reach $1,000? Spoiler: not in the next decade for sure

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Anton Kharitonov

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