Bank

Value

Despite <a href="https://cryptoticker.io/en/token">the crypto bear market</a>, Ripple is still striving to become a leader in cross-border remittances and money transfers. Blockchain tech has come a long way since its inception, as the dream for a decentralized payment system remains. However, Ripple company had its fair share of controversies. From true decentralization <a href="https://cryptoticker.io/en/xrp-relisted-ripple-ceo-optimistic-about-the-lawsuit">debates to a battle with the SEC</a>, many <a href="https://cryptoticker.io/en/what-is-xrp-buy-ripple-in-2021/">XRP</a> investors seem to have jumped ship. Now that things are starting to get resolved, the main question comes back to mind: how high can XRP reach in 2050?
&nbsp;
&nbsp;
<h2 id="what-is-ripple-company">What is Ripple Company?</h2>
&nbsp;
<a href="https://ripple.com/">Ripple</a>, a FinTech business with headquarters in San Francisco, created the worldwide payment platform RippleNet. In essence, they developed the XRP ledger blockchain and the XRP cryptocurrency. In reality, Ripple was founded in 2004, long before cryptocurrencies were ever thought about. At the time, RipplePay was developed as part of their attempt to establish an Internet of Value and produce their own money. Their software was centralized, and their network was tiny. Because of this, later in 2012, RipplePay combined with another business named Open Coin to create what is now known as Ripple.
&nbsp;
<img src="https://cryptoticker-strapi-media.s3.eu-central-1.amazonaws.com/contact_hero_b834f9efce.jpg" alt="Ripple company">
&nbsp;
&nbsp;
<h2 id="what-is-the-xrp-token">What is the XRP Token?</h2>
&nbsp;
<a href="https://www.bitget.com/spot/XRPUSDT?vipCode=94qs">XRP</a> is the digital asset on the XRP ledger, which provides on-demand liquidity for financial service providers. It also acts as a bridge currency to facilitate cross-border transactions. XRP’s transaction fees are on average super cheap. With <a href="https://cryptoticker.io/de/token/kurs/XRP-USD">XRP</a>, payment providers can reach smaller markets, enjoy faster payment settlements, and reduce foreign exchange costs.
The XRP ledger is open-source and maintained by a global and independent community, and Ripple is an active member.
&nbsp;
<img src="https://cryptoticker-strapi-media.s3.eu-central-1.amazonaws.com/silver_ripple_xrp_coins_black_wood_background_11zon_1_32c8b69bb3.jpg" alt="xrp">
&nbsp;
&nbsp;
<h2 id="is-xrp-centralized">Is XRP Centralized?</h2>
&nbsp;
There are many arguments on both sides. When Ripple’s protocol is published, Ripple Labs has no control over it. Validators run the code themselves. This is pretty similar to Bitcoin’s core development team, maintaining the Bitcoin protocol. On the other hand, Ripple does have an influence on the protocol since it maintains it. So if Ripple decides to create more coins, it can succeed in doing so. Ripple is like a Central Bank for RippleNet. But if Ripple ceases to exist, the validators can still run the network themselves. But the products that Ripple offers to third parties are not open-source and are run solely by RippleLabs.
Also, unlike Bitcoin which is censorship-resistant, Ripple is compliant with AML and other reporting requirements. This raises the question of decentralization and automated decision-making.
&nbsp;
&nbsp;
<h2 id="is-ripple-winning-the-sec-lawsuit">Is Ripple Winning the SEC Lawsuit?</h2>
&nbsp;
Back in December 2020, the <a href="https://cryptoticker.io/en/ripple-sec-grayscale-xrp-price-surge">SEC slammed Ripple with a lawsuit</a> for allegedly selling securities&nbsp;without a proper license. Of course, this statement is greatly debatable. First, cryptocurrencies were never considered a security, and by nature are not regulated. Second, there are no clear rules or specifics around cryptocurrencies yet. Ruling out that Ripple was dealing in a security that is not registered is plainly absurd.
&nbsp;
<img src="https://cryptoticker-strapi-media.s3.eu-central-1.amazonaws.com/SEC_1_02d867dbc3.jpg" alt="terra founder sues sec">
&nbsp;
Block.one, the company behind EOS had the EXACT SAME&nbsp;<a href="https://www.coindesk.com/eos-maker-block-one-settles-with-sec-over-unregistered-securities-sale">allegations</a>&nbsp;with the SEC, and they&nbsp;managed to settle within 1 year. Currently, there are <a href="https://cryptoticker.io/en/sec-appeal-10-percent-chance-ripple">many speculations that Ripple company is going to advance positively in the case</a> soon. If Ripple manages to win the case, the <a href="https://www.tradingview.com/symbols/XRPUSD/?aff_id=127958">XRP token</a> should skyrocket in price.
&nbsp;
&nbsp;
<h2 id="how-high-will-xrp-reach-in-2050">How High will XRP reach in 2050?</h2>
&nbsp;
<h3 id="xrp-price-prediction-2024">XRP Price Prediction 2024</h3>
The year 2024 has been a harsh one for the crypto market. However, things are looking to redress towards Q4 of 2024. This is especially true for XRP as Ripple company has some important timelines regarding its lawsuit with the SEC. It appears that the evidence against Ripple will appear soon. The opposition to motions for summary is due around Q4 2024. This means that in the near future we will be able to determine who clearly has the edge in winning the case.
For those specific reasons, XRP is likely to regain its $0.60-$0.90 territory by the end of 2024.
&nbsp;
<h3 id="h-xrp-price-prediction-2030">XRP Price Prediction 2030</h3>
By the year 2030, we expect that Ripple company would become a leader in cross-border payments. Not only individuals would use its blockchain, but also big companies. Ripple’s battles with the government would have eased by then, as more regulations would have come up, protecting XRP from uncalled-for crashes.
By 2030, XRP is likely to reach its previous prices of $1.5 and $2. This translates into a market cap between $75,875,731,631 and $101,167,642,175.
<h3 id="h-xrp-price-prediction-2040">XRP Price Prediction 2040</h3>
Many analysts predict that by the year 2040, the crypto space would have fully developed into a solid payment infrastructure. Ripple company would obviously be one of the biggest payment processing companies, merging blockchain tech with corporate standards. As Mastercard and Visa companies become so big, Ripple will be able to compete among those giants and reach half their power. This is because global crypto awareness should become known and the internet accessible to all. With those two factors in mind, XRP might be used by all because of its speed and cheap transactions.
By 2040, XRP is expected to reach again its previous all-time high price of around $3 and $3.5. This means that Ripple would have a market cap between $151,751,463,262 and $177,043,373,806.
<h3 id="h-xrp-price-prediction-2050">XRP Price Prediction 2050</h3>
By 2050, Ripple should be at a point where it reached Visa and Mastercard’s market share. Since everything will become digital in the future, payments will in turn become digital. Gone are the physical cash transactions, and digital ones should soar in value. This means that Ripple would have a market cap of around $500 Billion, which is not impossible if blockchain tech became mainstream. 
This means that XRP should reach a price of around $9 and $10.

Ripple Price Prediction: How High will XRP reach in 2050?

Table of Contents

CryptoTicker ENG

Other articles published on Sep 24, 2024

Top Gainers in Crypto Market: Wormhole, Nervos, and Bittensor Drive Blockchain Growth in 2024

Mining One Bitcoin Consumes Enough Energy to Power 61 U.S. Homes for a Year

Best Crypto to Buy Right Now September 24 – Jito, Lido DAO, Polkadot

FTX/Alameda Wallet Unstakes $24M SOL Amid Ongoing Investigations: Report

Blockchain Space Tokenization: IO’s Novel Approach at AFT

Bitcoin miner from 2009 sends BTC to Kraken

Join our free newsletter for daily crypto updates!