XRP, or Ripple as it’s often referred to within the trading industry, may have one of the lowest values of any cryptocurrency, but the same could be said for Bitcoin when it was first introduced back in 2009. As a rising star within the crypto field after being featured in publications, many traders still find themselves holding back from investing in this currency because, in the 11 years of its existence, it hasn’t seen much movement in demand. With that said, experts predict a shift in this dynamic over the course of the next few years.
More About Ripple
This type of crypto is unique because it isn’t simply a form of currency – it has several features that make it stand out from the crowd. As a real-time settlement platform, a remittance network, a currency exchange platform and a form of digital token, it’s a very diverse type of crypto. For some reason and even with all of the above considered, XRP price and demand has struggled to get off of the ground. Fortunately, it’s price has not seemed to affect its trading value, especially for long-term investment opportunities.
As mentioned above, however, this isn’t necessarily a bad thing, especially when considering what experts predict in the near future.
Expectations for XRP
With a current value of $0.47 at the time of writing this piece, XRP is one of the cheapest types of crypto available on the market. Although low in value, researchers have recently pointed out one particular factor relating to this currency – and that’s its anticipated increase and trading value. By the end of the first week of July, 2023, Ripple is expected to see a jump of 3.68% to just under $0.50 per token.
Although this amount might seem small, what’s worth considering is the percentage. Many forms of crypto, especially on the higher end of the spectrum only experience marginal increases to their value. Of course, this can add much more to its cost, as a 1% increase in Bitcoin value would still be almost $3000, but what’s truly interesting is that XRP has demonstrated a gradual, yet prominent increase with every incline.
What Does This Mean for XRP’s Future?
By 2028, Ripple is expected to be worth $20.02. Again, this amount seems very low at first glance, but considering that right now, 2 XRP tokens could be purchased for less than a dollar (USD), this translates to 20 for $10. If each of those 20 are sold for $20 in 2028, that’s a substantial profit. With many experts agreeing that the value will hit $20, with a lower estimate of roughly $15, even spending $2 right now will result in a profit amounting to the equivalent of 600%.
Many traders are put off by the low value of crypto like XPR, but the reality is that even in a worst-case scenario, a small investment will simply amount to a minor loss. If the demand increases and the value improves, however, XRP could go on to mimic profitable rewards on par with Ethereum as time goes by and the value per token increases.
