{"id":645570,"date":"2024-10-01T13:00:07","date_gmt":"2024-10-01T13:00:07","guid":{"rendered":"https:\/\/wncen.com\/?p=645570"},"modified":"2024-10-01T06:36:14","modified_gmt":"2024-10-01T06:36:14","slug":"xrp-price-reaching-1000-2","status":"publish","type":"post","link":"https:\/\/wncen.com\/analysis\/xrp\/xrp-price-reaching-1000-2\/","title":{"rendered":"Crypto Researcher Reveals Why XRP Price Reaching $1,000 Is Not A Pipe Dream"},"content":{"rendered":"

The XRP price has struggled for the last three years<\/a>, staying down even when Bitcoin and other altcoins rallied to possible new all-time highs. However, even through this, the XRP community has remained steadfast in their belief that the altcoin\u2019s price will reach new peaks. Forecasts have ranged from reaching $1 to as high as $1,000. The latter has been hotly debated among crypto investors. However, one crypto researcher believes that the XRP price will be able to touch $1,000 eventually, giving reasons for why this could happen.<\/p>\n

Dominating Global Banking Systems<\/h2>\n

The selling point of the XRP token <\/a>has always been the fact that it is to be integrated into the world banking systems, allowing for cheaper, faster, and smoother transactions. The expectations for the token\u2019s use in banking were the initial reason behind its meteoric rise, and this has continued to foster belief in its future.<\/p>\n

Related Reading: Shiba Inu Price Could Jump 200% To $0.00006 In October, Here\u2019s Why<\/a><\/div>\n

Crypto researcher CryptoTank took to X (formerly Twitter), to reiterate<\/a> the value proposal of this for the XRP Price, alluding to this utility. The researcher points out that SWIFT is already integrating the RippleNet into its systems, and given SWIFT\u2019s volume, it could mean a lot of inflow for the token.<\/p>\n

They point out that SWIFT currently does around $5-$7 trillion in daily volume, even with high fees of $20-$50 per transaction. However, compared to this, using RippleNet would bring fees down to pennies, allowing the payment platform to save hundreds of billions of dollars yearly. Furthermore, the researcher explains that even if Ripple were to only get 10% of SWITF\u2019s trading volume, it would mean a substantial $500 billion at least passing through RippleNet daily.<\/p>\n

At this rate, the low XRP price<\/a> would not be adequate to handle the volume from SWIFT alone. Thus, the researcher believes that the XRP price would rise<\/a> to be able to compensate for this new volume. \u201cXRP has to be very high to move just 10% of Swifts daily volume,\u201d the researcher said. \u201cWhen you start adding the other banks in it gets crazy how high XRP will go.\u201d<\/p>\n

XRP Price To $1,000 Debate<\/h2>\n

The recent debate surrounding the XRP price reaching $1,000 began with the Uphold crypto exchange asking the community what they would do if the XRP price were to hit $1,000. This sparked speculations <\/a>on whether or not the altcoin can actually reach this price, triggering input from various angles.<\/p>\n

Related Reading: US Spot Bitcoin ETFs Become Second-Largest Holder Of BTC Behind Satoshi<\/a><\/div>\n

However, on-chain investigator TruthLabs debunked this possibility<\/a>, citing how much the market cap would have to grow for it to hit this target. According to the investigator, the XRP market cap would have to reach $100 trillion, whi<\/p>\n

Featured image created with Dall.E, chart from Tradingview.com<\/div>\n

ch is 50x the current market cap of the entire crypto market.<\/p>\n

\"XRP
Price struggles to stay up | Source: XRPUSDT on Tradingview.com<\/a><\/figcaption><\/figure>\n
Featured image created with Dall.E, chart from Tradingview.com<\/div>\n","protected":false},"excerpt":{"rendered":"

The XRP price has struggled for the last three years, staying down even when Bitcoin and other altcoins rallied to possible new all-time highs. However, even through this, the XRP community has remained steadfast in their belief that the altcoin\u2019s price will reach new peaks. Forecasts have ranged from reaching $1 to as high as $1,000. The latter has been hotly debated among crypto investors. However, one crypto researcher believes that the XRP price will be able to touch $1,000 eventually, giving reasons for why this could happen. Dominating Global Banking Systems The selling point of the XRP token has always been the fact that it is to be integrated into the world banking systems, allowing for cheaper, faster, and smoother transactions. The expectations for the token\u2019s use in banking were the initial reason behind its meteoric rise, and this has continued to foster belief in its future. Related Reading: Shiba Inu Price Could Jump 200% To $0.00006 In October, Here\u2019s Why Crypto researcher CryptoTank took to X (formerly Twitter), to reiterate the value proposal of this for the XRP Price, alluding to this utility. The researcher points out that SWIFT is already integrating the RippleNet into its systems, and given SWIFT\u2019s volume, it could mean a lot of inflow for the token. They point out that SWIFT currently does around $5-$7 trillion in daily volume, even with high fees of $20-$50 per transaction. However, compared to this, using RippleNet would bring fees down to pennies, allowing the payment platform to save hundreds of billions of dollars yearly. Furthermore, the researcher explains that even if Ripple were to only get 10% of SWITF\u2019s trading volume, it would mean a substantial $500 billion at least passing through RippleNet daily. At this rate, the low XRP price would not be adequate to handle the volume from SWIFT alone. Thus, the researcher believes that the XRP price would rise to be able to compensate for this new volume. \u201cXRP has to be very high to move just 10% of Swifts daily volume,\u201d the researcher said. \u201cWhen you start adding the other banks in it gets crazy how high XRP will go.\u201d XRP Price To $1,000 Debate The recent debate surrounding the XRP price reaching $1,000 began with the Uphold crypto exchange asking the community what they would do if the XRP price were to hit $1,000. This sparked speculations on whether or not the altcoin can actually reach this price, triggering input from various angles. Related Reading: US Spot Bitcoin ETFs Become Second-Largest Holder Of BTC Behind Satoshi However, on-chain investigator TruthLabs debunked this possibility, citing how much the market cap would have to grow for it to hit this target. According to the investigator, the XRP market cap would have to reach $100 trillion, whi Featured image created with Dall.E, chart from Tradingview.com ch is 50x the current market cap of the entire crypto market. Featured image created with Dall.E, chart from Tradingview.com<\/p>\n","protected":false},"author":594,"featured_media":645572,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[83363],"tags":[167,6664,26263,14690,3680,17209,4531,83637,13172,10972,78763],"class_list":["post-645570","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-xrp","tag-analyst","tag-crypto","tag-crypto-analyst","tag-crypto-news","tag-ripple","tag-ripple-news","tag-xrp","tag-xrp-news","tag-xrp-price","tag-xrpusd","tag-xrpusdt"],"acf":[],"yoast_head":"\nCrypto Researcher Reveals Why XRP Price Reaching $1,000 Is Not A Pipe Dream<\/title>\n<meta name=\"description\" content=\"The XRP price has struggled for the last three years, staying down even when Bitcoin and other altcoins rallied to possible new ATHs.\" \/>\n<meta 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During this time, Scott has been able to author countless influential pieces that have drawn in millions of readers and have shaped public opinion across various important topics. His repertoire spans hundreds of articles on various sectors in the crypto industry, including decentralized finance (DeFi), decentralized exchanges (DEXes), Staking, Liquid Staking, emerging technologies, and non-fungible tokens (NFTs), among others. Scott\u2019s influence is not just limited to the countless discussions that his publications have sparked but also as a consultant for major projects in the space. He has consulted on issues ranging from crypto regulations to new technology deployment. Scott\u2019s expertise also spans community building and contributes to a number of causes to further the development of the crypto industry. Scott is an advocate for sustainable practices within the crypto industry and has championed discussions around green blockchain solutions. His ability to keep in line with market trends has made his work a favorite among crypto investors. In his personal life, Scott is an avid traveler and his exposure to the world and various way of life has helped him to understand how important technologies like the blockchain and cryptocurrencies are. This has been key in his understanding of its global impact, as well as his ability to connect socio-economic developments to technological trends around the globe like no one else. Scott is known for his work in community education to help people understand crypto technology and how its existence impacts their lives. He is a well-respected figure in his community, known for his work in helping to enlighten and inspire the next generation as they channel their energies into pressing issues. His work is a testament to his dedication and commitment to education and innovation, as well as the promotion of ethical practices in the rapidly developing world of cryptocurrencies. Scott stands steady in the frontlines of the crypto revolution and is committed to helping to shape a future that promotes the development of technology in an ethical manner that translates to the benefit of all in the society.","sameAs":["https:\/\/x.com\/https:\/\/twitter.com\/MathersonScott"],"url":"https:\/\/wncen.com\/author\/mathersonscott1\/"}]}},"parsely":{"version":"1.1.0","meta":{"@context":"https:\/\/schema.org","@type":"NewsArticle","headline":"Crypto Researcher Reveals Why XRP Price Reaching $1,000 Is Not A Pipe Dream","url":"http:\/\/wncen.com\/analysis\/xrp\/xrp-price-reaching-1000-2\/","mainEntityOfPage":{"@type":"WebPage","@id":"http:\/\/wncen.com\/analysis\/xrp\/xrp-price-reaching-1000-2\/"},"thumbnailUrl":"https:\/\/wncen.com\/wp-content\/uploads\/2024\/10\/XRP-Price.jpeg?resize=200%2C200","image":{"@type":"ImageObject","url":"https:\/\/wncen.com\/wp-content\/uploads\/2024\/10\/XRP-Price.jpeg?fit=1792%2C1024"},"articleSection":"XRP","author":[{"@type":"Person","name":"Scott Matherson"}],"creator":["Scott Matherson"],"publisher":{"@type":"Organization","name":"NewsBTC","logo":"https:\/\/wncen.com\/wp-content\/uploads\/2020\/06\/cropped-cropped-cropped-favicon.png?w=32"},"keywords":["analyst","crypto","crypto analyst","crypto news","ripple","ripple news","xrp","xrp news","xrp price","xrpusd","xrpusdt"],"dateCreated":"2024-10-01T13:00:07Z","datePublished":"2024-10-01T13:00:07Z","dateModified":"2024-10-01T13:00:07Z"},"rendered":"<script type=\"application\/ld+json\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@type\":\"NewsArticle\",\"headline\":\"Crypto Researcher Reveals Why XRP Price Reaching $1,000 Is Not A Pipe Dream\",\"url\":\"http:\\\/\\\/wncen.com\\\/analysis\\\/xrp\\\/xrp-price-reaching-1000-2\\\/\",\"mainEntityOfPage\":{\"@type\":\"WebPage\",\"@id\":\"http:\\\/\\\/wncen.com\\\/analysis\\\/xrp\\\/xrp-price-reaching-1000-2\\\/\"},\"thumbnailUrl\":\"https:\\\/\\\/wncen.com\\\/wp-content\\\/uploads\\\/2024\\\/10\\\/XRP-Price.jpeg?resize=200%2C200\",\"image\":{\"@type\":\"ImageObject\",\"url\":\"https:\\\/\\\/wncen.com\\\/wp-content\\\/uploads\\\/2024\\\/10\\\/XRP-Price.jpeg?fit=1792%2C1024\"},\"articleSection\":\"XRP\",\"author\":[{\"@type\":\"Person\",\"name\":\"Scott Matherson\"}],\"creator\":[\"Scott Matherson\"],\"publisher\":{\"@type\":\"Organization\",\"name\":\"NewsBTC\",\"logo\":\"https:\\\/\\\/wncen.com\\\/wp-content\\\/uploads\\\/2020\\\/06\\\/cropped-cropped-cropped-favicon.png?w=32\"},\"keywords\":[\"analyst\",\"crypto\",\"crypto analyst\",\"crypto news\",\"ripple\",\"ripple news\",\"xrp\",\"xrp news\",\"xrp price\",\"xrpusd\",\"xrpusdt\"],\"dateCreated\":\"2024-10-01T13:00:07Z\",\"datePublished\":\"2024-10-01T13:00:07Z\",\"dateModified\":\"2024-10-01T13:00:07Z\"}<\/script>","tracker_url":"https:\/\/cdn.parsely.com\/keys\/wncen.com\/p.js"},"jetpack_sharing_enabled":true,"jetpack_featured_media_url":"https:\/\/wncen.com\/wp-content\/uploads\/2024\/10\/XRP-Price.jpeg?fit=1792%2C1024","amp_enabled":true,"_links":{"self":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/posts\/645570"}],"collection":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/users\/594"}],"replies":[{"embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/comments?post=645570"}],"version-history":[{"count":1,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/posts\/645570\/revisions"}],"predecessor-version":[{"id":645575,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/posts\/645570\/revisions\/645575"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/media\/645572"}],"wp:attachment":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/media?parent=645570"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/categories?post=645570"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/tags?post=645570"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}