- XRP’s price could rise to $24, possibly $27, driven by market cycles and increasing adoption.
- Blockchain technology has the potential to unlock trillions in liquidity, transforming industries globally.
- Tokenization in real estate and cross-border payments could boost XRP’s demand by improving market efficiency.
The future price of XRP has been the subject of an active discussion among cryptocurrency analysts. During a recent talk, Egrag Crypto and a blockchain professor, Dr. Y, discussed their difference of opinion regarding the potential of the coin. Dr. Y believes the top of the XRP cycle will be at the $3.40 level, after which it may decline. Nevertheless, Egrag predicts that the price of XRP can rise to prices as high as $24, and it is even possible that they hit $27.
Economic issues in the world affect the analysis of Dr. Y. The financial disparities between the U.S. and the geopolitical tensions seemed to him like the factors that could drive the price of XRP down to the $0.42 level. He considers the coin is based on the conventional financial factors that will restrict its development prospects and reduce its upward trend.
Source: X
XRP and Real Estate Tokenization
Analyst Egrag Crypto disagrees, saying that global financial concerns do not drive the price of XRP. Instead, he believes that the secret to XRP’s development lies in blockchain technology and its application in tokenizing global markets. He claims that this technology will change industries, unlocking trillions of dollars of liquidity and opening up new opportunities to XRP.
One of the fields where blockchain technology, and hence XRP, can play a significant role is the real estate market. The total value of the global real estate market has been estimated to be at $280 trillion, and tokenization might allow real-time transactions and fractional ownership. This would bring more investors into the market and raise its liquidity in a sector that has traditionally been hard to enter.
Blockchain Simplifies Payment Systems
Payments across borders also have a huge potential, even for Ripple. The international transactions are currently held to the extent of $27 trillion in Nostro/Vostro accounts. It is possible to simplify these payments with blockchain, thereby eliminating expenses and increasing liquidity. Consequently, Ripple may be a central element in cross-border payments, which will boost the demand for the coin.
Egrag crypto is optimistic, despite Dr. Y’s prediction of a downturn. With market cycles and the increasing popularity of blockchain technology, he predicts that Ripple will be able to surpass the $24 mark, possibly as high as $27. He is confident about the future of Ripple due to the role of increasing blockchain in tokenizing assets and transforming industries.
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