Why XRP Could Hit $100

Summary

In this video, the host dives into XRP's potential to reach $100 per coin, discussing both the possibilities and risks involved. He highlights key developments such as Ripple’s integration with Swift, Japan's adoption of XRP for global payments, and the impact of exchange-traded funds (ETFs) on its price. The host emphasizes the speculative nature of this prediction, offering insights into XRP's utility within the global payments system, the XRP Ledger, and Ripple’s stablecoin, Real USD. While optimistic about XRP’s future, the video stresses caution and reminds viewers to invest only what they can afford to lose.

Takeaways

• 😀 XRP is gaining attention for its potential to reach $100, but the video emphasizes the speculative nature of this prediction.
• 😀 The speaker owns 3,681 XRP, which makes up a small portion of their portfolio, highlighting that this is not a promotion for the coin.
• 😀 Adoption of XRP is progressing, with 80% of Japanese banks set to embrace it for global payments by 2025, signaling increasing utility.
• 😀 Exchange-traded funds (ETFs) for XRP could drive demand by offering easier access for institutional investors, although approval is not guaranteed.
• 😀 Ripple's integration into the Swift payment system could drastically reduce cross-border transaction costs, boosting XRP's utility as a bridge currency.
• 😀 Ripple's compliance with ISO 222, a global banking standard, could lead to massive adoption by banks and financial institutions.
• 😀 The XRP Ledger (XRPL) can handle 1,500 transactions per second with ultra-low fees, making it a strong contender for large-scale financial operations.
• 😀 Ripple's stablecoin, RL USD, could complement XRP in payment solutions, creating a dual-currency system that improves speed and stability.
• 😀 The repeal of SAB 121 could encourage banks to hold and lend cryptocurrencies, potentially increasing liquidity and demand for XRP.
• 😀 Political factors, such as President Trump forming a crypto advisory council and a sovereign wealth fund, could influence the adoption of XRP.
• 😀 The video concludes that while XRP has massive potential, its future is speculative and highly dependent on various factors, similar to Bitcoin's past growth trajectory.

Q & A

Why is the speaker hesitant to make crypto price prediction videos?

The speaker is hesitant because crypto price predictions are often inaccurate, and they acknowledge the challenges of making such predictions correctly.

How many XRP does the speaker own, and when did they buy it?

The speaker owns 3,681 XRP, which they bought in 2017.

What is the value of the speaker's XRP holdings at today's prices?

At today's prices, the speaker's XRP holdings are worth between $8,000 to $10,000.

What are the potential catalysts for XRP's price increase?

Some of the key catalysts for XRP's price increase include Ripple's integration into the Swift payment system, the potential approval of an XRP ETF, adoption by Japanese banks, and Ripple's development of stablecoins like real USD.

What is Ripple's role in the Swift payment system?

Ripple's integration into Swift aims to modernize the global payment system by using XRP as a bridge currency for faster and cheaper country-to-country payments.

What is the significance of ISO 222 compliance for XRP?

ISO 222 compliance is important because it allows XRP to integrate into the global banking messaging system, which could lead to massive adoption by financial institutions and banks.

How does the XRP Ledger compare to other blockchain systems like Ethereum and Bitcoin?

The XRP Ledger can handle over 1,500 transactions per second with extremely low fees, whereas Ethereum handles about 30 transactions per second, and Bitcoin only handles around seven transactions per second.

What is the potential impact of an XRP ETF on its price?

If an XRP ETF is approved, it could increase institutional investments and broaden access to XRP, similar to the price increases seen with Bitcoin and gold ETFs. However, it is not a guaranteed price increase.

What is the function of real USD (Ripple's stablecoin) within the XRP ecosystem?

Real USD is a stablecoin developed by Ripple that could work with XRP for more stable transactions. It could be used in Ripple's OnDemand Liquidity (ODL) product to provide stability in payments while XRP handles speed and cost-efficiency.

What are some of the potential risks and criticisms related to XRP's future?

Some risks and criticisms include concerns about XRP's centralization, as it is tied to Ripple Labs and has a CEO. Additionally, if real USD becomes too dominant, it could overshadow XRP in some use cases, especially for large transactions requiring stability.

How does the speaker view the future of XRP and its potential price growth?

The speaker believes XRP has significant potential to grow in value, especially with developments like adoption by banks and countries, integration into global financial systems, and the approval of ETFs. However, they emphasize that the future is highly speculative and that no predictions are guaranteed.

What does the speaker mean by 'at the edge of expectations, assumptions turn into belief'?

The speaker suggests that as expectations about an asset like XRP evolve, assumptions about its future price become beliefs. This mirrors Bitcoin's journey, where early assumptions about its value eventually came true over time, but the path is still speculative.