Simon McLoughlin, CEO of Uphold, a cloud-based financial services platform, expressed optimism about the future. XRP Price Outlook despite the stagnation in the price of cryptocurrency. McLoughlin predicts that the price of XRP could reach $10,000, surpassing the value of the world’s second largest cryptocurrency, Ethereum.
XRP price to reach $10,000
A crypto analyst identified as “Crypto Sensei” on X (formerly Twitter) revealed a bullish prediction for XRP, as articulated by McLoughlin. McLoughlin highlighted several factors that could propel XRP’s rise to new all-time highs.
Providing insight into the future prospects of XRP, Uphold CEO noted that integrating XRP into the traditional financial services industry would facilitate global recognition and adoption, leading to significant growth in the market value of the cryptocurrency. He predicts that all countries will adopt XRP and this growth will lead to a massive price rise up to $10,000.
McLoughlin based his bullish predictions on XRP’s tokenization and cross-border payment capabilities. He highlighted the transformative potential of tokenization in the financial sector, foreseeing an influx of capital and change involving the digitization of real-world assets such as stocks, real estate, bonds and others, thereby improving accessibility and liquidity.
As a technology that can be used for asset tokenization, XRP stands out for its advanced use cases and its ability to achieve fast and cost-effective cross-border transactions.
Sharing McLoughlin’s positive sentiments regarding the future prospects of XRP price, Crypto Sensei asserted the superiority of XRP over Bitcoin in terms of tokenization and international payment systems. In particular, he highlighted the high transaction speed of XRP, which settles hundreds of transactions in seconds, compared to Bitcoin, which takes minutes to process and finalize transactions.
Is XRP’s rise to $10,000 far-fetched?
When considering McLoughlin’s $10,000 price prediction for XRP price, it is important to note that the XRP price has been on a downward trend for years. This decline can be attributed to negative reactions related to its legal battle with the United States Securities and Exchange Commission (SEC), which began more than three years ago.
XRP has continuously consolidated around the $0.5 price mark, a decline of 0.45% year-over-year. The cryptocurrency saw a slight rebound around March, exceeding the threshold of $0.6but eventually witnessed a price correction and started trading around $0.5 again.
Too much XRP Investorsa price increase to $10,000 may be a long way, considering that XRP only recorded a high price of $3.84.
Crypto Sensei also acknowledged the uncertainty of this ambitious price target, disclose that it would take years before XRP could reach $10,000. During these years, XRP will gain widespread adoption and recognition, increasing its demand among users in different markets and potentially catalyzing a price surge.
An XRP supporter, identified as “JackTheRippler,” also revealed in a recent X article, XRP was successfully tested by over 11,000 banks on the old “SWIFT” system. He predicted that Ripple could potentially become a household name, with XRP as its backbone.
Featured image created with Dall.E, chart from Tradingview.com
