Ripple update: XRP may eventually become the standard for large financial firms but…
This doesn’t mean its “successful” value will be high.
It may achieve a stable value of say $0.75 or so, and that will be where it’s valued once recognised as a useful currency for financial firms to exchange money. It may also be $0.05
The value we saw last year was pure speculation during hype. For Ripple’s very specific use case for XRP, and given that there will eventually be 100Bn in circulation, why on earth would it ever hit anywhere near $100 as some predict?
If it was adopted as a digital currency used for purchasing ANYTHING, then yes it could well achieve a high value. But this isn’t really what Ripple are pushing for, and every day we focus our hopes primarily on xRapid.
To put it bluntly, most of the hope relies on another hype wave. Even if XRP is successfully adopted for its use case, there’s no reason it would be worth more than $1 (it’s far less useful than a dollar in that case, for a start).
About Ripple (XRP)
Ripple connects banks, payment providers and digital asset exchanges via RippleNet to provide one frictionless experience to send money globally. Banks and payment providers can use the digital asset XRP to further reduce their costs and access new markets. XRP is the fastest and most scalable digital asset today.
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