{"id":358803,"date":"2024-09-30T15:21:31","date_gmt":"2024-09-30T09:51:31","guid":{"rendered":"https:\/\/dripp.zone\/news\/will-xrp-price-hit-100k-or-even-1m-heres-what-a-developer-says-crypto-news\/"},"modified":"2024-09-30T15:25:49","modified_gmt":"2024-09-30T09:55:49","slug":"will-xrp-price-hit-100k-or-even-1m-heres-what-a-developer-says-crypto-news","status":"publish","type":"post","link":"https:\/\/dripp.zone\/news\/will-xrp-price-hit-100k-or-even-1m-heres-what-a-developer-says-crypto-news\/","title":{"rendered":"Will XRP Price Hit $100K or Even $1M? Here\u2019s What a Developer Says – Crypto News"},"content":{"rendered":"

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XRP price could hit $100, $100K, <\/span>or even $1M, according to ex-R3 Corda developer Quincy Jones in a 2021 video<\/a>. Jones explains how this unrealistic price target could become a reality due to the nature of XRP, which is a \u201cfinancial instrument of liquidity.\u201d<\/p>\n

Will XRP Price Hit $100K or $1M?<\/strong><\/h2>\n

According to Quincy Jones, XRP is a financial instrument of liquidity between stocks, crypto, bonds, and debt. Since XRP is considered a liquidity tool, it would cost XRP for issuers to issue debt, stocks, cryptos or other assets.<\/span><\/p>\n

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In addition to issuing equity, adds Jones, debt could also be onboarded to the XRP Ledger. <\/span><\/p>\n

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\u201cSo XRP is only bound by the fiscal responsibility of the people that issue assets. So XRP could be $100, $100K, $1M,\u201d says Jones.\u00a0<\/span><\/p>\n<\/blockquote>\n

Hypothetically speaking, the developer added that $100 trillion worth of equity can be issued on the network if need be. Likewise, if the government wanted to issue $500 million, it can also be done on the XRP Ledger. But the critical point mentioned by Quincy Jones is that to do the above, XRP will serve as the means of exchange between US Dollars and the blockchain, which could have a massively bullish impact on the XRP considering the size of the asset issued.<\/span><\/p>\n

A recent XRP news includes a rumor that Ripple\u2019s partnership with UAE and India will use XRP for Oil purchases. Many speculate that this could allow Ripple to tap into the $500 trillion sector by leveraging XRP. In other news, XRP rallied 13% after breaching its two-week consolidation while Bitcoin and other crypto prices tanked<\/a>. What\u2019s next?<\/span><\/p>\n

XRP Eyes $1M According to Community<\/strong><\/h2>\n

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In a recent post, the XRP community\u2019s prediction suggested how XRP price could be worth $1M<\/a>. This story development began when a popular developer sarcastically noted the parity between Ripple\u2019s stablecoin RLUSD and 1 US dollar. To which a community member noted if an XRP drop would be worth $1, it could put the XRP at $1. Readers must note that an XRP token comprises a million drops.<\/p>\n

While the exaggerated targets for XRP price are a dime a dozen, investors needed to be more realistic and grounded in expectations. One analyst notes that Ripple could hit anywhere between $7 to $10 based on his analysis of XRP breaching a multi-year trend line.<\/p>\n

Analyst Forecasts Ripple\u2019s New ATH of $10\u00a0<\/strong><\/h2>\n

In a recent X post<\/a>, XForceGlobal posted an XRP chart that hinted at a multi-year breakout. Since 2020, Ripple price<\/a> is getting squeezed between two converging trend lines, denoting a drop in volatility. Such a range tightening often leads to a massive volatility breakout.\u00a0<\/span><\/p>\n

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In this case, XForceGlobal suggests that the recent breakout to the upside hints at a massive rally for XRP.\u00a0 The analyst adds that if Ripple manages to stay above this trend line for a \u201cfew more weeks\u201d then XRP could revisit the $7 to $10 range.\u00a0<\/span><\/p>\n