Prediction: XRP (Ripple) Will Be Worth This Much in 5 Years

XRP (CRYPTO: XRP) has advanced 725% in the last three years, with most of those gains coming in the last 12 months following President Trump's election and the SEC's decision to end its lawsuit against Ripple, a fintech company that uses the XRP blockchain to facilitate payments for businesses and financial institutions.Geoff Kendrick at Standard Chartered anticipates more gains as XRP plays a larger role in the global financial systems and XRP ETFs bring more investors to the market. He estimates XRP to reach $12.25 by 2029. That implies 315% upside from its current price of $2.95, which is equivalent to annual returns of 43%.That seems overly optimistic. Morningstar analysts expect the broader cryptocurrency market to grow at 9% annually through 2034, a reasonable estimate that roughly aligns with the long-term returns in the global stock market. XRP, the third-largest cryptocurrency, is likely to outperform the market, but not so much as Kendrick predicted.Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool