XRP, the sixth-largest cryptocurrency by market capitalization, is currently trading at $1.03, down 70% from its high last year. Despite this downturn, experts believe XRP has the potential to soar in value within the next three years.
Ripple, the company behind XRP, continues to discover new use cases for the token, driven by the blurring of lines between traditional and blockchain finance. The company's $50 billion valuation is a testament to its success as a major financial infrastructure provider, earning the trust of large financial institutions and banks.
XRP's value could reach $4 in a base-case scenario, while some ultra-bullish analysts predict it may hit $100 soon. However, the math does not currently support double-digit price predictions, with XRP's coin supply standing at 62 billion.