Ripple XRP, currently ranked as the third largest cryptocurrency by market capitalisation after Bitcoin and Ethereum, is set to reach the significant threshold of $1 by the end of the year. This prediction comes from Nigel Green, CEO of the independent financial advisory organisation deVere Group.
Nigel Green, the CEO, noted the positive momentum surrounding cryptocurrencies in recent weeks, especially highlighting Ripple XRP. Green, whose organisation advises high-net-worth clients with over $12 billion under advisement through a network of more than 70 offices globally, stated, ‘Cryptocurrencies are the future of money, and clearly, XRP is proving to be one of the most useful cryptocurrencies for businesses, organisations, and individuals.’
Green anticipates that the increasing use of XRP will naturally have a positive impact on its price, potentially reaching $1.00 before the year’s end. He further suggested that XRP’s value could potentially double within 12 months, given the expected surge in its adoption and usage.
Furthermore, Green expects Ripple XRP to become a key player in the global shift away from traditional currencies in the coming years. He commented, ‘XRP has been cleverly positioning itself to become a leading international facilitator of global remittances and inflows. This is a huge and growing market, especially in the emerging economies of Latin America, Asia, and Africa.’
With Ripple XRP gaining traction and set to play a pivotal role in the international financial landscape, its projected price increase underscores the growing influence and adoption of cryptocurrencies globally.