The cryptocurrency world and the banking industry have started feeling the importance of XRP. As its use cases keep on increasing every day, the lovers of the cryptocurrency keep on believing that the digital asset will reach $500 or $1000 milestone sooner than expected.
Although discounting this assertion may appear impossible, the social communities especially Twitter have received counter assertions and unsubstantiated remarks about XRP.
As heart-rending as these remarks may appear, they cannot withstand the test of Ripple’s nonstop introduction of use cases that has the potential of bringing XRP to the set milestone by the community.
Can XRP Get To $500 or $1000 Any Time Soon?
First, it is worthy to note that it took Bitcoin (BTC) nothing less than 7 years to get to $20,000 from its usual $0.003. This may not be the case of XRP for the fact that many a number of developments keep coming the way of the cryptocurrency.
One of XRP enthusiasts who weighed in on this issue believes that the digital currency could reach the set milestone for the fact that Bitcoin without any important use case other than it been used for trading on exchanges got to $20,000 from $0.003, compared to XRP that is wide adoption almost every day.
In this wise, laughing down enthusiasts for predicting $500-$1000 XRP price is laughable in all sense.
With $500-$1000 Milestone, Will XRP Be Expensive Than SWIFT?
Antagonists opined that XRP will be more expensive than SWIFT once it reaches $500-$1000 Milestone. However, the XRP community sees this claim as untrue.
Crashing the unfounded assertions, XRP Trump, an ardent supporter of the digital asset said: “I want to send $50 to Tijuana, Mexico. If you make a transaction using SWIFT you will pay more than $50 in fees. In xRapid you can do it for about 0.4% cost in USD to MXN. You have not presented any scenario where SWIFT is cheap. It’s because it’s false information. Thank you.”
With Nonstop Partnership With Financial Institutions, XRP Will Get There
There is no gainsaying that XRP will reach the set milestone by community anytime soon. One, the introduction of xRapid, a tool that is fully dependent on XRP and strengthening the digital currency, there is hope for the cryptocurrency to increase in value with time.
Beyond that, several financial institutions have started using the tool and find it relevant in terms of reduced price and speed. The more partnership it gets, the more the demand for XRP, hence, the higher the price.