XRP Price Forecast 2050: Ripple Encounters SEC Setbacks During Market Decline
“XRP will not dip below $3 again from this point onward.” This statement came from numerous 
XRP ▼-3.85% influencers last week. What exactly do these so-called experts know? Today we’re presenting a pragmatic XRP price forecast for 2050 and for the near future.
Even though Ripple, XRP’s parent company, has achieved recent victories against the SEC, it remains entangled in a web of bureaucratic challenges and unfavorable perceptions. This week, the crypto token fell to $2.87 after the SEC delayed several ETF decisions, including Nasdaq’s CoinShares proposal, which has now been pushed to October.
A recent audit contributed to the decline, as it ranked the XRP Record at the bottom of a security assessment covering 15 different blockchains. Here’s an explanation of why XRP may face difficulties in the short term but could offer substantial returns for long-term investors.
“A safety evaluation ranked XRP Record lowest among 15 blockchains, eroding trader trust.” – CoinDesk Data
XRP Price Forecast for 2050… First, the Short-Term Prices
On Wednesday, Ripple’s XRP was trading at $2.89, reflecting a 3.68% decrease from $3.00, with trading volume nearing $6.9 billion. Analysts at 99Bitcoins suggest that this drop appears to be traders realizing profits ahead of the next significant surge. Notably, one of the key players involved is Robinhood, which has sold more than 5 million XRP tokens in recent times.
Despite this decline, XRP has gained over 10% this week, boasting a market cap just shy of $172 billion.
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The wider trading market reflected similar trends with bolder fluctuations. Bitcoin dropped 10% to $114,000 following last week’s peak levels. Mantle, Pump.fun, and Morpho experienced gains, while Cardano, POL, and Sei faced declines.
All of this occurred as JPMorgan adjusted its Federal Reserve outlook. Concurrently, Wall Street cautioned that the new Genius Act might trigger a $6.6 trillion transfer from banks into stablecoins.
In this context, Bitcoin’s downturn appears less about weakness and more like a minor correction before moving to even greater heights.
Now, The Long-Term XRP Price
Let’s consider the worst-case scenario: $0.00 … the SEC prevails entirely, Ripple vanishes, and your grandchildren will know XRP only as a piece of trivia in a crypto museum located on the skyrocket.
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No. However, in a more realistic future, assuming Ripple navigates its regulatory challenges and secures significant cross-border settlement markets, analysts from 99B could envision XRP trading between $75-$100 by 2050.
Are we being conservative? Certainly! We don’t want to tempt fate. In summary, the only certainty is that we won’t recall today’s $3 price by that time.
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Main Points
- Despite Ripple achieving recent successes against the SEC, it continues to grapple with a mix of bureaucratic hurdles and poor public perception.
- Unexpectedly, a significant player is Robinhood, which has unloaded over 5 million XRP tokens in recent times.
The post XRP Price Forecast 2050: Ripple Encounters SEC Delays Amid Trading market Decline appeared first on 99Bitcoins.
