XRP slipped to around $2.22 on July 7, marking a quiet session for the token. That price sits well below what many crypto backers think it should be.
They point to XRPโs speed, its ability to handle thousands of transfers every second, and a growing list of realโworld partnerships as reasons itโs undervalued.
XRP Eyes A Slice Of Remittance Market
According to recent projections, the global remittance industry will swell from $783 billion in 2024 to $833 billion in 2025, growing at about 6.4% a year. That same pace is expected to push the total to roughly $1.06 trillion by 2029.
Based on reports, if XRP captures 25% of that market and investors value its network at twice its annual volumeโsimilar to big payments firmsโthe tokenโs market cap would hit $534 billion. With about 60โฏbillion XRP in circulation, each coin would be worth $8.90.
Ripple Expands Global Ties
Ripple has been busy lining up deals in places that move lots of money overseas. Brazil, Mexico, the UAE, Saudi Arabia, Vietnam, and the Philippines are all on the list.
In these markets, people sending cash home often face high fees and slow transfers. XRPโs consensus system lets banks and moneyโtransfer firms settle payments in seconds, not days. That speed could help push adoption even higher.
Legal Clarity Boosts Confidence
Based on court rulings, the US now treats XRP sales to retail buyers as not being securities. That change opens the door for more banks and payment companies to jump in without fear of a legal sting. It also gives some larger investors more confidence to hold XRP long term.
Purely on networkโvalue math, XRP at $8.89 would already be a fourโfold jump from $2.22. But crypto markets often bid up tokens beyond those simple models. If growing adoption brings a 4ร โdemand premium,โ XRP could climb all the way to $35.56 by 2029.
That scenario assumes Rippleโs partnerships scale up, regulatory risks stay low, and investors see XRP as a mustโhave tool for crossโborder payments.
Key Risks And Variables
Nothing is guaranteed. Market sentiment can swing. Token emissions from escrow or new supply changes could hurt the price. And if banks take longer than expected to roll out XRPโbased services, demand could lag.
On the flip side, more use casesโlike tokenized assets or onโdemand liquidityโcould boost realโworld volume and push the price even higher.
Featured image from Meta, chart from TradingView
