Ripple Integration With ISDA Ushers In $1.2 Quadrillion Market, Can XRP Breach $100?

Scott Matherson

Last Updated: June 11, 2024 8:14 am

3 mins read

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XRP, the native token of Ripple, is poised to take part in a $1.2 quadrillion derivatives market following Ripple’s integration into the ranks of the ISDA ushers.

XRP To Enter The $1.2 Quadrillion Derivatives Market

Earlier in August 2023, Ripple, a crypto payments solution, announced its membership with the International Swaps and Derivatives Association (ISDA). The strategic move came as a pleasant surprise to XRP community members, as it positioned XRP to fully partake in the massive $1.2 quadrillion derivatives market.

Ripple’s entry into this prestigious club is seen as a significant milestone, allowing the crypto payments company to stand alongside financial giants such as J.P Morgan, Goldman Sachs, and the London Stock Exchange.

Many XRP enthusiasts are looking forward to a bullish outlook for the XRP token. Some have even mulled over the possibility of XRP breaching the $100 threshold. These expectations are fueled by considerations that a successful performance in the derivatives market could serve as a catalyst for significant price movement in the cryptocurrency.

Presently, the price of XRP has not shown any notable price growth, even with speculation that a Ripple IPO is imminent. Nevertheless, enthusiasts remain vigilant, closely observing the cryptocurrency for any developments that could propel its price upwards. A $100 milestone, if achieved, has the potential to further strengthen the altcoin’s position in the crypto space.

Prediction Suggests $100 Price Increase

The potential Ripple Initial Public Offering (IPO) and the near resolution of the lawsuit between Ripple and the United States Securities and Exchange Commission (SEC), have generated positive sentiment about XRP’s future price. Some analysts have predicted large-scale price increases as high as $5,000 for a single XRP token in the future.

One notable prediction by an X (formerly Twitter) influencer stated the price of the token was poised to reach $100. He used metrics from Bitcoin’s upsurge from $0.01 to $69,000 in 2021 as a basis for his prediction, highlighting the unpredictability of cryptocurrencies skyrocketing.

There have been other recent price predictions that show XRP projecting to $10. Changelly predicts that the altcoin’s price will breach its previous all-time high by 2027, and expects that the token’s price will rise above $10 by 2030.

The price of XRP, at the time of writing, is trading at $0.595 according to CoinMarketCap. The price value is more than 83% below its all-time high of $3.84 in 2018.

Price suffer amid crypto market troubles | Source: XRPUSD on Tradingview.com

Featured image from Coingape, chart from Tradingview.com

Scott Matherson

Scott Matherson is a prominent crypto writer at NewsBTC with a knack for capturing the pulse of the market, covering pivotal shifts, technological advancements, and regulatory changes with precision. Having witnessed the evolving landscape of the crypto world firsthand, Scott is able to dissect complex crypto topics and present them in an accessible and engaging manner. Scott's dedication to clarity and accuracy has made him an indispensable asset, helping to demystify the complex world of cryptocurrency for countless readers.

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With years of experience in the crypto market, Scott began to focus on his true passion: writing. During this time, Scott has been able to author countless influential pieces that have drawn in millions of readers and have shaped public opinion across various important topics. His repertoire spans hundreds of articles on various sectors in the crypto industry, including decentralized finance (DeFi), decentralized exchanges (DEXes), Staking, Liquid Staking, emerging technologies, and non-fungible tokens (NFTs), among others.

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