XRP: Impressive Growth Cryptocurrency and Prospects in the Next 3 Years

In the world of cryptocurrency, few coins have achieved performance like XRP (CRYPTO: XRP) recently. As of July 17, XRP is trading at 3.60 USD, and has increased by 899% over the past 3 years — far surpassing Bitcoin (BTC) with a rise of 464%. This is the best growth rate among the top 10 cryptocurrencies by market capitalization. However, as a familiar saying in the investment community goes: "Past performance is not indicative of future results." So where will XRP go in the next 3 years? Let's analyze the potential factors that could drive XRP's upward momentum as well as specific growth forecasts. Growth Forecast for XRP and the Crypto Market The total market capitalization of the cryptocurrency market has now reached 4 trillion USD, an increase of 61% over the past year. However, the crypto market is known for its boom and bust cycles. For example, after hitting a peak of 3 trillion USD in November 2021, the market plunged below 1 trillion USD and took nearly 3 years to recover. However, experts still maintain a positive outlook on long-term prospects. Below are some growth forecasts for the cryptocurrency market: IMARC Group: forecasts a compound annual growth rate (CAGR) of approximately 9.7% by 2033. Morningstar: forecasts a 10% CAGR by 2034. Roots Analysis: expects a CAGR of 11.5% by 2035. Applying this growth rate to the current price of XRP, in the next 3 years, XRP could reach a level of 4.75 USD to 4.99 USD — while this is a stable profit level, it may not be attractive enough for investors looking for a breakthrough. However, some experts are much more optimistic. For example, Geoffrey Kendrick from Standard Chartered Bank believes that XRP could reach 12.50 USD by the end of 2028. XRP and Ambition to Replace SWIFT in International Payments Ripple — the company developing XRP and the XRP Ledger (XRPL) — is working to create a more efficient international payment method. While the traditional SWIFT system is often slow and incurs fees ranging from 15 to 30 USD per transaction, the XRP Ledger can process transactions in 3 to 5 seconds at a cost of less than 0.01 USD. In addition, XRP is also used as an intermediary currency in cross-border transactions. Senders convert money to XRP, and then XRP is converted to the recipient's currency. Recently, Ripple also introduced a stablecoin called Ripple USD, which helps mitigate the price volatility risk of XRP. According to CEO Brad Garlinghouse, Ripple could capture 14% of SWIFT's total transaction volume within the next 5 years, equivalent to processing about 21 trillion USD each year. This figure is extremely ambitious, especially when the total transaction value of XRP has just surpassed 1 trillion USD at the end of last year. Could the XRP ETF be the next big boost? The U.S. Securities and Exchange Commission (SEC) has approved the first spot cryptocurrency ETF funds in 2024. The Bitcoin ETF will launch on January 10, followed by Ethereum on July 23. XRP could be the next name. The SEC is currently reviewing some applications for XRP ETF approval, and according to the prediction platform Polymarket, the probability of XRP being approved for an ETF by 2025 is as high as 86%. ETFs can help increase liquidity, reliability, and access for institutional investors to XRP. The case of Bitcoin is a clear example: the price of BTC doubled within a year after the ETF and attracted $54 billion in inflows. Although Ethereum did not achieve a similar effect, ETFs are still seen as a positive signal for any coin. XRP Price Prediction for the Next 3 Years In terms of application potential and market position, XRP has a strong possibility of significant price increase in the future. In a favorable scenario, with the approval of an ETF and expanded use in the field of international payments, XRP could reach a price of 7 USD or more within the next 3 years. However, if Ripple cannot expand its influence on financial institutions, or faces serious legal obstacles, the price of XRP could very well drop below 1 USD. The cryptocurrency market is highly volatile, and large profits always come with significant risks. Conclusion If you are considering investing in XRP, it is important to assess the risks reasonably and only invest money that you can afford to lose. XRP may be one of the most promising coins in the future, but there are also many variables that could affect its development roadmap.