XRP's Global Payment Market Potential and $1.7 Billion in ETF Assets
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 2d ago
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Source: Fool
- Market Share Potential: Ripple launched XRP as a bridge currency for its payment network, with the international payments market expected to grow from $190 trillion in 2023 to $290 trillion by 2030, and XRP's transaction fee of just $0.0002 and settlement time of 3 to 5 seconds provide significant competitive advantages.
- ETF Investment Opportunity: The SEC approved the first spot XRP ETFs in November, making XRP the second-fastest cryptocurrency to reach $1 billion in ETF holdings, with current assets under management totaling $1.7 billion, attracting more investor interest.
- Increased Investment Accessibility: The introduction of XRP ETFs allows investors to invest through brokerage accounts and tax-advantaged retirement accounts, providing a regulated investment avenue that is particularly important for institutional investors who cannot purchase cryptocurrencies directly through exchanges.
- Long-Term Growth Potential: While XRP carries risks, its role in cross-border payments and the availability of ETFs provide long-term growth potential, suggesting that investors may consider adding some XRP to their portfolios while being mindful of the associated risks.
Analyst Views on XRP
Wall Street analysts forecast XRP stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for XRP is USD with a low forecast of USD and a high forecast of USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
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About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
