What is Behind $10 Year End Prediction for Ripple (XRP)?

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Price predictions for Ripple (XRP) have been everywhere on the internet, from just about every type of source. Many of these predictions should be taken with a grain of salt, but when a CEO of a major institution tweets a clear price prediction for a different company, one should certainly take notice.

A couple of days ago, Yashitaka Kitao, CEO of Tokyo based Strategic Business Innovator Group (SBI Holdings), tweeted out that XRP will hit $10 in 2018. The significance of his prediction runs very deep. Here's why. Back in the beginning of March, SBI Holdings and SBI Ripple Asia announced a collaborative effort to create a new remittance app called "Money Tap",  which will allow its customers to settle transactions at any time of the day or night, every day of the week. The full release of the Money Tap app is scheduled the fall/summer of 2018 and will feature Resona Bank, SBI Net Sumishin Bank and Suruga Bank as the first three to offer the service.

About Money Tap

The app will be powered by Ripple's xCurrent system, the one that does not us XRP to settle. However, SBI did make a statement in March that they are "considering using XRP for bridge currency". Although this is promising for XRP holders, the word "considering" does not exactly sound like a definite move for the group. But, with Mr. Kitao's latest tweet making such a bold prediction as XRP price hitting $10 this year, can we now read between the lines that this means they will most certainly be using XRP, and sooner than later? To add an exclamation point to his prediction, Mr. Kitao added a grand endorsement of XRP, stating that "in the future XRP will become the global standard in cryptocurrencies."

Moon Landing

With Ripple XRP trading at approximately $.65 today, a prediction of $10 by year end is certainly a very ambitious number by any stretch of the imagination. But consider the fact that the Money Tap app will include the unification consortium consisting of 61 Japanese banks and that number sounds on point and even relatively low. Now add the strong possibility of the pending Western Union (NYSE:WU) announcement, which is rumored to be announcing a roll-out using XRP for remittance and that number starts to seem small. Just to add fuel to the fire, if MoneyGram's remittance partnership with Walmart (NYSE:WMT) announces that it will use XRP, which seems likely, then XRP might just have an unexpected "moon" landing this year. Stay tuned!

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Disclosure:

I have received no additional compensation other than the Ethereum that Hade Technologies pays to produce Exclusive content

Comments (24)

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XRP token has increased more than 100 times in the last year.

   0   Reply (0)   Follow(6)  

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    • John R
    • ,  Contributor
    • 18 April 2018, 03:04 pm

    Banks all over the World are using Ripple protocol in order to transfer money.

       0   Reply (1)   Follow(6)  

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      • Jesse
      • ,User
      • 18 April 2018, 04:04 pm

      Almost instantaneously

         0  

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        • Jesse
        • ,  Contributor
        • 18 April 2018, 03:04 pm

        It is one of the fastest cryptocurrencies when it comes to completing a transaction, like that about it.\n

           0   Reply (1)   Follow(6)  

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          When you say fast, how fast?

             0  

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            • Jesse
            • ,  Contributor
            • 18 April 2018, 02:04 pm

            XRP does not use blockchain, is that a concern?\n

               0   Reply (0)   Follow(6)  

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              • Scott
              • ,  Contributor
              • 18 April 2018, 11:04 am

              Do you accept credit cards?

                 0   Reply (1)   Follow(6)  

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                • Jesse
                • ,User
                • 18 April 2018, 11:04 am

                What about a pre-paid debit card?

                   0  

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                  • DoubleD
                  • ,  Contributor
                  • 18 April 2018, 11:04 am

                  What is HADE Pay?

                     0   Reply (0)   Follow(6)  

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                    It’s hard for me to imagine Ripple going to $10. We’ve had some very strong opinions on XRP, both sides of the fence. The bear case is quite strong.

                       0   Reply (3)   Follow(6)  

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                      Must admit with these crypto coins, anything is possible.

                         0  

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                        Yes but there are too many of them. Need to be consolidated (hence Hade Pay)

                           0  

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                          Hade Pay looks really interesting and can see the benifits it offers.

                             0  

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                            • Tito
                            • ,  Contributor
                            • 17 April 2018, 04:04 pm

                            Ripple is almost like a cult.

                               0   Reply (3)   Follow(6)  

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                              Know what you are saying, the vision of XRP changing the global financial system is alive in all Ripple HODLers.

                                 0  

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                                The Moon is the final destination for this coin and project.

                                   0  

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                                  LOL- All that is needed is a pinch and patience, as the rest of the Crypto-verse is converted to being Ripple Believers.

                                     0  

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                                    They have an online store that specializes specifically in Ripple merchandise. RippleMerchandise.com

                                       0   Reply (0)   Follow(6)  

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                                      • Scott
                                      • ,  Contributor
                                      • 17 April 2018, 04:04 pm

                                      Ripple community is large. The Ripple Telegram group is 61,951 strong.

                                         0   Reply (0)   Follow(6)  

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                                        Ripple community exhibits optimistic views, I will give them that. \n

                                           0   Reply (0)   Follow(6)  

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                                          What I like about Ripple, is its multiple partnerships with banks and other financial institutions,

                                             0   Reply (0)   Follow(6)  

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                                            • Jesse
                                            • ,  Contributor
                                            • 17 April 2018, 03:04 pm

                                            There is widespread belief that Wall Street bigwigs are about to kick start another bull run in crypto markets.

                                               0   Reply (0)   Follow(6)  

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                                              • DoubleD
                                              • ,  Contributor
                                              • 17 April 2018, 03:04 pm

                                              XRP had a disastrous start to the year, dropping 77.77 percent in the first quarter.

                                                 0   Reply (0)   Follow(6)  

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                                                • John R
                                                • ,  Contributor
                                                • 17 April 2018, 03:04 pm

                                                XRP is at .66 cents now, that would be a nice run-up to $10.00.\n

                                                   0   Reply (0)   Follow(6)  

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