Well, that is not an easy question to answer. The best way to predict cryptocurrency prices is by calculating the market capitalization using the available supply and demand data points. The current market cap of Ripple is $82.7 billion.
But, there are some factors that can affect Ripple’s price in 2022. For example, the company has been partnering with major institutions around the world to build a global payment network for faster transactions across borders with lower fees for customers and businesses.
Based on this partnership strategy, Ripple is aggressively aiming at dominating international payments which would lead to an increase in its value over time. Furthermore, it is anticipated that XRP will be used for liquidity purposes without holding any significant value.
Ripple wants to modernize banking so that so that it can be easier for people to send money across borders while also cutting down settlement times. One of the main goals of Ripple is working with banks so that they can do what they do best. Ripple has been able to sign on more than 100 banks over the years including some very large ones like Standard Chartered, Western Union, and Santander.
The company’s membership of SWIFT has put it in a good position too as its platform is being used by more than 11,000 financial institutions in 200 countries.
As the cryptocurrency market is in a continuous state of flux, it is difficult to predict where any given coin will stand in 2022. Predictions for Ripple’s value by the end of 2022 range from $1.6 to $2.00.