XRP dropped to about $2.22 on July 7, marking a quiet trading session for this token. That price is much lower than what many cryptocurrency advocates believe it should be.

They point out that the speed of XRP, its ability to handle thousands of transactions per second, and the growing list of real-world partnerships are reasons why this coin is undervalued.

XRP Targets a Piece of the Money Transfer Market

According to recent forecasts, the global remittance industry is expected to grow from $783 billion in 2024 to $833 billion in 2025, a growth of about 6.4% per year. A similar rate is expected to push the total to about $1.06 trillion by 2029.

Based on reports, if XRP captures 25% of that market and investors price its network at double the annual volume—similar to major payment companies—then the market cap of this token would reach $534 billion. With about 60 billion XRP in circulation, each would be worth $8.90.

Ripple Expands Global Relationships

Ripple is busy arranging transactions in places that send large amounts of money abroad. Brazil, Mexico, UAE, Saudi Arabia, Vietnam, and the Philippines are all on the list.

In these markets, remittance senders often face high fees and slow transfers. XRP's consensus system allows banks and money transfer companies to settle payments in seconds, not days. That speed could help drive even higher adoption.

Based on the court ruling, the U.S. now considers the sale of XRP to retail buyers not to be securities. That shift opens the door for more banks and payment companies to participate without fear of legal repercussions. It also boosts the confidence of some large investors in holding XRP for the long term.

Based solely on network value math, XRP at $8.89 would be a fourfold increase from $2.22. However, the cryptocurrency market often drives token prices higher than those simple models. If increasing adoption brings a 'demand premium' four times, XRP could rise to $35.56 by 2029.

That scenario assumes Ripple's partnerships expand, legal risks remain low, and investors see XRP as an essential tool for cross-border payments.

Key Risks and Variables

Nothing is certain. Market sentiment can fluctuate. Token releases from escrow or changes in new supply could harm prices. And if banks take longer than expected to deploy XRP-based services, demand could slow.

On the other hand, more use cases—such as tokenized assets or on-demand liquidity—could drive actual transaction volume and push prices even higher.