Is $XRP a buy right now?

Although Kendrick's forecast adds excitement to XRP's outlook, his model comes with important caveats.

First, broader adoption of Ripple does not automatically translate into greater use of XRP. Banks can use Ripple's infrastructure without settling transactions in XRP.

Second, despite Ripple's recent wins in the regulatory landscape, competition remains tough.

The growing popularity of stablecoins issued by private corporations, along with potential rollouts of central bank digital currencies (CBDC), offer alternative solutions that could diminish XRP's perceived value.

As of this writing (Aug. 18), XRP's market cap stood at roughly $181 billion, larger than PayPal or

Square individually, and about equal to the combined value of Coinbase and Robinhood Markets.

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