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The price of XRP could reach 3 or 4 digits, according to the Frankfurt Stock Exchange.
Oliver Michel, CEO of Tokentus AG, has shared bullish projections for XRP, suggesting it could reach price levels of three to four digits in the future. Michel, whose venture capital firm owns 372,000 XRP, talked about this in an interview with Der Aktionär on the floor of the Frankfurt Stock Exchange.
Michel emphasized Ripple's On-Demand Liquidity (ODL) —now known as Ripple Payments— as a groundbreaking solution for cross-border transactions. He explained how Ripple converts fiat currency into XRP, processes it on the XRP Ledger, and converts it back to fiat currency, reducing costs and transaction times. This efficiency could make XRP the preferred bridge currency for central banks and financial institutions worldwide.
From USD 5 to Three-Digit Valuations
Michel believes that XRP's price movements will occur in waves, starting with a short-term target of USD 5 to USD 10. However, he argues that XRP's role in CBDCs and global liquidity solutions could take it beyond double digits, reaching three or even four-digit ranges if global institutions fully integrate Ripple's technology.
His firm not only acquired XRP but also allocated USD 100,000 to Ripple shares in 2022, reaffirming its belief in Ripple's long-term potential.
Michel acknowledged the competition from alternatives like JP Morgan's JPM Coin but emphasized that Ripple's first-mover advantage and its early adoption in the financial sector position XRP to dominate cross-border payments.