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, founder and CEO of German-based venture capitalist firm Tokentus Investment AG, has given a bullish price prediction for . According to him, XRP could hit $10 soon enough.
XRP Price To $10 Is Just The Beginning
Michel during an interview with Der Aktionär, a leading German finance magazine, that he expects XRP to rise to between $5 and $10 in the first wave of its parabolic move to the upside. Interestingly, he added that XRP would eventually hit three to four figures and didn’t about XRP’s current price action.
Meanwhile, Michel revealed that he is invested in the XRP tokens as he has them both in his family office and with his company, Tokentus. The same applies to Ripple shares, which he stated he purchased through an SPV (Special Purpose Vehicle).
Michel is no stranger to the XRP ecosystem, considering that his company with Ripple last year in an effort to grow and increase the adoption of the XRP Ledger (XRPL). During the interview, Michel also offered his thoughts on Ripple as a “professional company” and sounded so bullish on what the crypto firm was building with its .
He used the opportunity to elaborate further on how Ripple was simplifying cross-border transactions with the help of the XRPL and XRP tokens. Ripple is known to settle these transactions through its blockchain, with XRP serving as the utility token, and these XRP tokens are then converted to the fiat currency of the recipient’s choice.
XRP To Become The “World Reserve Bridge Currency”
Michel stated that XRP could become the “world reserve bridge currency” once countries implement their CBDCs (Central Bank Digital Currency). Ripple’s XRPL is as the go-to chain for CBDC settlements. The crypto firm that they were already actively working with more than 20 Central banks on CBDC initiatives.
The Tokentus founder also believes it won’t be long before other fall back on Ripple to help them implement their CBDCs. He noted that the pressure was piling up on these banks to act now to avoid an impending economic collapse. XRP is expected to play an integral role when this all happens.
Ripple’s XRPL also looks set to act as the intermediary between all these CBDCs when the time comes. Bitcoinist how the network’s clawback feature boosts the prospects of CBDCs being implemented on it.
At the time of writing, XRP is trading at around $0.58, down over 1% in the last 24 hours, according to from CoinMarketCap.
XRP at $0.58 | Source:
Featured image from Analytics Insight, chart from Tradingview.com
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