XRP News Today: XRP Could Reach $35 by 2029 if it Captures 25% of Remittance Market

XRP, the cryptocurrency developed by Ripple Labs, has the potential to reach $35 by 2029 if it captures a quarter of the remittance market, according to analysts' forecasts. This projection is based on the assumption that XRP will become a dominant player in the global remittance industry, which is currently valued at over $700 billion annually. The remittance market involves the transfer of money by foreign workers to their home countries, and it is a significant source of income for many developing nations.

The growth of XRP in the remittance market could be driven by several factors. One of the key advantages of XRP is its speed and low cost of transactions. Unlike traditional remittance methods, which can take several days and incur high fees, XRP transactions can be completed in a matter of seconds and at a fraction of the cost. This makes XRP an attractive option for individuals and businesses looking to send money quickly and efficiently.

Another factor that could contribute to the growth of XRP in the remittance market is its partnerships with financial institutions. Ripple Labs has already established partnerships with several major banks and payment providers. These partnerships could help to increase the adoption of XRP and expand its reach in the remittance market.

However, there are also challenges that XRP may face in its quest to capture a quarter of the remittance market. One of the main challenges is regulatory uncertainty. Cryptocurrencies are still a relatively new and unregulated industry, and there is a risk that governments may impose restrictions or bans on their use. This could limit the growth of XRP and other cryptocurrencies in the remittance market.

Another challenge is competition from other cryptocurrencies and traditional remittance providers. There are several other cryptocurrencies that are also targeting the remittance market. Additionally, traditional remittance providers are also investing in new technologies to improve their services and compete with cryptocurrencies.

Despite these challenges, the potential for XRP to capture a quarter of the remittance market by 2029 is significant. If XRP is able to overcome the regulatory and competitive challenges, it could become a dominant player in the global remittance industry and reach a value of $35 per token. This would represent a significant increase from its current value and would make XRP one of the most valuable cryptocurrencies in the world.

According to recent projections, the global remittance industry will swell from $783 billion in 2024 to $833 billion in 2025, growing at about 6.4% a year. That same pace is expected to push the total to roughly $1.06 trillion by 2029. Based on reports, if XRP captures 25% of that market and investors value its network at twice its annual volume—similar to big payments firms—the token’s market cap would hit $534 billion. With about 60 billion XRP in circulation, each coin would be worth $8.90.

Ripple has been busy lining up deals in places that move lots of money overseas. In these markets, people sending cash home often face high fees and slow transfers. XRP’s consensus system lets banks and money-transfer firms settle payments in seconds, not days. That speed could help push adoption even higher.

Based on court rulings, the US now treats XRP sales to retail buyers as not being securities. That change opens the door for more banks and payment companies to jump in without fear of a legal sting. It also gives some larger investors more confidence to hold XRP long term. Purely on network-value math, XRP at $8.89 would already be a four-fold jump from $2.22. But crypto markets often bid up tokens beyond those simple models. If growing adoption brings a 4× “demand premium,” XRP could climb all the way to $35.56 by 2029. That scenario assumes Ripple’s partnerships scale up, regulatory risks stay low, and investors see XRP as a must-have tool for cross-border payments.

Nothing is guaranteed. Market sentiment can swing. Token emissions from escrow or new supply changes could hurt the price. And if banks take longer than expected to roll out XRP-based services, demand could lag. On the flip side, more use cases—like tokenized assets or on-demand liquidity—could boost real-world volume and push the price even higher.