According to a report on XRP conducted by Lennard Neo Picolo Research, the intrinsic value of the XRP token should be $ 1.75 dollars. He also made a summary of the third quarter experienced by this virtual currency. The report also made a comparison between XRP, Swift and PayPal and also included other blockchain projects such as Stellar or OmiseGO.
Swift and PayPal are Ripple's competitors in the traditional payment industry. OmiseGO and Stellar are also important competitors in the blockchain and cryptocurrency markets. These companies offer different payment services all over the world.
However, Ripple's services have proved faster and more efficient than others such as Swift or PayPal. For example, the Ripple settlement time takes a few seconds, but it takes hours or even days for the Swift system. Rates are also a key factor that compares these two networks. Ripple commissions are close to $ 0.0004 cents, while SWIFT transactions are always higher than $ 2.5 dollars.
However, Ripple will have to increase the number of institutions that use its system, since SWIFT has more than 11,000 financial companies working with its platform. Ripple has more than 100 companies that use its services, but it is still far from ideal.
According to Picolo Research, it is not positive that Ripple and XRP are considered the same thing.
By the way, the research says:
"XRP's concerns are centralized because Ripple owns 60% of the total tokens.The lack of clarity on the classification of XRP is security or not.The lawsuits of Ripple could create problems."
And this is very serious. The US Securities and Exchange Commission (SEC) did not state whether XRP is considered a security security or not. If it is finally considered one, the securities laws apply to the company behind XRP.
At the end of the analysis, the paper explains that the intrinsic value of XRP should be $ 1.75 dollars. Remember that these estimates used are conservative and do not include burned tokens. In addition, the report explains that XRP will continue as one of the most important virtual currencies on the market if it continues its expansion in the financial sector.
At the time of writing, XRP is trading close to $ 0.46 and has a market capitalization of $ 18.44 billion. To reach $ 1.75 dollars, XRP is expected to grow 280%.