Prediction: This Will Be the Cryptocurrency XRP's Price by Late 2027 (Hint: It's a Big Move)

Ripple's new Mint platform lets banks create and redeem RLUSD, its dollar-backed stablecoin -- but it does very little for XRP.

RLUSD is steadily replacing XRP as Ripple's preferred asset for institutional adoption, undermining the original investment thesis for the token.

I expect XRP to fall to around $0.60 by late 2027 as Ripple's growth increasingly flows through RLUSD rather than its original cryptocurrency.

On July 23, Ripple announced an important new product, Ripple Mint. It's a platform that lets banks and trading firms create and cash in RLUSD, the company's dollar-backed digital token. And it's a serious piece of plumbing for the company behind XRP (CRYPTO: XRP) -- it also has very little to do with XRP.

This is part of a pattern that's becoming hard to ignore: Ripple is continuing to expand its reach in global finance, but primarily through RLUSD -- not XRP. And that means the token's price continues to fall.

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I think this will continue, and my call is roughly $0.60 by late 2027. Let me explain.

For more than a decade, the basic case for XRP rested on the idea that as banks around the world adopted Ripple's products , XRP's value would steadily increase. More banks meant more demand.