Could XRP, Ripple's digital asset, potentially reach a value of $100 per unit?
Buzzing the Crypto Sphere: The $100 XRP Dream
In the ever-εvolving world of cryptocurrencies, XRP is a favorite altcoin, and predictions about its future value can be downright audacious. The latest buzz? XRP hitting the $100 mark. This bold claim comes from the cyber sphere's very own influencer, John Squire.
For XRP to reach the $100 milestone, its market value needs to surge to a whopping $10 trillion. But Squire thinks this isn't an insurmountable challenge:
"Market cap isn't a wall, it's just price × supply. Real money doesn't measure in market cap. If you say the market cap is high, you're saying the average wage is low, like no one can afford a Ferrari."
Squire highlights XRP's liquidity as its secret weapon. He believes that even modest capital inflows could ignite a massive price spike, fueled by the scarcity of XRP in circulation:
"When demand spikes... supply runs out, price goes to the moon."
However, it's essential to remember that Ripple frequently unlocks 1 billion XRP each month, boosting the circulating supply and causing inflation.
XRP finds purpose beyond being just a memecoin. It's utilized for swift cross-border payments, and some banks are already on board. Squire speculates that increased adoption could drive up demand. He also mentions the growth of the XRP ecosystem, including Ethereum-based sidechains and DeFi applications woven into the XRP network. If XRP ETFs are approved, Squire foresees global adoption and the resulting fear of missing out (FOMO) propelling XRP towards its $100 goal. Yet, he reminds his followers that this is by no means financial advice, and everyone should do their homework.
Alongside Squire, other heavyweight financial institutions have grand predictions for XRP. UK-based heavyweight Standard Chartered foresees XRP reaching $5.50 by the end of this year and $12.50 by 2028, provided XRP ETFs are approved under the Trump administration. Proposals for spot XRP ETFs in the US by asset management giants such as Grayscale, Bitwise, 21Shares, and Franklin Templeton are on the table, with a 73% chance of XRP ETF approval by the end of 2025, according to prediction platform Polymarket.
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*Disclaimer: This article is for informational purposes only. Never invest based on speculative predictions. Always do your own research.
Sources:
- Standard Chartered XRP Prediction Business Insider
- XRP's Future Price Investopedia
- Ripple Price Prediction Digital Coin Price
- XRP Price Projections Coingecko
- Technical Analysis of XRP Coin Codex
- John Squire, a notable cryptocurrency influencer, suggested that XRP could reach $100, making it a favorite altcoin's market value surge to an astounding $10 trillion.
- Citing XRP's liquidity as its key advantage, Squire proposed that even modest capital inflows could cause a dramatic price increase due to the XRP's scarcity in circulation.
- In the year 2025, there is a 73% chance of XRP ETF approval, according to prediction platform Polymarket, potentially setting the stage for global adoption and a potential price spike.
- Standard Chartered, a respected UK-based financial institution, speculated XRP could reach $5.50 this year and $12.50 by 2028, but only if XRP ETFs are approved under the Trump administration.
