Data suggests XRP would need to command a market cap of up to $2.7 trillion to see its price skyrocket to the $50 territory.
XRP has not performed as admirably as most market participants expected following the July 2023 ruling that gave it full legal clarity as a non-security. The token pumped on the back of the ruling but eventually corrected the gains it picked up.
During the pre-bull run uptrend of Q4 2023, XRP failed to completely leverage the market surge, securing a meager gain of 19% from October to December 2023, while Bitcoin (BTC) rallied by as much as 57%. In addition, Ethereum (ETH) recorded a 36% upsurge.
Despite XRP’s underperformance, some market analysts have continued to project lofty price targets such as $50. Last December, analyst EGRAG forecasted that XRP could hit $10 or $50 depending on its trajectory. In November, crypto educator Jason claimed XRP clinching $50 is not a fantasy but a fact.
While most community members have dismissed the $50 projection as wishful thinking, others remain convinced that XRP has the potential to hit such a target. Media personality Zach Rector asserted last September that XRP could only hit ambitious targets such as $50 if there is a currency reset.
XRP Would Need a $2.7T Market Cap to Hit $50
However, in a recent disclosure, CryptoBanker, a pseudonymous crypto YouTuber and member of the Stronghold Token (SHX) community, shared insights into what XRP’s market cap would be should the token hit the $50 price target or a $500 value.
True, but if you do the math the ROI is clear:
✅ For $XRP to 100X you´re looking at $2.7 Trillion Market Cap
✅ For $SHX to 100X it needs $2BN Market Cap
✅ For $XRP to 1,000X you´re looking at $27 Trillion MC
✅ For $SHX to 1,000X it´s $20BN MC
Given @Ripple are Strategic…
— CryptoBanker $SH𝕏 (@CryptoBankerSHX) February 5, 2024
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CryptoBanker’s remarks aimed to assess SHX’s price if the asset could capture even 1% of XRP’s market cap. The media personality stressed that XRP would need to surge by around 100x or 10,000% from its current value to reach a $50 price.
Notably, such a price jump would dramatically affect XRP’s market capitalization, which currently sits at $29.5 billion, per data from CoinMarketCap. XRP’s current market cap is 75% down from its peak market valuation of $120.5 billion in January 2018.
At the $120 billion market cap, XRP’s price hovered around the $3 territory. If the price of XRP ever surged to $50, its market cap would push to $2.72 trillion, supposing the asset’s circulating supply remains fairly stable at the 54.5 billion tokens mark.
It bears mentioning that CryptoBanker’s insights focused on SHX’s ability to capture 1% of this $2.72 trillion market cap to command a valuation of $27 billion. He cites the strong connection between the XRP Ledger and the Stronghold project as a factor that could drive this push.
Disclaimer: This content is informational and should not be considered financial advice. The views expressed in this article may include the author's personal opinions and do not reflect The Crypto Basic’s opinion. Readers are encouraged to do thorough research before making any investment decisions. The Crypto Basic is not responsible for any financial losses.
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FAQs
While it's theoretically possible for XRP to reach this price, it would require substantial market shifts or a major supply reduction.
Will XRP reach $100 dollars? ›
Crypto analyst JackTheRippler has raised the possibility of the XRP price rising to $100 soon enough. As part of his prediction, he mentioned what needs to happen for the crypto token to attain such ambitious heights.
Will XRP ever reach $20? ›
Armando Pantoja, a prominent crypto figure, has expressed optimism about XRP's future. He believes the asset's true value lies between $8 and $20 and predicts it will reach this range by 2026. The $20 target represents a staggering 3,557.6% increase from its current price.
How high can XRP go if it replaces Swift? ›
In a recent proposal by Edward Farina, the Head of Social Adoption at #XRPUpdate Healthcare, a hypothetical scenario was presented whereby the price of XRP has the potential to see a significant increase, reaching a value of $10,000.
Can XRP hit $1000 usd? ›
It is possible for XRP to reach $1,000 USD, but it is highly unlikely in the near future.
How high can XRP realistically go? ›
November 2024: XRP Price Forecast
Crypto analysts expect that at the end of summer 2024, the XRP price will be around $0.598. In November 2024, the XRP cost may drop to a minimum of $0.575. The expected peak value might be $0.620 in November 2024.
What is a realistic price for XRP in 2030? ›
Trading Education, which is bullish on XRP's long-term future growth, likens the platform to a Visa competitor by the end of the decade. The site predicts that XRP could reach a high of $31.81 by the end of 2030.
Which crypto will explode in 2024? ›
In 2024, according to our research, the best crypto coins are ButtChain, Toncoin, Arweave and Kaspa. These coins stand out with their unique features and distinct approach to innovation.
Is XRP really going to explode? ›
XRP's gains should come, but maybe not right away
I'm not saying that Ripple is poised to pop in January, or that the token most certainly will rise later in 2024. However, it does seem poised for long-term success.
Is XRP designed to be $10 000? ›
Actual $10,000 Predictions
One crypto analyst has forecasted that the XRP price will actually reach $10,000. Lord XRP, as the pseudonymous analyst is known on X (formerly Twitter), believes that the digital asset can claim this level as it grabs a bigger share of the payments sector through blockchain technology.
Prominent American cryptocurrency exchange Uphold has officially confirmed that the U.S. Federal Reserve's instant payment system, FedNow, facilitates instant XRP transactions to select U.S. bank accounts. This confirmation follows recent reports indicating FedNow's involvement in processing XRP deposit transactions.
Will XRP win a lawsuit? ›
The SEC accused Ripple of selling XRP in an unregistered security offering. The outcome of the U.S. regulator's court case against Ripple might still have far-reaching consequences for the cryptocurrency industry. Both the SEC and Ripple emerged somewhat victorious in this court case.
How much will 1 XRP be worth in 2030? ›
Ripple (XRP) Price Prediction Table
| Year | Average Price* | Percent Increase |
|---|
| 2029 | $5.45 | 42.30% |
| 2030 | $8.15 | 49.54% |
| 2031 | $11.73 | 43.93% |
| 2032 | $17.38 | 48.17% |
7 more rowsThe all-time high of XRP is $3.84.
Why will XRP reach $10,000? ›
While it's not impossible for Ripple (XRP) to reach $10,000 by 2027, it would require significant growth and widespread adoption. However, it's crucial to conduct thorough research and consider the inherent risks before making any investment decisions.
Will XRP ever hit $500? ›
The $500 mark for XRP remains almost unattainable, given the astronomical market cap it necessitates. However, factors like Ripple's IPO success and a decisive legal victory against the SEC could significantly impact its trajectory in the long term.
