#If XRP's market capitalization increases by $1 trillion, the price could reach $18.95. #Ripple 🧵🧵🧵 How much would XRP's price rise if its market capitalization increased by up to $1 trillion? XRP has been the focus of discussion and speculation for the past few days, especially after the launch of its first pure spot ETF—the Canary Capital XRP ETF (XRPC). The product saw $58 million in trading volume and a net inflow of $245 million on its first day. Despite the ETF's strong performance, XRP's price has fallen sharply due to a general market correction. This correction has pushed Bitcoin (BTC) below the key support level of $100,000. Since the downtrend began on November 11, XRP's market capitalization has shrunk by $14.63 billion, currently standing at $137.12 billion. It's worth noting that an overall market recovery could boost XRP's prospects and potentially push its market capitalization to all-time highs. For reference, XRP's all-time high market capitalization is currently $216.69 billion, reached on July 18th when the price peaked at $3.66. Currently, XRP is valued at $137.12 billion, a drop of $79.57 billion from that peak. Meanwhile, amid market expectations of a potential XRP recovery, we recently assessed what its price could reach if XRP not only recovers its current market capitalization losses but also gains $1 trillion in market capitalization. For reference, Bitcoin is the only cryptocurrency to have surpassed a $1 trillion market capitalization. It first reached this level in February 2021 and surged to $1.3 trillion at the peak of the 2021 bull market. However, with the onset of the bear market, Bitcoin's market capitalization fell below $1 trillion, dropping to $297 billion in November 2022. Today, Bitcoin has returned to the $1 trillion mark, currently boasting a market capitalization of $1.92 trillion. If Ripple's (XRP) market capitalization increases by $1 trillion, its new market cap will reach $1.137 trillion, still significantly lower than Bitcoin's. Currently, Ripple's circulating supply is 60 billion. If the valuation reaches $1.137 trillion, XRP's price will hit an all-time high of $18.95 and head towards the $19 area. Interestingly, the $19 target price has been a recurring topic in the XRP community. For example, in August of this year, market analyst Dr. Cat predicted that if the XRP/BTC ratio returns to the 0.00007 to 0.00012 range and Bitcoin's price reaches $270,000, then XRP's price could reach $19 to $32. Meanwhile, analysts at the crypto resource website Changelly remain confident that XRP can reach the $19 price level. However, they predict that this altcoin won't reach that price until 2030. Specifically, Changelly analysts believe XRP could reach a high of $19.62 by March 2030. It's worth noting that if XRP's market capitalization reaches $1.137 trillion, it will become the 14th largest asset in the world, surpassing Berkshire Hathaway's current market capitalization of $1.098 trillion. Furthermore, at this market capitalization, XRP would exceed the market capitalization of JPMorgan Chase ($826 billion) and Walmart ($817 billion).
Risk and Disclaimer:The content shared by the author represents only their personal views and does not reflect the position of CoinWorldNet (币界网). CoinWorldNet does not guarantee the truthfulness, accuracy, or originality of the content. This article does not constitute an offer, solicitation, invitation, recommendation, or advice to buy or sell any investment products or make any investment decisions
No Comments
edit
comment
collection
like
share