- An e-commerce expert believes a “realistic” target for XRP price in the current bull cycle is around $5 to $8 per token.
- This is assuming that the market cap of crypto would rally $5 trillion to $6 trillion, and the token would capture around 7% to 10% share in the market.
William “Will” P., e-commerce expert and President of Diamante Trading Co., recently shared what he believes is a “realistic” target for XRP before year end. This is to temper everyone’s expectations amid wild predictions that the third-largest cryptocurrency asset could reach $50, $100, $1,000, or even $10,000 per token.
The Prospect of XRP Price Tapping $5-$8
According to him, one must keep in mind the total crypto market cap and Bitcoin (BTC) dominance before considering the potential tops of XRP. As of Wednesday noon (UTC), the overall valuation of the entire crypto market is $4.11 trillion based on CoinMarketCap data. Bitcoin holds over 58% share of that market.
XRP has an over $195 billion market cap as its price per token went between a $3.14 low and a $3.30 high in the last 24 hours. It holds a 4.8% share in the market cap for crypto.
For XRP to flip Bitcoin’s total market value based on its circulating supply, it must surpass $2.39 trillion. XRP must attain around $40.50 per token in its 59.3 billion supply to get there. That’s still a far cry from where it is now.
With Bitcoin’s unprecedented adoption, and without ignoring supply and demand dynamics, Will said XRP will have a hard time getting there. The difficulty is tuned up when putting into the equation the competition from Ethereum (ETH), other altcoins, stablecoins, meme coins, and other crypto assets, not even counting the traditional forms of investments like stocks and other securities in the picture.
Will suggests a “realistic” bet would be $5 to $8 per unit of XRP before the year ends. Assuming that XRP will skyrocket to those numbers and its supply will be approximately 62 billion by December (due to its monthly escrow unlocks), the token’s market cap would be roughly $310 billion to $496 billion.
For comparison, Ethereum’s present market cap is $568 billion. This means Will’s projection still respects the current market dynamics without posturing that XRP will flip ETH along the way.
Key Considerations To Bear in Mind
Will threw in several conditions that must be fulfilled for XRP to tap those targets. It mainly presumes that the crypto market cap would rally between $5 trillion and $6 trillion in a sustained bull cycle before 2025 closes. From there, the asset must capture 7% to 10% share in the crypto market.
Furthermore, the e-commerce expert thinks the targets may not be far from reality with regulatory clarity post-Securities and Exchange Commission (SEC) settlement with Ripple, US spot XRP exchange-traded fund (ETF) approvals, Ripple’s increasing banking partnerships, institutional inflows from other XRP-based exchange-traded products (ETP) across the world, Ripple USD’s (RLUSD) growing utility, and XRP Ledger’s (XRPL) broader adoption in cross-border payments.
Despite his reassuring projections, Will warned that volatility persists amid macro risks in and out of the crypto market. Hence, traders and investors must not consider his statements as definitive financial advice and must not base their investment strategies solely on the insights provided here.
Likewise, the author and the Blockzeit team highlight that readers should not interpret the information here as a recommendation to buy any product or financial advice.
What’s your Reaction?
+1
0
+1
0
+1
1
+1
0
+1
0
+1
0
+1
0
