The crypto community is divided over the future of XRP. Some see the digital currency as a potential pillar of the global financial system and believe that a price rise to $ 10,000 is possible. However, others regard this as completely unrealistic. But what would actually be necessary to bring XRP to this dizzying height?
Why some believe that XRP can reach $ 10,000
According to analyst ‘Gen A’, the idea that XRP can explode in value is not merely speculation, he states on X. De Munt is designed to make cross -border payments faster and cheaper than traditional financial systems. Ripple, the company behind XRP, has built up countless collaborations with banks and governments in more than ten years. According to the expert, the adoption by institutions is an important motivation for a possible price explosion.
A possible catalyst is the integration of XRP by a giant like Swift, which processes $ 5 trillion on transactions every day. If Swift XRP embraced, this could increase the demand for the coin and push the course up. In addition, the rise of the tokenization of real assets (RWAS) on the XRP Ledger (XRPL) can contribute to the value creation.
What does the course of XRP stop?
Part of the XRP community is of the opinion that the XRP course is artificially suppressed. The ongoing lawsuit between Ripple and the American Securities and Exchange Commission (SEC) causes uncertainty at institutional investors. Although Ripple has taken important steps in the case, there is currently an appeal, which again causes doubt among investors. A positive outcome of the profession could give investors more certainty and possibly mean a course impulse for XRP.
Realistic challenges: the enormous market capitalization
Despite the optimistic scenarios, the reality is complex. To achieve the astronomical value of $ 10,000 per XRP, the total market capitalization of the currency should rise to around $ 570 trillion. This is an unprecedented, and probably impossible amount. For comparison: the total value of the global stock market was around $ 111 trillion at the end of 2023, and Bitcoin’s (BTC) Current market capitalization is around $ 2 trillion.
With these figures in mind, it seems unlikely that XRP will ever reach $ 10,000 without a complete restructuring of the global financial system.
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Source: https://newsbit.nl/kan-xrp-ooit-10-000-worden-de-meningen-zijn-verdeeld/
