A bold prediction from crypto analyst 24HRSCRYPTO is causing a stir among XRP fans. According to him, a price of $100 per XRP is not overly optimistic, but simply necessary. The reason? Scarcity, XRP’s design for banks, and the need to move massive amounts of money efficiently.
Daily XRP burning eats away at supply
The amount of XRP tokens in circulation has been steadily declining for two years. Since the beginning of 2022, approximately 2.5 million XRP have been permanently destroyed. That sounds like little, but according to 24HRSCRYPTO this is only the beginning.
Every transaction on the network burns a small amount of XRP. The more people and institutions use XRP, the faster that supply shrinks. And that can have major consequences for the price in the long term.
More transactions? More scarcity
The analyst argues that XRP is built for billions in value transfer over the long term. Think of large banks that make international payments. If all that capital flows through the XRP network, the transaction pressure increases and therefore the number of tokens that disappear every day.
In other words, the more popular XRP becomes, the less of it remains. And with a shrinking supply and rising demand there is only one thing: a higher price.
XRP designed for banks, not hype
The analyst emphasizes that the design of XRP deliberately differs from other crypto coins. The entire stock has been mined in advance, something that is often discussed. Yet he does not see this as a weakness, but rather as a strategic advantage.
Banks like clarity. They want no inflation, no unpredictable rewards for miners, but a stable system with fixed rules. That is precisely why XRP was designed as it is: no hype, but a currency that fits the structure of the existing financial system. With predictability, speed and scalability as core values.
Why a low price doesn’t work
The core of his story? When XRP prices are low, huge amounts of tokens are needed to move large amounts of money. This causes liquidity problems and makes the system cumbersome and impractical.
A higher price makes transactions more efficient. It ensures that you can transfer much more value with fewer tokens. And according to the analyst, that is exactly why XRP should one day cost $100.
“It’s not hype,” he says. “A higher price is simply necessary to be able to work at scale.”
Source: https://newsbit.nl/analist-100-dollar-per-xrp-is-onvermijdelijk-dit-is-waarom/
