Heres Why XRP To $20, $50, and $100 Might Be Unrealistic Targets
XRP has continued to trade below its all-time high for seven years, yet proponents persist in nursing ambitious outlooks for double- to triple-digit values.While investors have been intrigued by the idea of XRP reaching price targets of $20, $50, or even $100, a closer look at the market cap required for such milestones reveals why these figures may be unrealisticat least in the near future.XRP Market Cap and Price ContextXRP has a total supply of 99.98 billion tokens with a current price of around $1.89, which puts its market cap at approximately $189 billion. To put things into perspective, lets analyze the market cap requirements for XRP to reach various price points.At $5 per XRP, this would require a market cap of $500 billion, which some believe is achievable for XRP this year.Meanwhile, at $10 per XRP, the asset would attain a $1 trillion market cap. While this is an ambitious target, many industry commentators believe it is not entirely out of reach. Some even believe it is attainable this year.For context, Bitcoin is the only crypto with a trillion-dollar valuation. With XRP's peak value at $3.84, its biggest valuation has been $384 billion, a level it has been unable to reclaim since 2018. The journey to the trillion-dollar mark could be even more formidable. Meanwhile, XRP enthusiasts even nurse ambitions far beyond the $10 target.XRP Could Be More Valuable Than Most Tech Giants Like Amazon and Google?Notably, to achieve a $20 XRP price, a market cap of $2 trillion would be necessary. For comparison, this market cap would surpass all tech giants except Apple, Microsoft, and Nvidia.However, achieving a price of $50 or $100 would push XRP's market cap into the $5 trillion to $10 trillion range, far beyond Bitcoin.In this hypothetical scenario, the only asset that would surpass XRP is gold, especially if other crypto assets fail to see comparable price growth that drove XRP to that multi-trillion-dollar level.
Text source: The Crypto Basic
