The controversial comments made by Shmoo, a prominent crypto community member, on the future of XRP, caused some to scratch their heads. His prediction that XRP may hit $10,000 was not an idle threat; he made it clear in a tweet.”XRP to $10,000 is not a meme,” he stated in his post. If XRP’s market cap were to reach $576 trillion on its own, it would raise questions about the amount of wealth in the world, particularly in gold and Bitcoin, which are significantly larger than XRP.
Other Market Pundits Calling for $10,000 XRP
Based on Ripple’s increasing importance in central bank digital currencies (CBDCs), market analyst Levi Rietveld proposed a $10,000 XRP target last August. Rietveld brought attention to Ripple’s global efforts, which could increase the adoption and price of XRP, based on comments from James Wallis of Ripple. Specifically, this comment implies that Shmoo thinks XRP can reach $10,000 per token. The goal is lofty and hypothetical, but his language suggests he takes it seriously rather than dismissing it as a silly or meme-driven assumption.
On the other hand, Shmoo failed to provide a timeframe. Earlier, Christian prophet Brandon Biggs announced that XRP would eventually hit $10,000, claiming that “God” revealed this to him. Expert Says XRP, In a video, Biggs explained how he prayed for direction on major investments, and God led him to XRP, drawing parallels to the early days of tech giants like Apple.
Experts Predict XRP’s Potential to Reach $10K
In a 2024 podcast, the “inevitability” of XRP reaching $10,000. Aljarrah stated that central banks and organizations such as the IMF would “set” the price of XRP higher to guarantee its usage in major transactions. when he thinks the $10,000 price threshold for XRP could become a reality. Curiously, prominent figures in the crypto community had advocated for a $10,000 token price for XRP before Shmoo.
This argument elaborates on XRP’s competitive advantages and the cryptocurrency market’s potential for international growth. Expert Says XRP, In addition, he likened the potential for XRP’s growth to that of Bitcoin’s. With XRP’s practical applications in asset tokenization and cross-border payments, the $10,000 goal is “realistic and achievable.
What $10,000 per XRP Means
Although these predictions sound appealing, these overly optimistic market analysts frequently fail to consider the impact on market capitalization. The current market capitalization of XRP is $177 billion, and its price is $3.10. A price increase of 322,481% from its present value would be required. The third-largest cryptocurrency asset to reach $10,000 per token.
Additionally, XRP’s market cap would reach the hypothetical goal of $576.4 trillion if this unprecedented price spike were to occur. Worldwide wealth is projected to be $454 trillion to give you an idea of scale. If XRP’s market cap were to reach $576 trillion on its own. It would raise questions about the amount of wealth in the world, particularly in gold and Bitcoin. Which are significantly larger than XRP.