XRP Price Could Surge to $1 if Global Crypto Market Hits $5 Trillion, Predicts Ripple CEO
Ripple CEO, Garlinghouse, has forecasted that the global crypto market cap could reach $5 trillion by the end of the year. He attributes this potential surge to macroeconomic trends and the influx of capital brought about by spot Bitcoin ETFs.
During this year’s Consensus event, Garlinghouse reiterated his confidence in this prediction, particularly in relation to the crypto ETF market. This positive outlook has sparked speculation on the impact it could have on various cryptocurrencies, including XRP.
Currently, XRP is trading at $0.5113 with a market cap of $28.3 billion, while the total crypto market cap stands at $2.5 trillion. If Garlinghouse’s prediction materializes, the market would double in value, presenting significant opportunities for XRP.
With the market cap projected to reach $5 trillion, there could be a 100% increase, potentially doubling the value of XRP. Assuming XRP’s market cap grows proportionally, it could rise to $56.6 billion. This increase in market cap would also drive the price of XRP to $1.022, aligning with the projections of market analysts.
If the global crypto market cap hits $5 trillion, XRP’s market cap could grow to $56.6 billion, leading to a potential price increase to around $1.022. This projection indicates a doubling of XRP’s current value, reflecting the overall market expansion.
Some analysts believe that XRP hitting $1 could just be the beginning of its upward trajectory. World of Charts recently predicted a potential price surge to $5, while CryptoBull identified a market structure that could push XRP to $154.
These ambitious targets could significantly boost XRP’s market cap and market dominance, which currently stands at 1.16%. If XRP reaches $5, its market cap could rise to $276 billion, with a market dominance of 5.3% if the crypto market cap remains at $5 trillion.
Disclaimer: This article is for informational purposes only and should not be construed as financial advice. The opinions expressed are solely those of the author and do not necessarily reflect The Crypto Basic’s views. Readers are advised to conduct thorough research before making any investment decisions. The Crypto Basic is not liable for any financial losses incurred.