XRP Price Could Reach $1 with $5 Trillion Crypto Market Cap, Ripple CEO Predicts
According to Ripple CEO Garlinghouse, if the global cryptocurrency market cap hits $5 trillion, the price of XRP could potentially breach the $1 mark. In April, Garlinghouse made a bold prediction that the crypto market cap could skyrocket to $5 trillion by the end of the year. He pointed to macroeconomic trends and the influx of capital triggered by spot Bitcoin ETFs as factors that could drive this exponential growth.
Recently, during his speech at Consensus, Garlinghouse reiterated his positive outlook on this projection, particularly in relation to the crypto ETF market. This optimistic stance has led to speculation about how various cryptocurrencies, including XRP, could be impacted.
Currently, XRP is trading at $0.5113 with a market cap of $28.3 billion, while the total crypto market cap is at $2.5 trillion. If Garlinghouse’s prediction materializes, the crypto market would double in value, presenting significant opportunities for XRP.
Assuming a direct proportionate increase, if the global crypto market cap reaches $5 trillion, XRP’s market cap could see a surge to $56.6 billion, and its price could rise to $1.022. This projection suggests a potential doubling of XRP’s current value, aligning with the broader market expansion.
Some analysts believe that hitting $1 would only be the beginning of XRP’s upward trajectory. Predictions from World of Charts and CryptoBull suggest that XRP could potentially reach $5 and $154 respectively, significantly boosting its market cap and dominance.
It is important to note that the information provided in this article is for informational purposes only and should not be considered financial advice. Readers are advised to conduct their own research before making any investment decisions. The Crypto Basic does not take responsibility for any financial losses incurred.
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