Predictions for XRP Price Impact Amid Buyback Proposal

To understand the potential impact on price, ChatGPT was asked to analyze hypothetical scenarios based on SBI allocating 5%, 10%, or 20% of its total assets to XRP purchases.

As of March 2024, SBI’s total assets were valued at 27.2 trillion Japanese yen ($175.1 billion). The analysis assumes that the circulating supply of XRP is approximately 57.45 billion tokens.

Scenario 1: 5% Allocation

  • Acquisition Value: $8.75 billion

  • XRP Purchased: Around 3.72 billion tokens (6.5% of circulating supply)

  • Predicted Price Impact: XRP Could Double, Reaching $4.50–$5.00, Depending on Market Liquidity and Sellers’ Resistance

Scenario 2: 10% Allocation

  • Acquisition Value: $17.5 billion

  • XRP Purchased: Around 7.45 billion tokens (~13% of circulating supply)

  • Predicted Price Impact: XRP could rise to $7.00–$8.00 due to increased demand and reduced supply

Scenario 3: 20% Allocation

  • Acquisition Value: $35 billion

  • XRP Purchased: Approximately 14.89 billion tokens (~26% of circulating supply)

  • Predicted Price Impact: XRP could reach double digits, rising to $10.00–$15.00, depending on market conditions and liquidity

Market Uncertainties and Realities

While these projections are exciting, it remains uncertain whether SBI will act on GAM’s recommendations. The success of GAM’s proposal depends on its ability to influence other shareholders and SBI’s decision-making.

Additionally, even if SBI allocates a significant portion of its assets to XRP, there is no guarantee that these price predictions will materialize. Market dynamics, liquidity constraints, and external economic factors could influence the outcome.#BtcNewHolder $XRP