Can XRP hit $100, $300, or $500 with a circulating supply of 57 billion tokens? XRP is at the center of ambitious price targets, but market participants are skeptical that it can achieve some of these levels, pointing to current supply data. The cryptocurrency market often offers investors opportunities to turn modest investments into multi-million dollar fortunes overnight.
At one point, XRP helped achieve a similar investment growth when it rose from a low of $0.003 in January 2017 to a peak of $3.31 in January 2018. This surge saw a 109,899% increase in a single year. To put this into perspective, investors who invested $1,000 in XRP at $0.003 essentially received 333,333 XRP tokens. When the price reached $3.31, these tokens had risen to a value of $1.1 million in a year. XRP’s historical performance is bullish Given its historical performance, many new investors entering the XRP market may expect similar performance, especially given the aggressive price targets that are prevalent. Some long-time holders may also be looking to rekindle the previous rally. This optimism has been based on XRP’s aggressive price target predictions.
Market watcher Armando Pantoja argued last month that $100 for XRP is possible. Other forecasts have set targets of $300 to $500. However, many have dismissed these, citing supply concerns. For context, XRP currently has a circulating supply of 57.1 billion tokens, with an inflation rate of about 200 million tokens each month.
With this circulating supply, XRP now boasts a market cap of $140 billion as it trades at $2.45, making it the third largest digital asset in the market.
XRP Market Cap at Varying Price Targets
A rally back to its all-time high of $3.31 would push XRP to a market cap of $189 billion. Furthermore, if it can hit the more achievable target of $6, it would be worth $342.6 billion, while a higher price of $11 would take it to a market cap of $628 billion, surpassing Ethereum’s current valuation but still within reasonable levels. However, the XRP market would require a significant increase in capital inflows to reach $100, let alone $300 or $500. For context, a price of $100 per XRP would translate to a market cap of $5.7 trillion, far exceeding the current global cryptocurrency market cap of $3.63 trillion. Furthermore, for XRP to achieve a value of $300 with its current circulating supply of 57.1 billion, its market would need to attract a total market cap of $17.13 trillion, rivaling gold’s market cap, which currently stands at $17.9 trillion. It’s worth noting that gold is the single largest asset by market cap globally. Meanwhile, the $500 price target would be the biggest hurdle. XRP would need to achieve a market cap of $28.5 trillion to reach $500 with its current supply. That would be the largest market cap for a single asset in recent history.Can XRP reach $100, $300 and $500?
These assessments confirm that with current market conditions, XRP may not be able to achieve the $100, $300, and $500 price targets unless there is a drastic change in market dynamics. However, lower targets such as $6 and $11 are easily achievable. Despite this challenge, analysts believe that
Changelly believes that XRP could reach these ambitious goals within a few decades. Although they expect XRP to drop below $1 next year, they anticipate significant growth thereafter. These analysts see XRP hitting $100, $300 in 2040, and eventually $500 by 2050, 26 years from now.