Expert Predict XRP to $12 as Ripple Targets Stablecoin Market

Rob Cunningham, the host of KUWL.show, has argued that Ripple’s venture into the stablecoin market, which is expected to reach $2.8 trillion, could make XRP a $12 asset.

Yesterday, crypto payment firm Ripple disclosed its intention to launch a USD-based stablecoin on the XRP Ledger (XRPL). Ripple emphasized that the stablecoin market is worth over $150 billion as of present. However, it cited projections that the market could expand to $2.8 trillion by 2028.

The $2.8 trillion projection has captured Ripple’s attention, prompting the firm to declare its intent to enter the market and launch its USD stablecoin on the XRPL later this year.

Ripple’s declaration sparked bullish commentaries from the crypto community, especially as the proposed stablecoin is coming to XRPL. Pundits examine the potential value of XRP with such pivotal utility coming to its native blockchain.

Among the leading commentators was Cunningham, founder of KWUL Research. Cunningham fixated his XRP price forecast on the cited $2.8 trillion by 2028.

The industry pundit estimated that the current stablecoin market may expand nearly 20-fold to hit the project $2.8 trillion in four years. On this basis, he speculated that XRP may grow by the same margin in four years.

Crypto Author Disagrees:-

Meanwhile, Panos Mekras, the author of “Understanding the Crypto Economy,” challenged Cunningham’s projection of $12 based on the anticipated market size of stablecoins by 2028. He argued that Cunningham’s approach to deriving this price is flawed.

In particular, Mekras pointed out that the projected $2.8 trillion market size encompasses all stablecoins, not just Ripple’s.

Additionally, Mekras stressed that whatever amount of Ripple issues in stablecoins has no direct correlation with XRP itself. He emphasized that the funds associated with Ripple’s stablecoin initiative do not necessarily flow into XRP.

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