Ripple’s cross-border token XRP has been one of the cryptocurrency market’s best performers on a monthly basis. But can it reach $1 trillion in market cap? 🤔
XRP’s price rose rapidly after the 2024 US elections, but has fallen below $2 in recent corrections. It currently has a market cap of around $2.5 billion and $140 billion. $1 trillion requires $17.5 per token.
ChatGPT and Perplexity emphasize the importance of market sentiment and adoption levels. Partnerships with banks and increased usage could drive demand. However, there are also challenges such as competition and regulatory environment. 📈