đđ Could $XRP Ever Hit $1,200? Hereâs the One Reason It Might Not
đ Optimism Surrounding XRP's Growth
XRP surged to $2.89 following optimism after Donald Trumpâs election win. Some analysts predict XRP could reach $27, with bold forecasts even suggesting $1,200. Analyst Steph drew parallels to Bitcoinâs meteoric rise from $2 in 2011 to $1,200 in 2013, questioning why XRP couldnât replicate such growth.
đ XRP's Historical Growth
XRP has shown explosive growth in the past, rising from $0.005 to $3.31 during the 2017 bull run. However, comparisons to Bitcoinâs early days overlook key differences in supply dynamics.
â ïž XRP Supply: The Key Limiting Factor
Real estate investor Nathan Goldstein highlighted XRP's massive total supply of 100 billion tokens as a roadblock. For XRP to hit $1,200, its fully diluted market cap would need to reach $120 trillionâaround 85% of the global M2 money supply, currently valued at $104 trillion.
đĄ Comparing to Bitcoinâs Market Cap
When Bitcoin hit $1,200 in 2013, its market cap was just $14.4 billion, a tiny fraction of the global money supply. In contrast, XRP's current circulating supply of 57.25 billion tokens would require an unrealistic influx of capital to reach similar valuations.
đ Rippleâs Stablecoin: A Catalyst for Growth
Despite these limitations, Rippleâs upcoming stablecoin launch could provide a significant boost to XRPâs price, offering a more achievable growth pathway in the evolving crypto market.
