🔥 WallStreetBets founder Jaime Rogozinski has used the recent XRP surge to speculate on its potential if the broader crypto market cap hits $5 trillion. 🔥
XRP remains one of the top gainers in the latest bull rally, soaring by over 400% within a month. Specifically, XRP’s price surged to a seven-year high of $2.86 on December 3, a five-fold increase from its November low of around $0.49. At the time, it reclaimed the third position in the global crypto ranking.
Even though XRP has slumped heavily below its seven-year peak, Rogozinski still believes it could surge tremendously if the broader crypto market clinches a $5 trillion valuation in 2025.
XRP Price if Global Crypto Market Cap Reaches $5T 🚀🚀🚀🥂
At the time of writing, the global crypto market is valued at $3.33 trillion. XRP currently accounts for 3.6% of this valuation, with its market cap currently standing at $119.05 billion. According to Rogozinski’s projection, the global crypto market cap must surge by 50.15% to clinch the $5 trillion target.
If this happens, Rogozinski predicted that the price of XRP will soar to $8, representing a surge of 263.63% from the current value of $2.2.
This dramatic surge will represent a significant return on investment for holders. For instance, investors who spend $27,500 today to acquire 12,500 XRP would see their investment rise to $100,000 if the coin’s price hits the $8 target.
XRP to $8 Predictions
Meanwhile, several market experts have forecasted XRP’s potential rally to $8 if the global crypto market cap rises to $5 trillion. This estimation gained momentum earlier the year after Ripple CEO Brad Garlinghouse projected that the value of the crypto market could increase to $5 trillion by the end of this year.
Last month, prominent crypto analyst EGRAG predicted that XRP could surge to $8.77 if Garlinghouse’s prediction materializes. Earlier this month, EGRAG noted that XRP is capable of soaring to $8.1 as long as the coin maintains bullish momentum.
However, he emphasized that Bitcoin’s performance, particularly its potential surge to around $130,000, is a crucial catalyst for XRP’s possible rally to the $8.1 target.
Investors Optimistic About XRP Potential Under Trump Administration
In the meantime, investors are optimistic about XRP’s potential under the next administration, led by Donald Trump. His unending support for the crypto industry has birthed speculations that the SEC v. Ripple lawsuit, which has negatively impacted XRP’s performance over the past few years, could soon be resolved.
Amid this speculation, some market observers also forecasted that the U.S. SEC might approve one or multiple XRP ETF S-1 filings next year, potentially driving the coin’s price to unprecedented levels.
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