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The cryptocurrency market is on the verge of a major bull run. Unsurprisingly, investors are searching for high-potential tokens that can turn them into millionaires during this bull cycle. 

However, could XRP be that token, despite its large market capitalization?

A 2023 study from Valhil Capital on XRP’s fair market value is doing the rounds on social media. According to this study, the XRP price – without the SEC’s lawsuit against Ripple – could have been anywhere between $9.81 to $513k. 

With the lawsuit between Ripple and the SEC in its final stages, this study is back in the spotlight, with investors wondering if they can turn their small-scale investments into millions with XRP. 

Is The XRP Price Headed To $513k?

The Valhil Capital study claimed that the SEC’s lawsuit against Rippe has “harmed retail investors”, owing to the significant decline in its value since. 

Valhil’s Valuation Committee built six different models to compute the Fair Market Value of XRP. As previously mentioned, the models came up with wide-ranging XRP price projections, ranging from $9.81 to $513k. 

16. To our knowledge, no other analysis of this scope has been done in the digital assets space.

A diverse team (w/a variety of professional backgrounds) came together as volunteers to build a series of quantitive models to understand the value drivers for a digital currency. pic.twitter.com/XuDlNwPd2i

— Molly Elmore (@mollyelmore22) June 7, 2023

Excluding the two outliers, the maximum projected price for XRP came out at $21.9k. If true, this would mean over 36600x returns from its current price of $0.60. This would require investors to hold just $27 in XRP to reap over $1 million in profits. 

However, simple mathematics proves that the figures projected by Valhil’s study are simply impossible. 

XRP’s current market capitalization stands at $35 billion while it is currently trading at just above $0.60. Even a price of $1000 would put the token’s market valuation at $58 trillion. Without global hyperinflation, such as high market cap is simply out of XRP’s reach. 

In reality, XRP has been one of the underperformers of this bull cycle, despite Ripple scoring several key victories over the SEC. Even after Judge Torres ruled that XRP is not a security, its price failed to reach $1 and hit a local top at $0.85. 

Donald Trump’s pro-crypto stance has brought much-needed respite for the altcoin. In his Bitcoin Conference speech, Trump recently promised to fire Gary Gensler from his role as the SEC Chairman. 

Consequently, a Trump presidency could reduce the likelihood of the Commission appealing Judge Torres’s ruling, giving a major boost to XRP. 

However, it remains unclear whether the token will even reach its all-time high of $3.80, considering that cryptocurrencies – including low-cap gems – are showing much higher strength and are stealing the attention away from XRP. 

How To Become A Crypto Millionaire In The Next Bull Run?

Large-cap cryptocurrencies such as Bitcoin and XRP can only offer limited returns, especially in the short term. 

On the contrary, several small-scale investors earned millions in profits during this year’s first-quarter bull run, simply by investing in low-cap gems early. Experts believe that this phenomenon could repeat in the coming weeks, especially during the broader crypto market bull run.

Unsurprisingly, low-cap tokens and presale cryptocurrencies are surging in demand. For instance, a new meme coin Pepe Unchained (PEPU) has raised over $6.3 million in its ongoing presale. 

Pepe and other frog-themed meme coins show a high correlation with Ethereum and are therefore expected to deliver high returns in the coming months. 

However, Pepe Unchained has managed to separate itself from the crowd, thanks to its native Layer-2 blockchain. This chain will offer low trading costs and high staking rewards to PEPU holders, which could attract high retail investment into it. 

Some popular crypto traders even believe that Pepe Unchained could offer 50x to 100x returns after its launch. 

Visit Pepe Unchained Presale

*Cryptonomist did not write the article or test the platform.

The potential for XRP to reach a price of $1,000 has been a persistent topic of discussion within the cryptocurrency community. This speculation is often fueled by the belief that XRP is undervalued and has the potential for significant growth due to its utility in cross-border payments.
A recent comment from Amelie (@_Crypto_Barbie, a prominent figure in the XRP community, reignited this conversation. Amelie emphasizes the theory of XRP being largely undervalued, highlighting the vast potential for XRP to process large volumes of cross-border transactions.
To support her argument, she cites comments made by JPMorgan CEO Jamie Dimon regarding the bank’s daily transaction volume.
JPMorgan, a leading financial institution with a global reach, processes a staggering $10 trillion daily in cross-border settlements. This immense volume shows the need for efficient and cost-effective solutions in the international payments landscape.
Proponents of XRP believe that the XRPL, with its inherent advantages in speed and cost compared to traditional systems, could capture a significant portion of this market share.
XRP’s Immense Potential
Increased adoption of the XRPL would directly translate to greater utility for XRP. XRP is arguably the best option for cross-border payments and is significantly faster and cheaper than current alternatives.
Michael Arrington, founder of Arrington Capital, recently revealed that his company performed a $50 million transfer with XRP. Interestingly, this transaction cost $0.3 and took 3 seconds, showing the unrivaled power of XRP.
Interestingly, JPMorgan has also acknowledged the potential of Ripple, the company behind XRP, to unlock a substantial amount of trapped liquidity in cross-border payments, estimated at roughly $120 billion. If XRP were to become widely adopted for such transactions, it could conceivably command a much larger daily trading volume.
Building on this notion, Mason Versluis, a prominent figure within the XRP community, presented a hypothetical scenario outlining XRP’s potential price based on various daily cross-border payment volumes. Versluis’ analysis suggests that XRP could theoretically reach $1,000 if it processes $20 trillion in daily settlements with a specific liquidity pool supply.
It is crucial to recognize that such projections are speculative and contingent on a multitude of factors. Achieving widespread adoption within the established financial system is a complex undertaking. However, as the global financial system expands and countries and people seek cheaper and faster alternatives for cross-border payments, the XRPL and XRP stand to benefit greatly.
⚠️Disclaimer
This content aims to enrich readers with information. Always conduct independent research and use discretionary funds before investing. All buying, selling, and crypto asset investment activities are the responsibility of the reader.
#XRP #Ripple

Legal issues with the SEC have caused problems for XRP in recent years, making investors unsure and affecting its performance. Yet, some investors still believe in XRP’s potential.
Supporters argue that XRP is undervalued, and some analysts, like prominent figure KingXRP (@MRKingXRP), have set ambitious price targets based on anticipated future surges. Here are some key factors outlined by KingXRP that could contribute to XRP reaching these targets.
Legal Battle Impacting XRP Price
A significant factor affecting XRP’s price is the ongoing legal dispute between Ripple, the company behind XRP, and the SEC. The lawsuit was initiated when the SEC alleged that XRP was an unregistered security. However, in July 2023, the judge ruled against this claim, stating that XRP itself was not a security, and sales to non-institutional investors did not constitute securities offerings.
The lawsuit has progressed to the remedies phase, where both Ripple and the SEC are presenting arguments regarding the appropriate penalty for Ripple if the court favors the SEC. While a prominent legal expert has predicted a potential $100 million penalty for Ripple, there are speculations among industry observers about the possibility of a settlement. Such a significant development could lead to a notable increase in XRP’s price.
Analyst KingXRP has suggested that an announcement of a settlement could drive XRP’s price up to $18.57, representing a substantial surge from its current level. This indicates that market sentiment regarding the legal outcome and the potential for resolution through a settlement could heavily impact XRP’s price trajectory.
Ripple’s Potential for Growth and XRP Price
In its infancy, XRP garnered attention as a potential solution for improving cross-border payments efficiency within the banking sector. Ripple’s strategic partnerships with financial institutions further strengthened this perception. However, the SEC’s lawsuit against Ripple created uncertainties, prompting many banks to distance themselves from XRP due to fears of regulatory repercussions.
Despite these challenges, Ripple’s partnerships with international banks continue to grow. With the prospect of the SEC lawsuit being resolved, Ripple could potentially enhance its presence within the U.S. market. Such developments could significantly boost XRP’s price.
Analyst KingXRP envisions a scenario where Ripple’s expanding partnerships and regulatory clarity could drive XRP’s price to $257.21. This suggests that overcoming regulatory hurdles and expanding partnerships could be pivotal factors in propelling XRP’s value upwards.
Ripple’s Potential Price Catalysts
Speculation Surrounding Ripple IPO: The possibility of a Ripple Initial Public Offering (IPO) has been a consistent topic of discussion within the XRP community, with many foreseeing it as inevitable in the long term. Analyst KingXRP predicts that an IPO announcement could trigger a substantial price increase, potentially driving XRP’s value to $3,748.34.
CBDC Integration and Price Projections: XRP’s potential as a bridge currency for facilitating transactions between various Central Bank Digital Currencies (CBDCs) has garnered attention from central banks worldwide. Some experts even project XRP’s value to reach $10,000 as a CBDC. According to KingXRP, successful integration as a CBDC could lead to an extraordinary surge in price, reaching an astonishing $59,873.18. These projections highlight the significant impact that Ripple’s potential IPO and integration as a CBDC could have on XRP’s price trajectory.
⚠️Disclaimer
This content aims to enrich readers with information. Always conduct independent research and use discretionary funds before investing. All buying, selling, and crypto asset investment activities are the responsibility of the reader.
#XRP #Ripple

XRP’s price is always a cause for speculation in the community. However, a recent analysis by a community figure has taken the discussion to a new level. Mason Versluis (@MasonVersluis) shared the XRP liquidity cheat sheet, showing XRP’s price depending on the cross-border payment volume it would need to handle daily.
XRP’s Role in Streamlining Cross-Border Transactions
XRP’s core function lies in facilitating international payments. Ripple’s On-demand Liquidity (ODL) product leverages XRP outside the U.S. to offer faster and more cost-effective settlements compared to traditional methods. This functionality has garnered significant attention from financial institutions.
For instance, Grayscale highlighted XRP as a viable alternative to SWIFT, the dominant system for cross-border payments, in a November 2023 report. Similarly, a December 2023 report by JPMorgan recognized XRP’s potential to unlock a substantial portion of the estimated $120 billion trapped in inefficiencies within the cross-border payment system.
Notably, even the Chair of the US Securities and Exchange Commission (SEC), Gary Gensler, has previously expressed his view that XRP offers advantages over traditional fiat currencies for international transactions, and major institutions like the IMF, the World Bank, and more have recognized XRP’s potential in various reports.
Potential for Growth in the Cross-Border Payment Market
This recognition of XRP’s utility has fueled investor optimism about its potential for significant price appreciation, particularly considering the projected growth of the cross-border payment sector. Financial experts believe that if XRP captures even a fraction of this projected growth, its price would likely rise considerably from its current position.
Can XRP Reach $1,000?
According to Versluis’ XRP liquidity cheat sheet, XRP prices ranging from $100 to $500 could potentially support daily payment volumes of up to $1 trillion. However, these price points become less realistic for volumes exceeding $6 trillion to $20 trillion.
This is because XRP’s current circulating supply of approximately 55 billion tokens would be insufficient to handle the vast number of XRP needed to settle such high volumes.
Financial expert Shannon Thorpe previously argued that a price of $500 would undervalue XRP if it were to capture a significant portion of the projected $250 trillion cross-border payment volume predicted by the Bank of England.
Versluis’ analysis suggests that for XRP to efficiently manage daily volumes between $1 trillion and $20 trillion, its price would need to reach at least $1,000. At this price point, only 1 billion XRP tokens would be required to settle a $1 trillion daily volume and 20 billion tokens for a $20 trillion volume.
⚠️Disclaimer
This content aims to enrich readers with information. Always conduct independent research and use discretionary funds before investing. All buying, selling, and crypto asset investment activities are the responsibility of the reader.
#Ripple #XRP

Story HighlightsThe XRP price is close to breaking above the multi-year consolidation phase, which may eventually trigger a healthy upswingMeanwhile, the Litecoin bulls are trying hard to keep up the bullish momentum, which may propel the prices beyond $100 in no timeNo sooner than the Bitcoin price achieved new highs at $69,000, the crypto markets were flooded with huge buying volume. Nevertheless, it remained for a very restricted time frame as the altcoins had a strong pullback, despite experiencing a minor bullish push. Among them are some tokens like Ethereum, which sustained strongly, while others like XRP and Litecoin (LTC) faced major drawbacks.However, both tokens continue to remain at the foothills of an explosion, which may propel the prices beyond interim resistance. The XRP price is trying to breach the upper resistance despite multiple failed attempts. The current trade set-up indicates the price may again face a minor pullback as the technicals turn bearish. The weekly chart suggests price trading within a decisive symmetrical triangle, while the token is still distinct from its apex. RSI is displaying a bearish divergence, while DMI is also not favouring the bulls. However, after the recent pullback from $0.66 to $0.54, the price has reclaimed $0.6, which suggests the bullish momentum will prevail.Hence, the XRP price may consolidate along the resistance for a couple of weeks, beyond which a healthy rebound could lift the price above $0.7 initially and later to $0.8. Once the price settles above $1, the XRP price is believed to head towards higher targets, probably above $2. Meanwhile, Litecoin appears to be a step ahead of XRP as the price has breached the resistance and also completed the retracement, making it ready for the upcoming explosion.The Litecoin price is undergoing a minor retracement after piercing above the upper resistance of the decisive symmetrical triangle. Although the RSI is bearish, the resistance-tuned support may offer the required base to trigger a healthy rebound. Therefore, the LTC price is believed to maintain a fine upswing in the coming days as the volume remains within decent levels.@Crypto_Lina $XRP $LTC

Brad Garlinghouse, the chief executive officer of Ripple, has revealed the groundbreaking role of XRP in significantly disrupting the traditional banking system.

XRP Can Be Used To Settle $27 Trillion Liquidity

XRP has the potential to transform the multi-trillion-dollar banking industry.

In a recent interview with CNBC, Ripple CEO Brad Garlinghouse noted that the San Francisco-based payments startup currently uses the XRP token “as a tool to settle liquidity needs between banks”. According to Garlinghouse, there is a whopping “$27 trillion presently held by different banks in the world to carry out payments between each other.”

BOOOOOOOOOOOOOOOOOOM!!!!CEO of @Ripple – Brad Garlinghouse:"$27 trillion of worth of liquidity is held at banks as liquidity, #XRP will solve that issue!"Did you miss #Bitcoin? Don't miss XRP! pic.twitter.com/ExAqTNkdKL

— JackTheRippler ©️ (@RippleXrpie) March 4, 2024

The executive believes utilizing XRP to perform these interbank transactions can transform the sector. This is due to the fact that XRP facilitates real-time, low-cost, and efficient transactions, compared to traditional banking methods.

Banking institutions must keep substantial reserves under the legacy system that Garlinghouse highlights so as to enable streamlined international transactions. XRP makes this process seamless by reducing the settlement time to a mere three seconds.

Garlinghouse also indicated that the viability of a crypto asset in the long term is determined by its utility in the real world. The Ripple boss then cited several factors to consider, such as the problem the cryptocurrency is solving, the size of the problem being addressed, and how many customers it currently boasts.

When Will XRP Retake $3 Milestone?

XRP has noticeably failed to rally as much as its peers in the latest crypto market upswing. Currently ranked sixth on the crypto leaderboard, XRP currently boasts a market cap of $33.3 billion, according to CoinGecko data

At its current price of $0.61, XRP is seeing its highest point since the start of 2024, suggesting that investors are still optimistic about the token’s prospects. However, the journey toward higher price points is hampered by the formidable resistance at the $0.7 level.

XRP’s ability to break past this threshold conclusively is paramount for sustaining bullish momentum. This simply means that XRP’s journey to the elusive $3 zone is dependent on the asset’s ability to push through the critical resistance at $0.7. Failure to do so may signify a lack of confidence in the token, potentially triggering a correction.

On February 26, 2024, the Terra Luna Classic community approved the proposal to burn 800 million USDT tokens, leading to an impressive 11% surge in the USTC token price.  However, these significant decisions from the Terra Luna Classic community happened at a time when top cryptocurrencies like Bitcoin, Solana, Cardano, and many others were experiencing a price correction.

Why Terra Luna Classic (USTC) soar?

The Terra Luna Classic community approved Proposal 12073, which will allow the burning of a significant 800 million TerraClassicUSD (USTC) tokens, worth around $32 million, from the Risk Harbor multi-sig wallet. Before deciding on this massive proposal, members of the Terra Luna Classic community likely engaged in discussions, and debates, and exchanged opinions to carefully weigh the pros and cons of the proposal.

During the discussion regarding the proposal of burning 800 million USTC, it passed with 41% in favor, 33% not voted, and 18% voting “No,” while 8% of the community members opposed a “No with veto” stance. However, among the 58 validators, 42 voted in favor, 11 did not vote, and 5 opposed, with a significant refusal to vote from the validator Allnodes.

The burn execution involves migrating the specified USTC amount from Risk Harbor’s multi-sig wallet to a new code version through a contract migration proposal. This means a specific amount of USTC will be held in a wallet before significant burning. The migration handler will manage processes, including tax considerations, ensuring the blockchain’s state remains unchanged, as highlighted by former Joint L1 Task Force (L1TF) developer Fragwuerdig.

USTC price performance 

Initially, following this decision, the USTC price experienced a 25% surge, however, in the past few hours, the gain retraced. The community’s decision reflects a commitment to proposed methods and broader objectives outlined in proposals 11832, 11660, and 11710, highlighting a strategic approach to managing and utilizing the Terra Luna Classic ecosystem.

As of writing, TerraClassicUSD (USTC) is trading near $0.035, and in the last 24 hours, it experienced over 10% upside momentum. However, USTC also reached an intraday high of $0.041. If we look at the USDT performance over a longer period, in the last 7 days, it experienced over 7.5% of upside momentum, whereas, in the last 30 days, it witnessed over 34% of upside momentum.

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In the dynamic realm of cryptocurrency, where every digital coin seems to be vying for the spotlight, Hedera Hashgraph (HBAR) stands as a resilient contender. With its innovative blockchain technology and promising potential, HBAR has captured the attention of investors and enthusiasts alike. As we embark on a journey through the evolving landscape of digital assets, let’s delve into the forecast for HBAR’s price trajectory from 2024 to 2033.&middot

For the full story, head over to TheCurrencyAnalytics.com.