🪙Can XRP Reach $100, $300, or $500 with a Circulating Supply of 57B Tokens ❓
The crypto market often presents opportunities for investors to transform modest investments into multi-million fortunes overnight. At some point, $XRP facilitated a similar investment growth when it soared from a floor of $0.003 in January 2017 to a peak of $3.31 in January 2018.
This rally marked a 109,899% increase in a year. To put this into perspective, investors who invested $1,000 in XRP at $0.003 essentially procured 333,333 XRP tokens. As the price hit $3.31, the value of these tokens skyrocketed to $1.1 million within a year.
📈XRP’s Historical Performance Fuels Optimism
Due to its historical performance, several new investors who enter the XRP market might expect a similar performance, especially amid prevalent ambitious price targets. Some older holders could also be looking to relive the previous rally.
🎯XRP Market Cap at Varying Price Targets
A rally back to its all-time high of $3.31 would push XRP to a market cap of $189 billion. Further, if it captures the more feasible target of $6, its valuation would reach $342.6 billion, while a more substantial price of $11 would allow XRP to hit a market cap of $628 billion, above Ethereum’s current valuation but still within reasonable levels.
However, the XRP market would require an exponential surge in capital inflow even to attain $100, much less $300 or $500. For context, a $100 price per XRP would translate to a market cap of $5.7 trillion, exceeding the current global crypto market cap of $3.63 trillion by a mile.
❓Can XRP Hit $100, $300 and $500?
These assessments confirm that with the current market conditions, XRP might not be able to claim the $100, $300, and $500 price targets unless there is a drastic change in market dynamics.
However, lower goals like $6 and $11 are readily attainable.
What's your thoughts on XRP ?