š„ WallStreetBets founder Jaime Rogozinski has used the recent XRP surge to speculate on its potential if the broader crypto market cap hits $5 trillion.Ā š„
XRP remains one of the top gainers in the latest bull rally, soaring by over 400% within a month. Specifically, XRPās 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.Ā
Even though XRP has slumped heavily below its seven-year peak, Rogozinski stillĀ believesĀ 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 šššš„
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 Rogozinskiās 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.Ā
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 coinās price hits the $8 target.Ā
XRP to $8 Predictions
Meanwhile, several market experts have forecasted XRPās 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 couldĀ increaseĀ to $5 trillion by the end of this year.Ā
Last month, prominent crypto analyst EGRAGĀ predictedĀ that XRP could surge to $8.77 if Garlinghouseās prediction materializes. Earlier this month, EGRAGĀ notedĀ that XRP is capable of soaring to $8.1 as long as the coin maintains bullish momentum.Ā
However, he emphasized that Bitcoinās performance, particularly its potential surge to around $130,000, is a crucial catalyst for XRPās possible rally to the $8.1 target.Ā
Investors Optimistic About XRP Potential Under Trump AdministrationĀ
In the meantime, investors are optimistic about XRPās 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 XRPās performance over the past few years, could soon beĀ resolved.Ā
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 coinās price to unprecedented levels.Ā
DisClamier:Ā This content is informational and should not be considered financial advice. The views expressed in this article may include the author's personal opinions and do not reflect The Crypto Basic opinion. Readers are encouraged to do thorough research before making any investment decisions. The Crypto Basic is not responsible for any financial losses.