“XRP will rise to $500 with $5 trillion inflow”
Crypto Tank, a well-known figure in the XRP community, insists that the popular cryptocurrency will reach triple digits.
While the crypto market continues to rise, the inactivity of one of the major altcoins, XRP, has drawn attention. Under pressure due to the legal tension between the SEC and Ripple, XRP has disappointed its investors. Many crypto investors believe that XRP will soon fall from the top 10 (ranking by market value).
Crypto Tank commented on why the XRP price has not been following the crypto rally. The bullish analyst made a surprising prediction.
The analyst, who stated that he received questions from the community about the XRP price, stated that he maintained his $ 500 price target. Crypto Tank suggested that large financial institutions will contribute to XRP and that many global companies will soon use XRP as a means of payment.
“To determine what XRP should be priced at, you take the $5 trillion coming from global companies and divide it by the 10 billion XRP pooled in Ledger. The math involved is that XRP should be priced at $500.
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