XRP Could Reach $10,000 in 24 Months According to Expert
Jake Claver, Managing Director at Digital Ascension Group, predicts that XRP could reach $10,000 within 24 months. He argues that higher token prices enhance network efficiency for large transactions.
Price and Liquidity Efficiency
- At $1 per XRP, transferring $1 million requires 1,000,000 tokens.
- With a price of $10, only 100,000 tokens are needed.
- A hypothetical price of $1 million per XRP would allow one token to cover the same transfer.
Market Cap Implications
- XRP is currently priced around $2.24, with a market cap of approximately $131.7 billion.
- Claver's target implies a market cap exceeding $585 trillion.
- Critics highlight that actual liquidity depends on exchange orders and liquidity pools.
Timeline and Skepticism
- Claver anticipates reaching $10,000 in 24 months.
- This increase would require over 500,000% growth from current levels.
- Historical data shows Bitcoin took four years to grow significantly.
Community Reaction and Risks
- Claver's claims have drawn mixed reactions; some support, while others criticize the unrealistic expectations.
- Concerns exist regarding regulatory challenges and market dynamics.
XRP Price Forecast
- XRP is projected to dip slightly by about 0.70%, estimating a value of $2.23 by July 17, 2025.
- The current market sentiment is neutral, with a Fear & Greed Index score of 57.
- XRP experienced positive performance on 16 out of 30 days over the past month, with a modest 3.70% price fluctuation.