Analysts Predict XRP Could Reach $10,000 Due to Institutional Adoption

Market analysts are discussing the potential long-term valuation of XRP, suggesting it could reach $10,000 per coin. This figure is considered a conservative estimate driven by institutional adoption and its role in global finance.

Key Points

Analysts argue $10,000 for XRP is feasible due to growing institutional adoption.
Rowen Exchange emphasizes increasing usage by banks and payment processors will drive demand.
XRP has a total supply of 100 billion, with only half circulating in the market.
A supply squeeze from institutional hoarding could lead to significant price increases.
Current price is $2.76; reaching $10,000 would require over a 362,000% growth.
Critics point out that achieving a $1 quadrillion market cap is unrealistic given current market conditions.
Some analysts believe that the token's utility, rather than market cap, is key to its value.