XRP Price Could Reach $40.68 With Bitcoin’s Market Cap
XRP is gaining attention due to favorable legal developments and the anticipated launch of Spot XRP ETFs. Currently, XRP's market capitalization significantly trails behind Bitcoin's.
Key Points
- XRP has a market cap of $168 billion, whereas Bitcoin's market cap stands at $2.415 trillion.
- If XRP reached Bitcoin’s current market cap, each token would be worth approximately $40.68, representing a potential increase of over 14,000% from its current price of around $2.8.
- XRP's alignment with traditional finance through partnerships with banks and payment providers gives it a practical use case.
- XRP is growing in areas like remittances and real-world asset tokenization.
- Further growth may come from Ripple securing more partnerships with central banks and financial institutions, especially in regions like the Middle East, Southeast Asia, and Latin America.
- The potential introduction of Spot XRP ETFs in the US could also contribute to price growth.
Overall, while XRP has a long way to go to match Bitcoin's dominance, its unique position in the financial ecosystem offers significant growth potential.