Expert Predicts XRP Price Could Reach $2,500 by Year-End

Crypto expert Jake Claver suggests that for XRP to rally to $2,500, specific macroeconomic events must create a supply shock. The projected increase is reliant on supply and demand dynamics instead of market cap considerations.

Current circulating supply: 59.77 billion XRP
A price of $2,500 would yield a market cap of $149.4 trillion, surpassing the current crypto market cap by 50 times and nearly doubling the U.S. GDP.
XRP's deflationary nature sees 5,000 coins burned daily, contributing to potential value increases.
Since its launch, 14.2 million XRP have been burned.

Claver believes reverse carry trades could catalyze this price surge before year's end. He anticipates sufficient liquidity for transactions, potentially replacing SWIFT and stock market settlements with the XRP Ledger.

Currently, XRP trades around $2.85, down almost 2% in the last 24 hours according to CoinMarketCap data.

XRP