Crypto Analyst Forecasts XRP Surge to $11, Says $1.5T Market Cap Possible

Crypto Analyst Forecasts XRP Surge to $11, Says $1.5T Market Cap Possible

Time Stamp: July 21, 2023 7:02 AM
Source Node: 2179124

AJ from BitBoy Crypto’s Youtube channel projects XRP price post-SEC lawsuit victory, foreseeing a potential surge of even $6 to $11 by 2025 bull run.

In a recent episode of BitBoy Crypto’s YouTube channel, host AJ from the Price Prediction Department made some astonishing projections for the price of XRP.

The catalyst for this newfound optimism was the news that XRP had successfully won its legal battle against the US regulator, resulting in astonishing price gains within a few hours of the ruling.

Analyzing XRP Technological Underpinnings

Intrigued by this turn of events, AJ shifted his focus to the potential future value of XRP during the next bull run. AJ delved into XRP’s tokenomics and technological underpinnings to analyze the potential trajectory.

He provided a brief overview of XRP’s origins, highlighting that it launched in 2012 with a pre-mined supply of 100 billion coins.

He noted that rather than relying on traditional consensus mechanisms, XRP utilizes the XRP Ledger Consensus Protocol. Through a unique node list, XRP’s approach allows validators to achieve consensus by agreeing or disagreeing, comparing blocks every three to six seconds.

While some argue that XRP is deflationary, the crypto analyst contended that due to the small number of coins destroyed from transactions, the negligible percentage of destruction makes the deflationary point virtually irrelevant.

Instead, he cited that XRP’s tokenomics lean towards an inflationary model, with an escrow program that releases 55 billion XRP gradually.

Noteworthy is that the talks about XRP supply were necessary to consider how much XRP would be circulating during the next bull run to predict XRP’s price accordingly.

Projections Based on Historical Facts

With that in mind, AJ delved into the math, estimating that by November to December 2025, approximately 5.84 billion new XRP tokens would enter circulation, leading to a circulating supply of around 58.39 billion.

During the analysis, AJ recalled how XRP achieved its all-time high price of $3.29 on January 4, 2018, with a slightly over 38.7 billion circulating supply and an impressive market cap of over $130 billion.

Turning to the present, AJ highlighted that XRP is trading around $0.74, with the circulating supply increasing to a little over 52.5 billion and a market cap of $39.2 billion. AJ stressed that XRP would need to surpass $130 billion to regain its previous peak market cap, meaning over $90 billion must be added to its current market cap.

XRP Price Projections

From the projected figures, AJ presented a bullish outlook for XRP, stating that if it were to regain its all-time high market cap, the crypto assets could achieve around $2.23 per XRP, translating to an impressive 183% increase from its current value.

Furthermore, he envisioned a $6 to $11 XRP, which would require market caps ranging from $350 billion to over $642 billion, potentially representing an astounding 13X gain.

Acknowledging the divergence of opinions, AJ contrasted his bullish projection with BitBoy’s forecast of $7 to $25 for XRP. Factoring in Ripple’s regulatory clarity and potential IPO plans, AJ believed that the $1.5 trillion market cap for XRP was within the realm of possibility, potentially leading to the lofty $25 price tag.

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Disclaimer: This content is informational and should not be considered financial advice. The views expressed in this article may include the author’s personal opinions and do not reflect The Crypto Basic’s opinion. Readers are encouraged to do thorough research before making any investment decisions. The Crypto Basic is not responsible for any financial losses.

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