- The article explores the potential valuation of XRP if Ripple were to achieve a $10 trillion market cap, suggesting prices could reach between $100 and $176 depending on circulating supply.
- It highlights the significant influence of Bitcoin’s performance on XRP’s price trajectory and emphasizes the challenges Ripple faces in reaching such a high market capitalization.
Ripple’s XRP has long intrigued investors, but a question frequently circulates: what could XRP be worth if Ripple achieved a $10 trillion market cap? Currently, Ripple has a market cap of $29.331 billion, positioning it as the seventh-largest cryptocurrency. Although ambitious, it’s intriguing to consider XRP’s potential valuation at such a substantial market cap.
Ripple’s Current Position and Challenges Ahead
As of today, XRP is trading around $0.514. Recent market volatility has seen XRP hover between $0.469 and $0.556, with a notable 26% dip in early October. While a push toward $1 could be feasible this year, the idea of a $10 trillion market cap may feel like a distant dream. For context, the combined market caps of major global corporations like Apple, Nvidia, and Microsoft collectively reach $10.16 trillion.
In theory, if Ripple hit this unprecedented cap, XRP’s valuation could surge to remarkable levels, contingent on the circulating supply. Currently, the total supply is set at around 100 billion tokens. Two scenarios offer potential price points:
- With a Full Circulating Supply: If the entire supply of 100 billion XRP tokens were circulating, each XRP would be valued at approximately $100.
- Current Circulating Supply: At today’s 56.811 billion tokens, a $10 trillion market cap would elevate XRP to around $176.
Bitcoin’s Influence and Ripple’s Price Path
Given XRP’s strong correlation with Bitcoin, the trajectory of BTC significantly impacts Ripple. Should Bitcoin stabilize above the $70,000 mark, it could set the stage for a bull run that might propel XRP’s price further. However, until BTC’s momentum becomes clear, XRP is likely to continue trading within its current range.
The Relative Strength Index (RSI) for XRP has also shown weakness, having dropped below the median level of 50 after hitting overbought levels in late September. This drop suggests that XRP needs stronger bullish signals to resume a recovery. If bullish momentum reignites, XRP could climb 7.65% to $0.556. Alternatively, a failure to sustain support could trigger a 9% drop, testing support at $0.469.
Will XRP Ever Reach a $10 Trillion Market Cap?
While the theoretical analysis of Ripple’s market cap at $10 trillion is fascinating, it remains an unlikely reality given current conditions and market trends. For XRP to reach the heights discussed, the cryptocurrency market would require significant shifts in regulation, adoption, and financial integration worldwide.
In the near term, investors should focus on monitoring Bitcoin’s performance and XRP’s RSI as signals of a potential uptrend. While $10 trillion remains a lofty goal, XRP’s journey will likely include smaller, achievable milestones that could continue to drive market interest and speculative value.
