XRP has been trading within a narrow range since its peak of $3.84 in early 2018. Despite a stable and growing market capitalization, currently ranked seventh at $33.2 billion, XRP has seen minimal price movements.
This stagnation is largely due to the XRP community adopting a cautious approach as they await the outcome of the ongoing legal battle with the SEC, resulting in only a 15% price increase over the past year. While some investors are becoming disillusioned with this prolonged inactivity, others remain optimistic and have proposed bold valuations for XRP.
On September 16, analyst Levi Rietveld shared a striking prediction. In a video on X, he suggested that if XRP were to become integral to a new global financial system, its market capitalization could potentially soar into the quadrillions, pushing XRP’s value to a “true fair market value” of $38,999.
Rietveld’s analysis is based on the total global debt, estimated at around $350 trillion, and the derivatives market, valued at approximately $750 trillion. He argued that if XRP plays a central role in financial transactions and infrastructure, its price could reach such extraordinary heights.
The prediction is further amplified by the ambitions of major institutions exploring the tokenization of real-world assets. Rietveld noted, “BlackRock and other major institutions are eager to start tokenizing all real-world assets. They don’t just want to replace the current debt system; they aim to transition everything to this new framework, with XRPL at the core.”
He emphasized that substantial liquidity is crucial for achieving these high valuations, which he believes will be supported by Ripple’s upcoming IPO. “Ripple’s IPO is key to unlocking this potential XRP price,” he stated, stressing the need for regulatory clarity and significant institutional investment to propel XRP’s value.
Other analysts have presented varying projections for XRP. Recently, financial analysts from Vahil Capital cited a different model, suggesting a fair market value of $12,000 for XRP based on the 99-Year Golden Eagle model, which accounts for XRP’s role as a medium of exchange and assumes widespread adoption.
“Adopting XRP as a store of value is essential for reaching that high valuation, starting with its use for transactions and exchanges of value,” the analysts explained.
As of now, XRP is trading at $0.589, reflecting a 1.21% increase in the past 24 hours.
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