The XRP price has performed well since 2024, and analysts predict further growth in the coming years. The bullish case rests on key catalysts such as a potential Ripple ETF approval, its growth in the money transfer industry, and its role in the stablecoin market. This article explores XRP’s potential price if its market cap hits $1 trillion.
XRP Price if it Hits a $1 Trillion Valuation
XRP has grown to become the fourth-biggest cryptocurrency with a market cap of over $138 billion. It is only smaller than Bitcoin, Ethereum, and Tether.
Therefore, for its valuation to reach $1 trillion, XRP needs to rise by 625% from its current price. This is plausible considering it increased by almost 500% between its lowest and highest levels in November last year.
XRP’s price has increased from $0.005 in August 2013 to $2.37, reflecting a 47,100% rise. As such, it is possible for the price to increase by 625%. If this happens, the price needs to reach $17.20.
This estimate, however, is based on the current circulating supply of 58.55 billion. Its circulating supply increases by about 1 billion monthly, with unsold tokens returning to escrow. If XRP surges to $17, its fully diluted valuation would reach $1.7 trillion.
Based on the current XRP and BTC market ratio of 0.0721, Bitcoin would reach a market cap of over $13.53 trillion. The current circulating supply means that Bitcoin’s price would be trading at $683,333, lower than BlackRock’s target of $700,000.
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Top Catalysts for Ripple Token
The XRP price has several catalysts that may push its market cap to over $1 trillion. Its low-hanging fruit is the upcoming ETF approval by the Securities and Exchange Commission (SEC). Analysts expect the agency to approve these funds, with the Polymarket odds rising to 77%.
Further, Brad Garlinghouse aims to disrupt Swift’s current $150 trillion a year business by enrolling more banks in its RippleNet platform and offering faster transactions.
XRP may also benefit from its focus on stablecoins, a market projected to reach $1.6 trillion by 2030. The company owns Ripple USD (RLUSD) and recently wanted to acquire Circle, the owner of USD Coin (USDC).
Further, Ripple Labs acquired Hidden Road, a move expected to boost the volume handled by the XRP Ledger. This, in turn, will lead to a higher XRP burn rate since a portion of transactions are incinerated.
Short-Term XRP Prediction
The daily chart shows that the XRP price has moved above the descending trendline connecting the highest swings since January 16. This was an important move as it crossed the upper side of the falling wedge pattern, a popular bullish reversal sign.
The coin has formed a mini golden cross with the 50-day and 100-day moving averages intersecting. Therefore, the coin will likely have a bullish breakout. The next point to watch is $3.40, the highest swing in January. A move above that price will point to gains of $5.
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