XRP price has held steady above $2 in the past two months as investors wait for the next major catalyst. Ripple was trading at $2.3 on Wednesday, down 33% from its highest point this year. This article explains why the XRP token can supercharge a $1K investment from $1K to $10K by 2030.
Turning $1,000 XRP Into $10,000
XRP has been one of the best-performing coins in the past decade, as it surged by over 37,000% since its inception. This growth has helped push its market capitalization to $130 billion, making it the fourth-largest coin in the industry.
There is a likelihood that XRP will yield substantial returns in the future as its network expands and institutional investors enter the market.
One common question is whether it is possible to turn a $1,000 XRP investment into $10,000.
With the XRP price trading at $2.3 today, it means that a $1,000 purchase would give you 435 coins. For this to be worth $10,000, it would mean that the XRP price would need to be $22, or a 900% surge from the current level.
In theory, a 900% surge looks impossible since that would mean that the XRP’s market cap jumps to over $1.3 trillion. Since cryptocurrencies have a close correlation, the crypto industry would be worth more than it is today.
For example, assuming that the current XRP and BTC ratio remains, it means that Bitcoin would be worth $22 trillion if XRP has a market cap of $1.3 trillion.
History shows that a 900% XRP price surge is possible, as the coin has already jumped by over 30,000% since inception. It also jumped by almost 500% in November last year.
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Key Drivers for a Ripple Price 900% Surge
Three main drivers would push the XRP price up by 900%. First, there are rising odds that the SEC will approve spot XRP ETFs later this year. As one of the most popular cryptocurrencies, there is a likelihood that these funds will have substantial inflows once approved.
Second, XRP will benefit from the ongoing “mini MSTR” craze, where companies have started adding it to their treasuries. VivoPower has raised $121 million to buy XRP, while Webus raised $300 million to do that. Other firms, such as Hyperscale Data and Wellgistics, have also bought XRP.
More companies will likely invest in XRP as they attempt to replicate Strategy’s success, which has turned it into a $100 billion company.
XRP will also perform well due to its growth in the finance industry, where it aims to disrupt Swift. Its RippleNet solution is growing, and Ripple USD, its stablecoin, has already achieved a $310 market cap.
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