XRP, a popular cryptocurrency, is generating buzz as experts predict its value could reach $10,000 per coin. Some market analysts believe this is not an outrageous prediction but a conservative one. They argue that institutional adoption and XRP's potential role in global finance support this valuation.
According to Rowen Exchange, increased usage of XRP by major banks and payment processors for cross-border payments will drive demand, leading to a price surge. With a total supply of 100 billion coins, a supply squeeze could drive up the price, the analyst argues. While institutional adoption is seen as different from retail speculation, skeptics point out that reaching $10,000 represents a 362,000% growth from its current value, which seems daunting.
Some in the crypto community label the $10,000 target as "highly unlikely," noting that it would require a $1 quadrillion market cap, a scenario seen as unrealistic given the global economy's size. However, others argue that market cap is irrelevant, emphasizing XRP's utility over speculation.
