Analyst Explains Why $XRP Could Reach $100

A recent discussion among cryptocurrency enthusiasts has drawn new attention to the significant price growth potential of XRP. A trader named Steff outlined the main reasons why this token could achieve a three-digit valuation, answering a question from internet personality Tristan Tate. This token has witnessed an increase in social media interactions, mainly due to strong market performance and speculation about the potential inclusion in the US strategic digital asset reserve. This speculation and the price increase of the token by the end of 2024 have fueled discussions about its future trajectory. Tristan Tate, an online influencer and the brother of Andrew Tate, recently raised questions about the basis for the increasing popularity of this asset and how its price could skyrocket from the current $2.50 to $100. In response, Steff, a community member and trader, highlighted some factors that could drive this price growth. Key factors supporting the growth of Token One of the main arguments supporting the potential increase of XRP is its ability to replace SWIFT, a widely used banking system for international transactions. Steff pointed out that SWIFT transactions are often slow and costly, while XRP allows for almost instant cross-border money transfers with lower costs. He believes that if this token captures a small market share of SWIFT, demand will increase significantly, potentially pushing the price higher. Another important factor is Ripple's global partnership. Ripple has established relationships with major financial institutions, including Santander and American Express, which began collaborating with Ripple in 2017. According to Steff, as the regulatory landscape in the US becomes clearer, more financial institutions may adopt this token on a larger scale, thereby further enhancing its value. Steff also emphasizes the importance of Ripple Payments (formerly known as On-Demand Liquidity, or ODL). Major financial companies have implemented this system to process real-time cross-border transactions. If many companies in the remittance industry integrate XRP, the transaction volume can increase exponentially, supporting higher valuations. Furthermore, he notes that regulatory clarity could play a crucial role. The SEC's lawsuit against Ripple is a major obstacle, but with leadership changes, he believes regulatory clarity is approaching. Once legal uncertainties are resolved, he hopes that Wall Street firms and institutional investors will enter the market, further driving demand for this token.

Another consideration is the token's supply and utility. With limited token supply and expanding real-world applications—including cross-border payments, tokenization of assets, and smart contracts—Steff argues that the increasing demand may surpass the current supply, leading to a sudden price surge driven by supply pressure. Assessing the feasibility of the $100 price target While Steff remains confident in the long-term potential of the token, he has made a specific estimate of how the token could reach $100. He argues that if the token captures just 10% of the global remittance market, its valuation could increase three to five times. If it replaces SWIFT's transaction network, which processes trillions of dollars daily, he believes that a $100 price point is attainable. However, not everyone shares this view. A critic known as Mr. Random has challenged the feasibility of such a valuation, claiming that XRP reaching $100 would require a market capitalization exceeding $5 trillion, assuming 45 billion tokens are in circulation. A fully diluted valuation at that price would be around $10 trillion, surpassing the economy of some large countries. Skeptics also believe that the circulating supply of XRP is a limiting factor. Despite these concerns, the token currently holds a market capitalization of $138.71 billion, reflecting strong market interest. The ongoing debate highlights the uncertainty surrounding the future price of the token, although supporters remain optimistic about its growth potential.