TodayMarketAlert

Market participants doubt XRP's capacity to reach some of the lofty price targets they have set, citing supply statistics as evidence.

The market for cryptocurrency frequently offers investors the chance to turn small investments into multimillion-dollar fortunes in a single day. A comparable investment increase was eventually made possible by XRP, which shot up from a low of $0.003 in January 2017 to a high of $3.31 in January 2018.
The rise during this rally was 109,899% in just one year. To give you an idea, investors who bought $1,000 worth of XRP at $0.003 effectively bought 333,333 XRP tokens. Within a year, these tokens' worth soared to $1.1 million when the price touched $3.31.
XRP's Past Performance Encourages Hope
Many new investors that join the XRP market may anticipate a similar performance because of its past success, particularly in the face of widely held aggressive price targets. Additionally, some older holders would want to experience the prior rally over.

This optimism has been supported by forecasts of bold price objectives for XRP. Armando Pantoja, a market observer, stated last month that $100 for XRP is doable. Other estimates have set goals between $300 and $500. Many, however, have discounted these due to supply issues.
There are now 57.1 billion XRP tokens in circulation, with an inflation rate of roughly 200 million tokens every month. XRP is currently the third-largest cryptocurrency asset on the market with a market valuation of $140 billion and a price of $2.45 due to its circulating supply.
XRP Market Cap at Different Price Objectives
If XRP were to rise back to its peak of $3.31, it would have a market value of $189 billion. Additionally, if it hits the more realistic $6 target, its worth would rise to $342.6 billion. On the other hand, if it hits the more significant price of $11, XRP's market capitalization would reach $628 billion, which is higher than Ethereum's present valuation but still within practical bounds.
Nevertheless, it would take an exponential increase in capital inflow for the XRP market to even reach $100, let alone $300 or $500. A $100 price per XRP, for example, would result in a market capitalization of $5.7 trillion, far larger than the $3.63 trillion value of the present global cryptocurrency market.

Additionally, in order for XRP to reach a $300 value at the present circulating supply of 57.1 billion, its market must draw in a total capitalization of $17.13 trillion, matching the current market capitalization of $17.9 trillion for gold. Interestingly, gold is the world's largest asset by market capitalization.
The largest obstacle, meantime, would be the $500 price aim. For XRP to hit $500 with the present supply, its market value would have to exceed $28.5 trillion. This would be the biggest market capitalization for a single asset in the last several years.
Can XRP Hit $100, $300 and $500?
These analyses support the idea that, absent a significant shift in the market, XRP may not be able to reach the $100, $300, and $500 price targets given the state of the market. But smaller targets, such as $6 and $11, are easily reachable.

Despite this difficulty, Changelly analysts think XRP could reach these ambitious goals within a few decades. Even though they anticipate XRP to fall below $1 in the upcoming year, they also anticipate exponential growth.
In 2040 and 2050, 26 years from now, these researchers predict that XRP will reach $100 and $300 before reaching $500.
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