XRP at $978.99 by May 12!!!! Reality or fantasy?
In the world of cryptocurrencies, bold predictions are nothing new. But some claims cross the line from optimistic to outright absurd. A recent post circulating on Square suggests that XRP could skyrocket to $978.99 in two days—by May 12, 2025. Let's be clear: that is not only unlikely, it is mathematically and economically impossible. Here’s why.
Understanding the Numbers
At the time of writing, #xrp is trading at approximately $2.37, with a circulating supply of around 56 billion tokens. This places its market capitalization near $132.7 billion. Now imagine XRP jumping to $978.99. This would inflate its market capitalization to an astronomical $54.82 trillion. If you consider the maximum total supply of XRP of 100 billion tokens, the valuation skyrockets to $97.9 trillion—almost equal to the entire global stock market, which is estimated at around $100 trillion.
The Scale of Impossibility
Even hypothetically, halving the supply of XRP would not make such a price jump feasible. With 50 billion tokens in circulation, a price of $978.99 would still result in a market capitalization of $48.9 trillion—approximately 17 times larger than the entire cryptocurrency market, which currently hovers around $2.94 trillion. There is simply no precedent or mechanism to support such a massive increase in a short period of time.
Token Burns and Supply Dynamics
Some might argue that a drastic token burn could drive prices up. While Ripple has implemented limited burns through transaction fees, the impact is extremely gradual. No historical or planned supply reduction comes close to the scale required to justify a price tag of $978—especially in two days.
Price History and Market Behavior
To reach $978.99 from its current price of $2.37 would require a 41,000% increase. To put this in context, the most aggressive rally of XRP in recent history was a gain of 280% over three months. A move to $978 in two days would require over $54 trillion in new capital flowing into a single asset—a figure that would not only be unsustainable but could trigger chaos in global financial markets.
Even if XRP completely replaced SWIFT and handled 1% of its estimated daily volume of $5 trillion, the resulting price impact could push XRP towards $35—not even close to $978.
Realistic Market Influences
While XRP has enjoyed bullish developments—including a favorable resolution to the SEC lawsuit and potential futures listings on CME—these catalysts tend to influence the price gradually. For example, XRP recently fell from $2.25 to $2.09 before recovering to $2.37—a modest 13% change that underscores the true pace of market movement.
Conclusion: Keep Your Feet on the Ground
The claim that XRP could reach $978.99 in two days is not rooted in any financial reality. It is a clear example of viral misinformation designed to generate hype rather than inform. Investors should approach such predictions with skepticism, do their own research, and remain focused on fundamentals rather than fantasies.
