A well-known XRP analyst is causing a stir with a striking prediction: the XRP price could rise from $3.50 to $500, and faster than most people expect.

XRP skyrockets after years of silence

The XRP price is around $3.50, after a strong increase in recent months. This is more than just a recovery: the coin has broken through a six-year pattern that often precedes significant price movements.

The breakout was accompanied by a strong increase in trading volume. Various analysts now see XRP heading towards $4.40 and $6. Peter Brandt, the well-known trader, also does not rule out further increases.

Since July 2024, the value of XRP has more than quintupled. The breakthrough above $3.50 is seen as a sign that the upward trend is serious. Meanwhile, the market capitalization of XRP is larger than that of companies like Shell and McDonald's, showing how seriously cryptocurrencies are now taken.

‘To $500’? Ripple's next steps could change everything

The extreme prediction of $500 is not simply pulled out of thin air. According to the analyst, there are two important reasons to believe it. First, the possible resolution of the lawsuit between Ripple and the American SEC. If the regulatory authority actually forgoes an appeal, Ripple will gain unique legal clarity in the USA.

Secondly, Ripple is working on an American banking license. This could allow the company to soon offer the same services as traditional banks, which would significantly accelerate adoption among financial institutions.

An XRP price of $500 would correspond to a market capitalization of about $50 trillion. That is more than half of the global GDP, and according to analysts from Token Metrics and others, completely unrealistic without a global financial revolution.

What is actually achievable for the XRP price?

Despite the hype, there is also sober optimism. Activity in the XRP network is growing. Ripple has launched its own RLUSD stablecoin, and the company is expanding globally with new partnerships. It is even mentioned as a possible alternative to the slow SWIFT system.

Many therefore expect that a price between $10 and $50 is achievable in this bull market. But for that, Ripple needs to obtain this banking license.