$XRP 🤑 XRP Ledger or simply XRP ​​​ is a free software project and a payment protocol that aims to develop a credit system based on the "peer-to-peer" paradigm.

Jake Claver, CEO of Digital Ascension Group, has boldly suggested that XRP could skyrocket to $10,000 per coin sooner than many expect.

In a post on social media, Claver shared a video explaining why XRP would need to reach such a valuation to efficiently support large institutional money transfers. According to Claver, the higher the price of XRP, the fewer tokens are needed to facilitate high-volume transactions on its network.

He referred to a well-known analogy from Ripple's Chief Technology Officer, David Schwartz. Schwartz explained that transferring $1 million in value at an XRP price of $1 would require 1 million tokens. But if XRP were priced at $10, only 100,000 tokens would be needed. In a more extreme example, a valuation of XRP at $1 million would mean that a single token could handle a transfer of $1 million.

Claver emphasized that as the price of XRP increases, so does the efficiency of the network, allowing high-value transfers using fewer tokens.