What to Know:
- XRP aims to surpass Visa’s market cap, potentially reaching a price of $11.68 per token.
- ETF approvals and Ripple’s legal victories could catalyze XRP’s price surge.
- Analysts project XRP could reach $50, driven by institutional interest and strategic acquisitions.
XRP has captured the attention of investors with ambitious forecasts suggesting it could rival traditional financial giants like Visa. Fueled by potential ETF approvals and Ripple’s ongoing legal battles, XRP aims to exceed a $600 billion market cap. This target would place its valuation on par with established payment processors, marking a significant milestone for the cryptocurrency.
Reaching Visa’s market capitalization would require XRP’s price to increase substantially, potentially hitting $11.68 per token based on its circulating supply. Overcoming this “double-digit price barrier” is a key objective for XRP, signaling its maturity and acceptance in mainstream finance. In July, XRP briefly surpassed companies like Uber and BlackRock, demonstrating its potential for rapid growth.
Analyst Zach Rector believes the approval of ETFs will be a crucial catalyst for XRP’s price surge. Despite delays due to regulatory pauses, market sentiment remains bullish, with some projections estimating XRP could reach $50. Veteran crypto investor Pumpius highlights several factors, including Ripple’s legal victories and increasing institutional interest, as drivers for a potential major price surge.
Ripple’s strategic acquisition of Hidden Road could further facilitate institutional capital flowing into XRP. While some analysts view the $50 target as optimistic in the short term, the $10–$20 range is considered a realistic possibility. As XRP continues to navigate the evolving regulatory landscape, its potential to disrupt traditional finance remains a key narrative for investors.
In conclusion, the crypto community is closely watching XRP’s journey toward breaking the double-digit price range. Achieving this milestone could elevate XRP’s market capitalization, positioning it as a formidable competitor in the global financial arena. The convergence of regulatory developments, institutional interest, and strategic acquisitions will likely shape XRP’s trajectory in the coming months.
Source: Original article
