XRP price could climb to $7 if its market capitalization rises to match Elon Musk’s current net worth, a scenario that reflects the growing optimism within the XRP community.

XRP in the Spotlight

As of now, XRP holds a strong position in the cryptocurrency rankings with a market cap of $168 billion and an individual token price of $2.90. This places it firmly as the third-largest cryptocurrency, behind only Ethereum at $537 billion and Bitcoin with a dominant $2.17 trillion.

The XRP community has long felt that the token is undervalued, and this belief has led to continued speculation about its true potential. Many enthusiasts envision a future where XRP achieves significantly higher valuations, particularly if major catalysts push the market’s momentum in its favor.

Comparing XRP to Elon Musk’s Net Worth

Forbes estimates Elon Musk’s real-time net worth at $415.6 billion, currently making him the wealthiest person on the planet. Musk amassed his fortune through equity in companies he helped launch, including Tesla, SpaceX, and xAI.

Musk owns 12% of Tesla, though much of it is pledged against loans. Additionally, he controls around 42% of SpaceX, which received a $350 billion valuation in late 2024. His 54% ownership in xAI also adds significantly to his wealth, especially after the company’s valuation reached $50 billion in November 2024.

Beyond these, Musk acquired Twitter (now X) for $44 billion in 2022. However, by August 2024, its value plunged nearly 70% amid turbulent user engagement and monetization issues.

Notably, Tesla is one of the largest public holders of Bitcoin, with a crypto investment exceeding $1.2 billion. The upcoming integration of payment functionality into X has stirred conversations about which blockchain could be used for transactions—prompting speculation within the XRP community that Ripple’s blockchain could be a prime contender.

In fact, TRIBLU’s founder, Joshua Dalton, tweeted in June that Elon Musk “will do anything” to help XRP become the top digital asset. Despite such statements from community figures, Musk himself hasn’t formally embraced XRP. While he briefly mentioned it at a political event in late 2024, that remains his only notable public reference to the cryptocurrency.

How High Could XRP Price Go?

XRP’s current valuation would need to grow approximately 2.5 times to match Musk’s $415.6 billion net worth. With a circulating supply of around 59.48 billion coins, this scenario would place the value of each XRP token at nearly $7.

Comparison between XRP’s current valuation and Elon Musk’s net worth, illustrating a potential $7 price point for XRP.

This projection would not only surpass XRP’s all-time high of $3.84 but could signal a record-setting era for the token. To achieve this goal, the asset would need to rise approximately 150% from its current standing.

Could XRP Reach $7 Soon?

Some market analysts believe a $7 target could be within reach by the end of 2025. One such voice is crypto analyst Mario Nawfal, who predicted XRP might even hit $10 in December under favorable market conditions. Achieving this would place XRP’s market cap well above Musk’s net worth.

In the same vein, another prominent XRP advocate, Alex Cobb, has stated that a $22 price target is possible. If that were to happen, the resultant $1.3 trillion market cap would place XRP among corporate giants like Meta and Saudi Aramco, transforming the landscape of crypto finance.

Related: XRP Price: $12M Max Pain for Bears

Whether XRP can genuinely achieve these figures remains uncertain. However, the growing enthusiasm within its community, coupled with developments in adoption and blockchain innovation, keeps the vision alive for now.