XRP Price Potential: Could It Reach Three Digits?

XRP could reach the three-digit price region if it claims a market cap that matches 40% of gold’s valuation.

The crypto market has entered another consolidation phase, expectedly dragging XRP into a range-bound price action. Following a major collapse stemming from the Israel-Iran conflict, XRP has steadied below the $2.2 level but remains above $2.

XRP Sees Bullish Predictions Amid Consolidation

Currently trading at $2.16 with a market cap of $127.5 billion, many believe XRP is undervalued. Advocates cite its growing utility in payments as a cheaper and faster alternative to traditional systems.

Ambitious price targets have emerged, including predictions of XRP hitting $50 in five years and $100 sooner. However, these projections face skepticism due to market cap improbabilities. The Crypto Basic analyzed XRP’s potential price if it matched 40% of gold’s market cap by 2040.

XRP Price Projection by 2040

Gold, with a market cap of $23.185 trillion, is the largest asset globally. If XRP’s market cap reached 40% of this, it would be valued at $9.274 trillion—surpassing Bitcoin’s current $2 trillion market cap and the total crypto market cap of $3.28 trillion.

XRP’s current market cap of $127.5 billion would require a 7,173% increase to hit $9.274 trillion, equating to a compound annual growth rate (CAGR) of 35%. This projection suggests that the price of XRP could surge to $157 by 2040, a figure aligning with Telegaon’s predictions of a maximum price of $160.34.

Conversely, AI chatbot ChatGPT predicts a lower price of $22 by 2040, while Google Gemini anticipates XRP could reach $150, aligning with the recent forecasts and Telegaon expectations.