XRP price is currently trading around $0.514, with many investors speculating that it could reach $1 by the end of the year. Although this scenario is possible, in this article we will consider how high the price of XRP will reach if its market cap reaches $10 trillion.
Perhaps Ripple (XRP) could reach $1 and surpass this important psychological level in this bull run. However, for a variety of reasons, reaching an ATH of $3.1 or a market cap of $10 trillion seems highly unlikely. To put that in perspective, Apple, Nvidia, and Microsoft have a combined market capitalization of $10.16 trillion. Suffice it to say that this prospect will not materialize.
XRP price if Ripple market capitalization reaches $10 trillion
For the sake of argument, let’s assume Ripple reaches $10 trillion and find out how much higher XRP’s value could be at that time.
For context, Ripple’s current market capitalization is $29.331 billion, making it the seventh largest cryptocurrency. The current circulating supply is 56,811 million pieces. Investors should note that while the theoretical total supply is 100 billion, the actual total supply is 99.987 billion.
Let’s assume that the total theoretical supply is 100 billion and the market capitalization is $10 trillion. This means that the XRP price is worth $100. On the other hand, if the market cap reached $10 trillion tomorrow, the price of XRP would be $176.
Let’s explore XRP price analysis and what will happen in the short term, whether Ripple reaches $10 trillion or not.
Ripple Price Analysis: What’s Next for XRP?
XRP price has suffered a devastating double-digit drop of 26% since early October and is currently stabilizing after forming a local bottom around $0.486. Since altcoins are highly correlated with Bitcoin, investors should wait until BTC’s directional bias is clear before deciding to invest in Ripple.
If Bitcoin price builds a stable support level above $70,000, it would indicate the beginning of a bull market and could push XRP price higher. Until that happens, this transfer token is likely to continue to hover between two major levels: $0.469 and $0.556.
The Relative Strength Index (RSI) has fallen below the average level of 50 after reaching an overbought level on September 29th. To confirm the return of bullish momentum, the upcoming recovery rally needs to be stable and above the average level of the RSI. Such a development could cause the remittance token to rise by 7.65% to $0.556.
XRP/USDT 1 day chart
On the other hand, if XRP price fails to generate bullish momentum, it could crash 9% to the next key support level at $0.469.
Frequently asked questions (FAQ)
If Ripple’s market cap reaches $10 trillion, the price of XRP could be worth $100 or $176 depending on the circulating supply considered.
The current price of XRP is approximately $0.514.
Yes, this scenario is possible, but reaching an ATH of $3.1 or a market cap of $10 trillion is highly unlikely.
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akash girimas
Akash Girimath is an engineer by training with a deep interest in the intricacies of the crypto market. As a senior reporter and analyst, he specializes in crypto analysis and contributes his expertise to prominent platforms such as AMBCrypto and FXStreet. In addition to his analytical work, Akash actively trades cryptocurrencies and manages a small crypto fund for friends and family. His role includes providing insightful market analysis and keeping readers informed about the latest trends in the world of cryptocurrencies. Follow him on Youtube , X and LINKedIn
Disclaimer: The content presented may contain the personal opinion of the author and is subject to market conditions. Do your market research before investing in cryptocurrencies. The author or publication assumes no responsibility for your personal financial loss.
