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Analyst Predicts XRP Price Could Hit $100, Here’s Why
According to recent predictions by an analyst, the price of Ripple (XRP) could potentially reach $100 in the near future. This prediction is quite surprising given that XRP is currently trading at $2.19, with a market cap over $127 billion.
However, the analyst has clarified that it’s not the market cap that limits XRP’s potential to increase its price. He argues that this assumption ignores how individual prices and values work in the real market, much like comparing a $10 million mansion to an average house costing $300,000.
Instead, the analyst points out XRP’s significant strength lies in its liquidity. For instance, he noted that a small investment of just $80 million was able to boost XRP’s market cap by a whopping $17 billion, demonstrating how even minimal inflows can trigger massive price movements due to low liquidity. This highlights XRP’s potential to react strongly to changes in demand.
Moreover, the analyst emphasized that XRP is not just another coin; it’s a platform designed for global payments, capable of handling trillions in transactions. As major banks begin to adopt it and new features like DeFi, EVM sidechains, and passive income tools are rolled out, the ecosystem is growing rapidly. With rising utility and limited supply, he expects demand to continue climbing.
While reaching $100 may seem far-fetched at first glance, the analyst argues that with certain conditions in place – such as significant inflows of capital, speculation, ETFs, and global adoption – it’s not entirely unrealistic.
Source: https://coinpedia.org/news/analyst-predicts-xrp-price-could-hit-100-heres-why/
