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Projected XRP Price if it Reclaims Half of its Peak Market Dominance
The current market capitalization is $3.28 trillion as the total cryptocurrency market continues to surge forward, sparking conversations around the underperformance of Ripple’s native asset, XRP. Despite its early presence and significant impact during previous market cycles, XRP has not matched the broader growth seen across the sector over the past decade.
The primary factor constraining XRP’s development is ongoing regulatory challenges, particularly its legal dispute with the U.S. Securities and Exchange Commission (SEC). These issues led to temporary delistings from major exchanges, restricting access for U.S.-based investors during critical periods of growth.
Historical Market Dominance: XRP vs. Bitcoin
In May 2017, XRP reached its peak market dominance of 31.33%, supported by a market capitalization of $15.28 billion when the total crypto market was $48.78 billion. At the same time, Bitcoin’s market cap stood at $29 billion, giving it a share of 59.45% of the overall market. Since then, Bitcoin has grown in tandem with the broader market.
Its market capitalization rose to $2.132 trillion, representing a staggering 7,251% increase from 2017. XRP, on the other hand, grew merely 743%, arriving at a market cap of approximately $128.8 billion. Consequently, XRP’s market dominance dropped from 31.33% to just 3.96%, while Bitcoin’s dominance increased to 65.75%.
XRP Price Projections Based on Reclaiming Market Share
In light of the current market capitalization at $3.28 trillion, experts have hypothesized scenarios where XRP regains a part of its former dominance. If XRP were to recover just half of its peak market share, 15.665%, its market capitalization would rise to roughly $513.8 billion.
With the existing supply of approximately 59 billion tokens, this would yield an approximate price of roughly $8.70 per coin. Notably, this is in line with predictions made by industry figures like George Tung, who has suggested that XRP could realistically reach between $8 and $10 under favorable circumstances by the end of the year.
While some may view $8 as a significant target, others argue that it still undervalues XRP’s full potential, especially given its historical market standing.
Source: timestabloid.com
