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A new XRP market cap multiplier model shows how much buy volume would be necessary to send the XRP price soaring to $90.
The model, which is still in development and its raw form, illustrates the predominant belief among XRP proponents that XRP’s market cap could grow astronomically with modest capital inflows. It also shows just how powerful capital inflows can be when liquidity is limited.
XRP Surged to $90 with $10B in Buy Orders
Phil Kwok, the co-founder of EasyA, unveiled the tool in a recent disclosure. In a particular scenario, he used a $10 billion input to test XRP’s response. Notably, at the time of the simulated buy, XRP traded at $2.97, with a total supply of 59.3 billion tokens, which put its market cap at $176.1 billion.
Large Buy Orders with Thin Liquidity Could Catapult XRP to Higher Targets
Interestingly, Dom, a well-known analyst who studies order books closely, has pointed to this pattern for years. In late 2023, when XRP still traded below $1, he predicted that just $1 billion of buy pressure could push the price up by several dollars.
Dom encouraged traders to look directly at the order book depth to see how little resistance existed beyond the early price levels.
Meanwhile, last December, when XRP surpassed $2, Dom pointed to the same mechanics behind the sharp price spike. He explained that thin liquidity allowed for steep, almost vertical price jumps as soon as serious buy pressure arrived.
The market expert noted that most XRP holders set extremely high price targets and likely won’t sell even after big rallies, which only adds to the supply squeeze. He expected XRP to peak only when a flood of selling reappears.
Moreover, three months back, Dom shared a real-time example that showed the multiplier model in action. Specifically, he tracked $61 million in net buying pressure across top exchanges over 13 hours.
Ever wondered how much money it takes to cause a 16.6B increase in $XRP market cap?
Since I am tracking every trade on all major spot exchanges, I have the exact $ figure
61M USD. Thats the net market buying pressure we saw over the last 13 hours.
So yes, 61M USD of buy… pic.twitter.com/XDt6FMB0g9
— Dom (@traderview2) May 12, 2025
Notably, this buying pressure added $16.6 billion to XRP’s market cap, resulting in a real-world multiplier of 272x. Highlighting this important instance, Dom stressed that market cap figures often mislead investors who don’t understand how liquidity impacts price moves.