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How much would the XRP price grow if XRP’s market cap appreciated by up to $1 trillion?
XRP has been the subject of discussions and speculations over the past few days, especially following the launch of its first pure spot-based ETF, the Canary Capital XRP ETF (XRPC). The product debuted with an impressive $58 million volume, boasting $245 million in net inflows.
XRP Down Despite Spot ETF Success
Despite the ETF’s impressive performance, XRP has declined considerably on the back of a broader market pullback. This pullback has pushed Bitcoin (BTC) below the pivotal $100,000 support. Amid the downtrend, which picked up on Nov. 11, XRP has lost $14.63 billion from its market cap, which has since collapsed to $137.12 billion.
Notably, a recovery effort from the broader market could help XRP’s prospects, possibly pushing its market cap to previous highs. For perspective, XRP’s all-time high market cap currently sits at $216.69 billion, which it attained on July 18, when the price reached a peak of $3.66.
With the current valuation of $137.12 billion, XRP has lost $79.57 since that market cap high. Meanwhile, amid suggestions of a possible recovery, we recently assessed how much the XRP price could be if it not only recovered this lost valuation but added $1 trillion more.
For context, Bitcoin is the only cryptocurrency that has ever crossed the $1 trillion market cap level. It first attained this level in February 2021, soaring to $1.3 trillion at the peak of the 2021 bull market. However, it lost the $1 trillion level as the bear market emerged, dropping to $297 billion in November 2022. Today, BTC has reclaimed the $1 trillion mark, with a current valuation of $1.92 trillion.
XRP Price if It Adds $1T to Its Market Cap
If XRP adds $1 trillion to its current market cap, its new valuation would sit at $1.137 trillion, still much lower than Bitcoin’s market cap. With 60 billion tokens currently in circulation, a valuation of $1.137 trillion would place the XRP price at a new all-time high of $18.95, edging toward the $19 region.
Interestingly, the $19 target has been a recurring theme within the XRP community. For instance, in August, market analyst Dr. Cat predicted that XRP could hit a price of $19 to $32 if the XRP/BTC ratio reclaims a range of 0.00007 to 0.00012 and Bitcoin itself claims a price of $270,000.
Meanwhile, analysts at crypto resource Changelly remain confident that XRP could claim the $19 price level. However, they do not expect the altcoin to attain this price until 2030. Specifically, Changelly analysts believe XRP could claim a maximum price of $19.62 by March 2030.
Notably, at the $1.137 trillion market cap, XRP would stand as the 14th largest asset by market cap globally, outpacing Berkshire Hathaway which has a current valuation of $1.098 trillion. Moreover, at this market cap, XRP would be larger than JPMorgan ($826 billion), Walmart ($817 billion), and Visa ($636.9 billion).
