Can XRP Price Reach $10,000? Expert Explains a Unique Perspective

A cryptocurrency expert has tackled the notion that XRP could never hit a price of $10,000, stating that XRP occupies a unique position in the cryptocurrency market, making conventional valuation approaches less accurate. The expert believes that XRP is tailored for large-scale institutional transactions, suggesting that a $10,000 price point cannot be entirely dismissed in the long term.

Key Takeaways

An expert argues that XRP’s price potential could reach $10,000 due to its unique position in institutional transactions.
Traditional valuation methods for cryptocurrencies are seen as ineffective for XRP, which is focused on high-value settlements.
The collaboration between Japan and South Korea on blockchain infrastructure may have significant implications for XRP and Ripple.
XRP's efficiency in handling large transactions could justify higher price levels, suggesting a different mathematical approach to its valuation.

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Why XRP Might Achieve a $10,000 Valuation

Stern Drew, the founder and CEO of Stageyo, the first digital marketplace for stage performers, has shared his insights on the ongoing discussions surrounding XRP's future value. In a recent post on X, Drew argued that many predictions claiming XRP could never reach $10,000 are flawed because they employ incorrect frameworks and mathematical models for evaluation.

Drew suggests that XRP should not be assessed with the same criteria applied to retail-focused cryptocurrencies. He noted that comparing XRP to Bitcoin and other digital assets often overlooks their differences in scale. A single partner of Ripple, for instance, can transfer more value in one day than Bitcoin does in an entire year. This stark difference in transaction volume is crucial for understanding how the future value of XRP should be estimated.

Moreover, Drew emphasized that XRP was specifically designed for high-value institutional settlements rather than for speculative trading. Its primary purpose is to move large amounts of capital efficiently across borders. Within this framework, he believes that price predictors dismissing levels like $10,000 due to retail demand or previous cryptocurrency cycles are misguided.

He argued that if XRP is utilized for substantial institutional transactions, its lower price does not seem plausible. A higher price per token could improve efficiency by requiring fewer tokens to transfer the same value, thereby minimizing friction and expediting transactions.

Drew illustrated this idea as a distinct approach to valuation that applies to a “different league” of financial transactions. Instead of measuring a cryptocurrency's future worth through market cap, he suggests focusing on liquidity and transaction volume. From this viewpoint, the likelihood of XRP reaching $10,000 is intrinsically linked to its designed function within the global financial framework.

XRP’s Prospective Role in Global Banking

In a separate post on X, Drew highlighted a recent announcement from the Bank of Japan (BOJ), which revealed that Japan and South Korea are collaborating to develop blockchain infrastructure that subtly references both XRP and Ripple.

Although the discussions are currently private, their potential impact could be significant. The BOJ indicated that XRP holders should stay alert for upcoming developments that could mark a pivotal moment for Ripple.

It is worth noting that Ripple has already forged partnerships with some of Japan's largest financial institutions, including SBI Holdings, while South Korea has consistently invested in XRP over the years.

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XRP trading at $1.87 on the 1D chart | Source: XRPUSDT on Tradingview.com