Is $10 the Right Price Target for XRP? Expert Proposes Higher Institutional Goals

Crypto expert XRP Queen argues that a price target of $10 for XRP is too low, emphasizing that this figure reflects retail investors' perspectives. She proposes that the altcoin's value could rise significantly from an institutional viewpoint, potentially reaching $100. Complementing her insights, Steven McClurg, CEO of Canary Capital, also suggests that the real utility of XRP positions it well for substantial growth in the trillion-dollar market of real-world assets.

Key Takeaways

XRP Queen believes $10 is a low target for XRP, indicating that institutional investors could see much higher values.
Ripple's acquisitions and integrations with banks are setting the stage for XRP as a solution for global real-time settlements.
XRP could potentially reach $100 according to institutional analysis.
Canary Capital's CEO suggests that current price targets are minimal compared to the liquidity needed for global asset settlements.
The current XRP price is around $1.95, reflecting recent fluctuations.

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A Low Price Target for XRP?

In a recent post on X, crypto analyst XRP Queen expressed that the anticipated price of $10 for XRP is insufficient, as it reflects the expectations of retail investors. She believes that Ripple, the company behind XRP, is aiming for broader global infrastructure. Her statement highlights Ripple's strategic moves, including its recent acquisitions related to payment systems and custody frameworks.

XRP Queen pointed out that Ripple’s partnerships with banks, funds, and various institutions position the altcoin for real-time global settlements. She is optimistic about the regulatory clarity Ripple has achieved, laying a bullish foundation for XRP's price increase. Additionally, she mentioned that Ripple is striving to acquire a full banking license and has received conditional approval from the Office of the Comptroller of the Currency (OCC).

The expert noted that Ripple’s strategic initiatives establish a robust financial infrastructure. She added, “Systems don’t operate in small increments; they move in significant scales. Lock in,” suggesting that XRP’s potential price could reach $100. While some mock this price prediction, XRP Queen insists that institutional perspectives value the asset as vital infrastructure, which could lead to substantial price appreciation as XRP gains traction in global transactions.

Canary Capital CEO’s Positive Outlook for XRP

In a YouTube video, crypto enthusiast Cheeky Crypto highlighted remarks from Steven McClurg, CEO of Canary Capital. He explained that while a price target of $5 to $10 might seem impressive to retail traders, these numbers are minimal when compared to the trillions of dollars in liquidity necessary to manage global real-world assets (RWAs) efficiently.

Cheeky Crypto emphasized McClurg’s assertion that the XRP Ledger is already engaged in real financial transactions and demonstrates genuine use cases that attract institutional interest. The Canary Capital CEO has also projected that XRP will likely play a dominant role in the RWA sector, which could escalate into a trillion-dollar market. This growth could enhance XRP's utility, resulting in a rise in its price as more RWA transactions occur through the XRP Ledger.

As of now, XRP is trading at about $1.95, having seen a decrease over the past 24 hours, according to information from CoinMarketCap.

XRP XRP trading at $1.92 on the 1D chart | Source: XRPUSDT on Tradingview.com