Why Experts Believe XRP Could Reach $1,000 and Beyond

The cryptocurrency expert BarriC has shared insights on why XRP could potentially surge to $1,000, although achieving such a figure would imply a staggering market valuation of nearly $100 trillion. BarriC has even suggested that XRP could reach as high as $50,000, calling that scenario “absolutely possible.”

Key Takeaways

BarriC asserts that XRP could potentially reach prices of $1,000, $10,000, or even $50,000 if globally adopted by financial institutions.
Experts suggest that XRP's price surge depends on its ability to become fractionalized and widely accepted.
Developments in the banking sector and increases in cryptocurrency ownership among U.S. adults could act as key catalysts for XRP’s price growth.
Stimulus checks and the launch of XRP ETFs may drive significant demand and liquidity into the XRP market.

XRP

Possible Reasons for XRP's Surge to $1,000

In a recent post on X, BarriC explained that for XRP to become widely adopted, its price must rise significantly to facilitate fractional ownership, allowing it to be integrated into all banks and financial institutions across the globe. He emphasizes that if XRP is embraced universally, then prices of $1,000, $10,000, or even $50,000 are within reach.

BarriC remains optimistic about XRP's potential to hit the $1,000 target; despite the ambitious nature of the claim, he considers it feasible when factoring in the altcoin's expected market cap. He further mentioned the possibility of XRP finishing this year at around $100 and possibly reaching $1,000 in the early months of next year. While he acknowledges that numerous conditions must align for this to happen, he insists that in the world of cryptocurrency, anything is possible.

Dr. Camila Stevenson, a financial expert, has also voiced support for BarriC’s perspective, noting that for XRP to be successfully adopted by banks for larger transactions, it needs to carry a higher price tag.

BarriC points to ongoing developments in the banking sector, highlighting recent news that Swiss bank AMINA plans to start using Ripple's payment technology and, by extension, XRP. He also referenced Ripple's pathway to becoming a Trust bank, following conditional approval from the OCC.

Additional Factors That Could Drive XRP's Price Higher

Another expert, X Finance Bull, shared insights about potential catalysts that could contribute to a rise in XRP's price, including a US stimulus check and the approval of XRP exchange-traded funds (ETFs). He pointed out that approximately 20% to 28% of adults in the U.S. now possess cryptocurrencies, translating to approximately 50 to 65 million individuals with digital wallets, which could significantly impact the market.

X Finance Bull speculated that if a small fraction of a proposed $2,000 stimulus check is invested in XRP, it could generate billions in demand and further drive up prices in an already upward-trending market. He believes the necessary infrastructure is in place as new XRP ETFs launch and banks steadily adopt the cryptocurrency. He opined that liquidity is vital for utility, making him confident that a substantial amount of global liquidity could flow into the XRP ecosystem, potentially leading to higher prices for the altcoin.

At the time of this writing, XRP is trading at approximately $1.92, reflecting a gain in the last 24 hours, as reported by CoinMarketCap.

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