Reason to trust Strict editorial policy that focuses on accuracy, relevance, and impartiality Created by industry experts and meticulously reviewed The highest standards in reporting and publishing How Our News is Made Strict editorial policy that focuses on accuracy, relevance, and impartiality Ad discliamer Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio. Crypto pundit BarriC has explained why an XRP rallyto $1,000 is possible, even though it could mean the altcoin would have a market cap of almost $100 trillion. The pundit also raised the possibility of XRP rallying to as high as $50,000, which he described as “absolutely possible.” Why XRP Could Rally To $1,000
In an X post, BarriC stated that XRP will have to become extremely expensive so that it can be fractionalized and allocated to every bank and financial institution globally. He noted that this will be the case if every bank and financial institutionaround the world adopts and utilizes the altcoin. Related Reading XRP Price About $1,000 Is A Necessity, Analyst Claims 2 weeks ago
In line with this, BarriC declared that this is why a $1,000, $10,000, and $50,000 price tag is “absolutely possible” for XRP. The pundit has continued to reiterate that XRP can hit the $1,000price target despite how ambitious it sounds, considering what the altcoin’s market cap will be.
In another X post, he stated that the altcoin could still close out this year at $100 and hit $1,000 early next year. The pundit admitted that quite a few things would have to happen simultaneously, but that anything is possible in crypto. It is worth noting that finance expert Dr. Camila Stevenson recently echoedBarriC’s sentiment that XRP needs to be expensive to be easily adopted by banks for larger volumes.
Meanwhile, BarriC is confident that the XRP adoption among banks is already happening. He recently notedthat Swiss bank AMINA plans to start utilizing Ripple payments and, by association, XRP. The pundit also alluded to the fact that Ripple is on course to become a Trust bank after the OCC grantedit a conditional approval. Other Potential Catalysts For Higher Price
Crypto pundit X Finance Bull highlighteda Trump stimulus and XRP ETFs as catalysts that could drive the XRP price higher. He noted that 20% to 28% of U.S. adults now own crypto, equating to 50 to 65 million people with wallets and market impact. The pundit then raised the scenario in which a small percentage of the proposed $2,000 stimulus checkflows into XRP. Related Reading Here’s Why The XRP Price Keeps Crashing 2 days ago
X Finance Bull declared that this will create billions in demand, hitting an already rising market. The pundit also mentioned that the infrastructure is in place as XRP ETFskeep launching and banks are onboarding. He added that liquidity finds utility, which is why he is confident that a significant amount of global liquidity could flow into the XRP ecosystem, sparking higher prices for the altcoin.
At the time of writing, the XRP price is trading at around $1.92, up in the last 24 hours, according to datafrom CoinMarketCap. XRP trading at $1.92 on the 1D chart | Source: XRPUSDT onTradingview.com Featured image from Adobe Stock, chart from Tradingview.com