A $600 XRP would mean a market cap of $33 TRILLION (55B tokens × $600). For perspective:
The post on the social media platform begins by stating the fact that an XRP price of $600 would translate to a market cap of $33 trillion (55 billion tokens x $600). This is a staggering sum, especially when considering the global crypto market cap currently stands at about $2.5 trillion, gold’s total value is around $14 trillion, and the US GDP is about $27 trillion.
Chart: TradingView
Stating some reasons why such a price point for XRP is almost impossible, the post continues by mentioning the massive circulating supply of XRP. At least some members of the crypto community prefer to focus on price over volume, but even a $10 XRP would require a market cap of $550 billion, which is larger than Ethereum’s current market cap.
Moreover, XRP is designed for cross-border payments, not price speculation. Institutions use it for liquidity, not as a “moon coin.”
The post also mentions the regulatory overhang. While Ripple’s SEC lawsuit is progressing, it still casts uncertainty. According to the post, according to the post, according to the post, according to the post, according to the post, according to the post, according to the post, according to the post, according to the post, according to the post, according to the post, according to the post, according to the post, according to the post, according to the post, according to the post, according to the post, according to the post, according to the post, according to the post, according to the post, according to the post, according to the post, according to the post, according to the post, according to the post, according to the post, according to the post, according to the post, according to the post, according to the post, according to the post, according to the post, according to the post, according to the post, according to the post, according to the post, according to the post, according to the post, according to the post, according to the post, according to the post, according to the post, according to the post, according to the post, according to the post, according to the post, according to the post, according to the post, according to the post, according to the post, according to the post, according to the post, according to the post, according to the post, according to the post, according to the post, according to the post, according to the post, according to the post, according to the post, according to the post, according to the post, according to the post, according to the post, according to the post, according to the post, according to the post, according to the post, according to the post, according to the post, according to the post, according to the post, according to the post, according to the post, according to the post, according to the post, according to the post, according to the post, according to the post, according to the post, according to the post, according to the post, according to the post, according to the post, according to the post, according to the post, according to the post, according to the post, according to the post, according to the post, according to the post, according to the post, according to the post, according to the post, according to the post, according to the post, according to the post, according to the post, according to the post, according to the post, according to the post, according to the post, according to the post, according to the post, according to the post, according to the post, according to the post, according to the post, according to the post, according to the post, according to the post, according to the post, according to the post, according to the post, according to the post, according to the post, according to the post, according to the post, according to the post, according to the post, according to the post, according to the post, according to the post, according to the post, according to the post, according to the post, according to the post, according to the post, according to the post, according to the post, according to the post, according to the post, according to the post, according to the post, according to the post, according to the post, according to the post, according to the post, according to the post, according to the post, according to the post, according to the post, according to the post, according to the
