thecryptobasic.com
WallStreetBets founder Jaime Rogozinski has used the recent $XRP surge to speculate on its potential if the broader crypto market cap hits $5 trillion.
$XRP remains one of the top gainers in the latest bull rally, soaring by over 400% within a month. Specifically, $XRP’s price surged to a seven-year high of $2.86 on December 3, a five-fold increase from its November low of around $0.49. At the time, it reclaimed the third position in the global crypto ranking.
Even though $XRP has slumped heavily below its seven-year peak, Rogozinski still believes it could surge tremendously if the broader crypto market clinches a $5 trillion valuation in 2025.
$XRP Price if Global Crypto Market Cap Reaches $5T
At the time of writing, the global crypto market is valued at $3.33 trillion. $XRP currently accounts for 3.6% of this valuation, with its market cap currently standing at $119.05 billion. According to Rogozinski’s projection, the global crypto market cap must surge by 50.15% to clinch the $5 trillion target.
If this happens, Rogozinski predicted that the price of $XRP will soar to $8, representing a surge of 263.63% from the current value of $2.2.
This dramatic surge will represent a significant return on investment for holders. For instance, investors who spend $27,500 today to acquire 12,500 $XRP would see their investment rise to $100,000 if the coin’s price hits the $8 target.
$XRP to $8 Predictions
Meanwhile, several market experts have forecasted $XRP’s potential rally to $8 if the global crypto market cap rises to $5 trillion. This estimation gained momentum earlier the year after Ripple CEO Brad Garlinghouse projected that the value of the crypto market could increase to $5 trillion by the end of this year.
Last month, prominent crypto analyst EGRAG predicted that $XRP could surge to $8.77 if Garlinghouse’s prediction materializes. Earlier this month, EGRAG noted that $XRP is capable of soaring to $8.1 as long as the coin maintains bullish momentum.
However, he emphasized that Bitcoin’s performance, particularly its potential surge to around $130,000, is a crucial catalyst for $XRP’s possible rally to the $8.1 target.
Investors Optimistic About $XRP Potential Under Trump Administration
In the meantime, investors are optimistic about $XRP’s potential under the next administration, led by Donald Trump. His unending support for the crypto industry has birthed speculations that the SEC v. Ripple lawsuit, which has negatively impacted $XRP’s performance over the past few years, could soon be resolved.
Amid this speculation, some market observers also forecasted that the U.S. SEC might approve one or multiple $XRP ETF S-1 filings next year, potentially driving the coin’s price to unprecedented levels.