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In a viral video in the crypto community, XDC Foundation software developer Quincy Jones offered a thought-provoking take on the potential future value of XRP.
Jones argued that the token could reach astonishing price levels, depending on the amount of assets issued on its network. He explained that XRP serves as a financial instrument of liquidity between other assets like bonds, stocks, and currencies, which could significantly increase its value as more assets are transacted on its system.
XRP Could Reach $100, $100,000, or even $1,000,000
He emphasized that XRP’s value is directly tied to the volume of equity and debt issued on its network. The more financial instruments it supports, the higher its potential worth. Jones noted that XRP could theoretically reach $100, $100,000, or even $1,000,000, depending on the scale of transactions conducted on the platform.
Using a hypothetical example, Jones suggested that if $100 trillion worth of equity and $500 million in debt were issued on the XRP Ledger, the demand for liquidity could drive its price upward.
Ultimately, Jones stressed that any prediction of XRP’s future price is speculative. He believes the sheer volume of value that could be issued through the network is nearly incomprehensible, leaving XRP’s potential growth open to unimaginable heights.
Although it has been some time since Jones made this bullish commentary, crypto community members continue to resurface the video periodically. Notably, they do so to give XRP proponents more reasons to be optimistic about the token’s future.
Crypto personality Robert Doyle, known as “Crypto Sensei,” recently resurfaced the video and emphasized the role of increased institutional adoption of XRP and the XRP Ledger (XRPL) as key factors for XRP to soar to $100, $100,000, or even $1 million.
Doyle agreed with Jones that XRP’s value is tied to the liquidity of the assets it facilitates. As more assets—like bonds and tokens—are issued on the XRPL, XRP’s value could increase to manage this growing volume.
XRP to $10,000 is “Realistic”
Meanwhile, other ambitious XRP community members have found additional reasons to believe that lofty highs like $10,000 are attainable for XRP.
In a May podcast, crypto founders Edoardo Farina and Versan Aljarrah argued that a $10,000 price for XRP is realistic and “inevitable.” They suggested that central banks and major institutions, like the IMF, might “set” a high initial price for XRP, akin to an IPO, to ensure its effectiveness as a settlement mechanism for large transactions.
They believe XRP’s technology and growing adoption will enhance its liquidity, making high targets like $10,000 necessary for widespread acceptance.
On the other hand, Crypto Sensei projected that XRP could reach $10,000 if adopted by BRICS nations as a reliable settlement currency, reducing dependency on the U.S. dollar.
Doyle also pointed to Ripple’s expanding partnerships with major financial institutions as evidence of XRP’s increasing relevance in the global settlement market.
“God” Inspired $10,000 XRP Forecast
Interestingly, Brandon Biggs, a Christian prophet known for accurately predicting an assassination attempt on Donald Trump, claimed that God revealed to him that XRP would someday soar to $10,000.
In a viral video, Biggs shared that he prayed for guidance on significant investments for the future and felt led to XRP. He stated that God told him XRP’s value would rise in a way similar to Apple stock.
Market Realities of a $10,000 XRP
However, these ambitious XRP forecasts often fail to acknowledge the extraordinary market valuation that would be required to reach such audacious price targets.
Currently, XRP is valued at around $0.58, with a market cap of $58 billion. For XRP to hit $10,000, its market cap would balloon to an astronomical $1 quadrillion. This raises questions about the potential value of other high-value assets in such a scenario.