Ripple’s XRP, currently trading around $0.55, has seen a lack of significant movement, with downward trends persisting across various timeframes.
However, a bold prediction has recently surfaced, suggesting that XRP could eventually reach $125 per token. This forecast, shared by financial advisor Whiplash, is based on speculative calculations tied to the Forex market’s immense daily trading volume.
Whiplash’s prediction is rooted in a straightforward mathematical approach. The global Forex market, known for its staggering trading volume, saw $7.5 trillion in daily transactions as of April 2022, according to the Bank of International Settlements.
Whiplash proposes that if XRP were to facilitate even a fraction of this volume, its value could skyrocket to $125 per token.
Here’s the logic:
- Forex Daily Volume: $7.5 trillion
- XRP Circulating Supply: 60 billion tokens
- Predicted Value per XRP: $7.5 trillion / 60 billion = $125 per token
This speculation suggests that XRP could reach this price point if it handles significant Forex transactions, requiring sufficient liquidity to process such volumes.
XRP Holders Can Earn ‘$100,000 Per Day’
Whiplash further suggests that instead of selling XRP at such high prices, holders could consider staking or lending their tokens.
He speculates that with XRP at $100 per token, owning 1,000 XRP could generate $100,000 per day through staking, assuming a 100% return—although actual returns would likely be much lower, comparable to interest on loans.
This strategy could enable XRP holders to capitalize on the token’s value without liquidating their assets, potentially enhancing XRP’s long-term viability and market appeal.
Despite the optimism surrounding this prediction, many in the financial community view it with skepticism. Critics argue that it’s unrealistic to expect XRP to capture a dominant share of the Forex market, given the complexity and diversity of global financial transactions.
Furthermore, the idea of XRP reaching $125 based on this scenario is seen by some as overly optimistic, if not entirely implausible.
Moreover, while the concept of staking XRP at such high values may sound appealing, it assumes perfect market conditions and widespread adoption that may not materialize.
Bold Ripple (XRP) Price Predictions
The notion that XRP alone could facilitate the entirety of the Forex market’s $7.5 trillion volume is also a point of contention, with critics dismissing it as overly ambitious.
Zach Humphries, a well-known technical analyst in the crypto community, has criticized some of the more ambitious XRP price predictions, such as the claim that XRP could reach $57 in the current bull run.
Humphries argues that these predictions are unrealistic, given the significant market cap growth required to achieve such prices. For instance, reaching $57 would mean a 9,400% increase from XRP’s current price, elevating its market cap to over $5.6 trillion—nearly twice the valuation of Apple.
Humphries believes that while XRP has long-term potential, predictions of prices above $50 overlook the extraordinary implications of such growth.
