XRP had a strong start in 2023, surging from below $0.3 to over $0.43. In 2024, there was a significant drop of over 20%. But research suggests a potential shift from a bearish trend to a bullish one – check it out!
XRP Price to Hit $771 If the conditions are met?
The potential for XRP to reach $771 is based on the analysis conducted by the Athey and Mitchnick research calculator. This calculation is based on the bullish scenario where XRP captures 20% of the projected $50 trillion XRPL (XRP Ledger) volume, as predicted by Graham Rodford, the CEO of Archax.
Graham Rodford’s projection suggests that by Q4 of 2025, the XRP Ledger could process a staggering $50 trillion in volume. This target is fueled by the growing institutional adoption of blockchain technology and the increasing trend of real-world asset tokenization.
If XRP were to capture a significant portion of this projected volume, it would substantially boost the adoption and demand for the cryptocurrency. The Athey and Mitchnick research calculator was then employed to estimate the potential price appreciation of XRP under these conditions.
Calculating XRP’s Potential Price
The key parameters considered in the calculation include the assumption that XRP captures 20% of the $50 trillion volume, amounting to $10 trillion. This represents an extraordinary 8,233% increase from XRP’s current average daily volume of $1.2 billion.
Factors such as the frequency of transactions, XRP’s store of value, projected to hit within two years, and the circulating supply (projected at 58.8 billion tokens by December 2025) were considered.
The conversion rate of future cash flows into their present value was set at 5%, a standard default rate. Based on these inputs, the Athey and Mitchnick calculator arrived at a speculative estimate of $771.70 as the potential price of XRP at a volume of $10 trillion. To put this into perspective, XRP is currently trading at $0.5072.
It’s important to note that the $771 price is purely speculation, and an immense rise of 151,911% would be needed to reach that level. However, as of now, this evaluation is just a guess, but it gives you an idea of where the price of XRP might go if the hopeful $50 trillion XRPL volume prediction comes true.#Write2Earn #TrendingTopic #TrandNTell $XRP
