XRP has the potential to reach higher price levels if it maintains its market dominance when the total crypto market cap hits $10 trillion, $50 trillion, or $100 trillion.
The global crypto market now stands at about $3.8 trillion, and analysts believe it still has plenty of room to grow. If this happens, it won’t just be Bitcoin benefiting. Notably, altcoins like XRP could also see major gains, especially if they keep their current share of the market.
Among the analysts making ambitious predictions for the broader crypto market is Benjamin Cowen, founder of Into The Cryptoverse. Specifically, he once used his logarithmic regression models to forecast that the market could climb to around $10 trillion.
Also, Raoul Pal, CEO of Real Vision and a former Goldman Sachs executive, expects the crypto industry to attract around four billion users by 2030, or about half the world’s population. Pal believes that this level of adoption, along with ongoing currency debasement, could drive the total market cap to around $100 trillion between 2032 and 2034.
Right now, with the total crypto market valued at $3.8 trillion, XRP holds a market cap of about $158.35 billion and trades near $2.60. This gives the token a 4.17% share of the overall market.
If the total crypto market climbs to $10 trillion and XRP maintains that 4.17% share, its value would jump to roughly $417 billion. With a circulating supply of 60 billion tokens, XRP’s price would rise to about $6.95, nearly touching the $7 mark.
Interestingly, several market watchers already believe XRP could be on its way to the $7 price. For instance, analyst Crypto Bitlord recently argued that expecting XRP to reach $7 no longer seems like a gamble.
Meanwhile, if the total market grows to $50 trillion and XRP keeps its share, its market cap would reach about $2.085 trillion, which translates to a price near $34.75 per token. This projection aligns with chartist CryptoInsightUK, who believes XRP could reach $35 next year if its current bullish setup holds.
Also, if the total market skyrockets to $100 trillion, XRP’s market cap could surge to $4.17 trillion, pushing its price close to $69.50, just shy of $70.
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