A top XRP community voice has debunked the idea that XRP could realistically reach a target of $1,000 per token.
Rosa, a member of the XRP community, recently took to X to argue that the $1,000 price prediction for the token is unrealistic. According to Rosa, it is mathematically impossible for XRP to rally to that ambitious target.
Given XRP’s supply of 100 billion tokens, Rosa emphasized that its market cap would explode to $100 trillion if the $1,000 price materializes. She noted that the projected $100 trillion market cap would be ten times larger than the current global GDP.
At $10, XRP will have a market cap of $1 trillion, which is less than Bitcoin’s valuation. As a result, she warned other XRP investors to be cautious of overly ambitious predictions.
As expected, some community members pushed back on Rosa’s claim, arguing that market cap is not a strict barrier limiting how high an asset can rally. One community member, “FutureXRP,” said XRP does not require $100 trillion in new money to reach the $100 trillion valuation.
The user also argued that while the market cap of oil is up to $300 trillion, that information is not documented because it is irrelevant since oil is treated as a commodity. Therefore, they urged Rosa and other community members to adopt a similar approach for crypto assets like XRP.
Responding, Rosa said that while market cap may not be a direct indicator for price, it does reflect an asset’s size and demand. She emphasized that XRP would require substantial demand to reach the $1,000 target.
The discussions surrounding the XRP $1,000 price projection have become a recurring theme in the XRP community, thanks to speculation that XRP would play a significant role in the global financial system.
Earlier this month, Black Swan Capitalist co-founder Versan Aljarrah set $1,000 as XRP’s bear target if the token is leveraged as a bridge asset for global financial infrastructure.
Popular community member Armando Pantoja believes there would be a full-blown FOMO should XRP reach the $1,000 price. In his view, several investors would be struggling to own as little as 1 XRP in their portfolios.
Meanwhile, some commentators have offered a ten-year timeline for XRP to reach $1,000. As of today, XRP trades at $2.85 with a seven-day decline of 8.31%. From the current price, it must rise 34,987% to reach $1,000.
Read more on The Crypto Basic – Bitcoin, Cryptocurrency, DeFi Topics And News
