In a recent commentary, crypto expert Jake Claver outlined the potential pathway for XRP to soar to an astonishing $2,500. While acknowledging the complexities of achieving such a price, Claver emphasized that it is a feasible goal, contingent upon certain global macroeconomic events unfolding to create a supply shock that would elevate XRP’s value significantly.
During an interview, Claver highlighted that the ascent of XRP to this predicted price point will largely hinge on basic supply and demand principles rather than the existing market capitalization, which is currently a point of contention. At present, with the circulating supply standing at approximately 59.77 billion XRP, reaching a price of $2,500 would result in a staggering market cap of $149.4 trillion. This figure is about 50 times greater than the current market capitalization of the entire cryptocurrency space and nearly twice the Gross Domestic Product (GDP) of the United States.
Claver asserted that the emphasis should shift to the actual supply available for purchase in the marketplace. He pointed out that elements driving liquidity and market dynamics will ultimately influence the pricing of XRP. He also mentioned the deflationary nature of XRP, noting that around 5,000 coins are burned daily—a trend that could enhance the cryptocurrency’s value over time. According to data from XRPScan, a total of 14.2 million XRP have been burned since its inception.
This bullish projection is not an isolated opinion. Another analyst, Xena, has suggested that XRP could potentially hit $10,000, and she expressed confidence that skeptics would be as astonished by this surge as they were by Bitcoin’s tremendous growth over the years.
In further remarks, Claver hinted that a rally to $2,500 could transpire by the end of the year, suggesting the need for a reverse carry trade to activate this potential surge. Although he did not elucidate how this trade would function or which currencies would be involved, he stressed that the conditions for such a catalyst are already on the horizon.
He added that should the price rise to $2,500, XRP has the potential to sustain this level due to sufficient liquidity for counterparties engaging in transactions. Claver speculated that a significant volume of transactions made through SWIFT and other stock market operations could eventually be settled via the XRP Ledger.
As of the latest update, XRP is trading around $2.85, reflecting a nearly 2% decrease over the past 24 hours, according to data from CoinMarketCap.
