A recent debate has emerged in the cryptocurrency community regarding the potential of XRP to become the most valuable digital asset globally, with a speculative projection suggesting its price could soar to an astonishing $473,000. This bold forecast, articulated by crypto analyst Costa, hinges on the anticipated tokenization of global assets, which is expected to gain momentum by 2030.
Costa’s projection ties in with Ripple’s assertion that about 10% of the world’s assets could be tokenized by the end of the decade, a vast market that could amount to approximately $50 trillion. The analyst stated that if just 10% of global assets were to be tokenized on the XRP Ledger (XRPL), XRP could experience unprecedented demand, potentially leading to a dramatic increase in its market cap.
To illustrate his point, Costa conveyed that for every $10 billion influx into XRPL, expectations would rise that XRP’s market cap could increase by a staggering 516 times. Based on his analysis, such an influx could propel the market cap to around $5.3 trillion, setting the stage for XRP to be valued close to half a million dollars per coin.
Costa underscored the hypothetical nature of these projections but emphasized the potential consequences of utility and supply scarcity on XRP’s future price.
However, despite the optimism surrounding long-term projections, XRP’s current market performance paints a different picture. As it trades around $2.81, recent patterns reveal a slight pullback of 0.2% to 4% over the past day, indicating that current price levels sit below XRP’s all-time highs. Key support levels are identified in the $2.75–$2.80 range, while resistance is stacked between $2.90 and $3.00.
Recent whale activity offers a glimmer of hope for bullish investors. Notably, major holders have accumulated approximately 340 million XRP tokens in the last two weeks, reflecting a commitment to the asset’s long-term potential despite ongoing selling pressures. Nonetheless, this accumulation trend is juxtaposed against reports of substantial institutional liquidations, with an estimated $1.9 billion in Ripple XRP sold since July.
Market analysts suggest that the forthcoming macroeconomic landscape might stimulate XRP’s price movements. Observations from crypto commentator Matthew Dixon indicate an emerging upside in XRP’s price pattern, especially as monetary policies are predicted to ease. He noted the anticipated 25-basis point rate cut by the Federal Reserve could inject liquidity into the market, facilitating a potential breakout above current price levels.
Even more ambitious, the analyst Egrag Crypto has suggested that XRP could target a price of $6 in the near future, provided that it sustains its current trading range and successfully breaks out.
As traders eye XRP’s live performance, maintaining a price above $2.75 remains essential. A successful breach of $3.00 could pave the way for a retest of yearly highs, setting the groundwork for a more vigorous rally into 2025.
In the broader context, the narrative surrounding tokenization could prove pivotal for XRP’s long-term valuation. If Costa’s projections for 2030 come anywhere near fruition, XRP could position itself among the highest echelons of asset classes globally.
While the idea of a $473,000 XRP appears speculative, it highlights the growing enthusiasm for tokenization and Ripple’s evolving role within the global financial landscape. For now, market participants must remain vigilant, keeping an eye on support and resistance levels, whale activity, and macroeconomic trends that could steer XRP’s journey in the coming months. As always, volatility remains an intrinsic aspect of the cryptocurrency market, urging caution and curiosity among investors.
