The question of whether XRP can reach a price of $1,000 is a relevant topic of discussion among analysts and investors. Some experts believe this is a viable scenario given Ripple's future development.
Why a Higher Price is Necessary
Jake Claver, director at Digital Ascension Group, noted that for XRP to manage global liquidity demands, its price must rise significantly. He mentions that if XRP becomes the global standard for cross-border payments and financial settlements, such a price wouldn’t just be a dream, but a requirement.
Ripple’s Long-Term Strategy
Ripple is actively working not only on payments but is also building a full-fledged financial ecosystem. The company has acquired a crypto exchange, a broker-dealer, and a custody firm, and has partnered with global institutions like SBI Holdings, R3, and Santander. This sets the stage for Ripple to become a significant player in the digital financial world.
What About Decentralization?
Despite criticism that Ripple controls XRP, Claver argues that the XRP Ledger is far more decentralized than people realize. The network of validators includes not only Ripple but also independent institutions like universities, banks, and other trusted entities. Even organizations like the SEC are part of the broader validator discussion. This decentralization could be a key reason regulators eventually favor XRP.
According to Claver, we may see Ripple’s full vision unfold around 2026. With its licensing, global partnerships, and growing utility, XRP could step into the spotlight as a true bridge asset connecting the global financial system.