Crypto commentator Abraham Liim explored the possible financial implications for Ripple and its co-founder Chris Larsen if XRP reaches $10, amid growing interest in the asset.
Financial Prospects for Ripple at XRP Growth
Liim estimated that if XRP were to reach $10, Ripple's escrow holdings would be valued at $362.08 billion, and Chris Larsen's net worth would surge to $26.43 billion. He noted that while Ripple did not create XRP, significant amounts of tokens were distributed to the company and its founders.
Ripple's Escrow Strategy
Since 2017, Ripple has locked up the majority of its XRP in escrow, ensuring market transparency and preventing sudden supply surges. Liim emphasizes that both Ripple and Larsen could benefit greatly if the token appreciates.
Analysts Expecting XRP Growth
Liim referenced analyst DK64Trades, who suggested that XRP could break above $10 in the current market cycle based on technical signals. XRP has a maximum supply of 100 billion tokens, with 63.76 billion in circulation.
The latest discussions reflect considerable potential for both Ripple and Chris Larsen with a possible increase in XRP price, underscoring the importance of market monitoring and long-term asset analysis.
