John Squire's analysis presents a hypothetical model considering the potential valuation of XRP should the XRP Ledger (XRPL) secure a significant share of the tokenized real asset market by 2026.
Scenario and Assumptions
According to Squire's model, the total tokenized RWA market might reach $70 billion by 2026. If XRPL captures 20% of this market, it would amount to approximately $14 billion. The current RWA value associated with XRPL stands at $302.4 million.
Market Capitalization and Price Calculation
Using XRP's current market capitalization of $172.6 billion and the market cap-to-RWA ratio, Squire estimates the new market capitalization to be around $7.99 trillion. This is based on maintaining a consistent ratio between RWA value and XRP's market cap. Given a circulating supply of 59.41 billion XRP, the estimated price would be approximately $134.50 per token.
Significance of Projections
Squire emphasizes that the analysis is grounded in mathematical extrapolation rather than speculative enthusiasm. The projections highlight the importance of monitoring actual XRPL utilization patterns in relation to price trends.
The hypothetical model presented by John Squire offers a framework for considering the potential price of XRP if XRPL plays a major role in the tokenized asset market by 2026. The projection of $134.50 underscores the growing importance of the RWA sector and blockchain platforms in capturing that value.
