In a recent post on X, the popular account All Things XRP examined the price potential of XRP and rebutted the common myth that the token's price is limited by its market capitalization.
All Things XRP's Approach to XRP Prices
The All Things XRP account dismissed the claim that XRP cannot reach $10 due to the need for a trillion-dollar market cap. They emphasized that market cap is merely a snapshot and not a price limiter. The key idea was to reshape how investors perceive price ceilings in cryptocurrency, especially for tokens like XRP.
The Role of Utility and Scarcity
The primary argument hinged on the belief that utility should drive value. XRP, designed for quick transactions, already operates in an infrastructure where demand is tied to function rather than speculation. If demand outpaces token circulation, especially considering escrow mechanisms and ongoing token burns, supply pressure could increase, theoretically lifting prices.
Growth Prospects Amid Regulatory Clarity
The third factor presented was macroeconomic conditions. Regulatory clarity in the U.S. acts as a major catalyst for growth. Ripple has dropped its cross-appeal against the SEC, and the crypto market is awaiting a similar move from the SEC. All these developments open doors for wider institutional adoption and growth.
Thus, the expert from All Things XRP believes that with global demand, a price of $10 for XRP is not a fantasy, but a logical outcome of current conditions.
