In a recent video, crypto expert Jake Claver shared his opinion on the potential rise of XRP to $2,500. He emphasized the need for specific economic conditions to achieve such a price.
Economic Factors and Absence of Speculation
Claver stressed the necessity of global macroeconomic changes to reach a price level of $2,500. He noted, "Many people say that it’s just a flip of a switch. Get out of here with that stuff."
Supply and Demand Dynamics
Claver explained that while critics point to XRP’s market cap as a limiting factor, what truly matters is the available supply for purchase, which determines liquidity. He believes that a significant price jump would only be possible if the available supply of XRP on the open market were drastically reduced.
Unique Supply Structure of XRP
Claver highlighted that unlike many cryptocurrencies, XRP has a fixed supply of 100 billion tokens, and there is no possibility of creating new tokens. He also pointed out that XRP has a built-in deflationary mechanism, where around 5,000 tokens are burned daily through transaction fees.
Thus, the possibility of XRP reaching $2,500 requires not only a limited supply but also significant changes in the global economy and the adoption of XRP as a tool for interbank settlements.
