Recent discussions in the crypto community have turned to the potential of XRP, especially as its use cases expand beyond simple payment solutions. Analyst Pumpius has sparked interest by suggesting that XRP could ascend to a staggering $10,000, pointing to emerging technologies and frameworks that could redefine its utility.
Unlocking the Future of XRP: Beyond Payments
In a recent social media post, Pumpius emphasized that the world is moving towards integrated systems of digital identity, where XRP can have an influential role in shaping how these identities function. He noted the increasing recognition from governments and major financial institutions that a standardized digital ID will be essential for transactions in tomorrow’s economy, and this ID could even extend to biological identifiers.
Pumpius described how biometric data could form a critical “trust layer” in financial transactions. The uniqueness and permanence of such data, he argues, make it ideal for secure digital commerce. He drew attention to the robust capabilities of the XRP Ledger, suggesting it has the necessary infrastructure to support this transformative potential.
Moreover, he brought to light the ongoing work surrounding the DNA protocol, which is already in motion on the XRP platform. Unlike speculative ideas, Pumpius asserts that this initiative is tangible and could significantly enhance the applicability of XRP in the financial ecosystem. The prediction is that a whopping $100 trillion in real-world asset tokenization is on the horizon, and if biometric solutions become the standard for KYC (Know Your Customer) procedures, XRP could emerge as a primary settlement solution.
As a result, Pumpius envisions a surge in demand for liquidity in XRP, asserting that such demand would disrupt conventional price models fundamentally. He confidently asserts that if the market adopts these innovations, XRP won’t just inch towards $10 but could also potentially escalate into five figures, echoing his bold $10,000 price target.
Contrasting Views: The Skeptics
Conversely, analyst Jaydee expressed skepticism about XRP reaching the $10,000 mark. In a pointed social media update, he cautioned investors to remain wary of overly optimistic influencers predicting such high valuations. According to Jaydee, these influencers may mislead investors, while experienced analysts reap significant gains in shorter time frames.
Further reinforcing his viewpoint, Jaydee also claims that XRP will struggle to even reach the $1,000 milestone. He indicated that relying on optimism around Ripple’s banking license ambitions could lead to disillusionment. He argues that those betting on significant price hikes based on regulatory changes may be setting themselves up for disappointment.
As of now, XRP is trading at approximately $2.92, showing a slight decrease of over 2% within the last 24 hours, according to CoinMarketCap data.
