Recently, a prominent cryptocurrency analyst took to social media to express strong optimism regarding the future of XRP’s market position. They believe that within a short span of two years, XRP could ascend to being one of the world’s 10 largest financial assets by market capitalization. This statement comes at a time when notable shifts in asset rankings are occurring, including silver recently eclipsing Nvidia in market cap.
As of this moment, XRP’s market cap is valued at around $127 billion, which is significantly lower than the minimum threshold of $2 trillion required to secure a position among the top 10 assets globally.
Analyst Claims XRP is Poised for Top 10 Asset Ranking
The analysis from the crypto expert, known as Bird, indicates a firm belief that XRP will find itself in the top echelon of global assets by market cap within the next two years. This bold assertion was made against the backdrop of silver overtaking NVIDIA, with silver’s market cap now at approximately $5.036 trillion, while NVIDIA stands at $4.458 trillion.
This assertion that XRP will break into the top 10 is grounded in an exceedingly bullish view of its potential, suggesting that XRP could ultimately offer greater value than a significant number of leading global companies and investments.
XRP’s current market cap of around $127 billion keeps it well outside the top 100 assets globally. At present, Bitcoin and Ethereum hold the top two spots, with Bitcoin sitting at position eight, boasting a market cap of roughly $1.929 trillion, while Ethereum ranks as number 35 with a cap of approximately $402.09 billion.
What Needs to Happen for XRP to Achieve Top-Ten Status?
The asset currently occupying the tenth position is Broadcom, which possesses a market cap of around $1.611 trillion. For XRP to realistically position itself among the top ten valuable assets, a remarkable surge in its price would be essential. Such an increase will likely hinge on a corresponding rise in its utility across various sectors.
Presently, XRP is trading at approximately $2.10 per token, a far cry from the $1.7 trillion market cap needed to top Broadcom. At its current circulating supply, achieving that market cap would necessitate XRP to reach a trading price of about $28 per token. This represents an astronomical increase of nearly 1,220% from its existing price point.
Interestingly, there is a burgeoning interest among XRP supporters and analysts projecting that XRP might one day hit this price target. Nevertheless, these forecasts rely heavily on increased adoption for cross-border transactions as well as robust demand from both retail and institutional investors. However, whether XRP can sustainably reach the $28 milestone within a two-year timeline remains a matter of considerable debate.
