At the time of writing, XRP is trading at approximately $0.64. A monumental increase in value that has left many perplexed is required for the altcoin to reach $1,000.<\/p>\n
XRP: The Price Surge Debate<\/h2>\n
XRP now displays a small positive momentum as it moves up approximately 3.6% week-over-week and 11% month-over-month. Still, this keeps it around 80% away from its all-time high (ATH), which does raise certain questions about where this could be heading.<\/p>\n
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It is important to note that the financial blog WallStreetBulls previously asserted that the achievement of $1,000 was not merely a pipe dream, but rather a possibility that could occur within weeks or months.<\/p>\n
Crypto Tank, an influential figure in the XRP community, has reiterated this bold assertion,<\/a> contending that skeptics may be underestimating the substantial utility of the crypto in global finance.<\/p>\n Everyone saying 1k XRP is a fantasy doesn’t understand how the utility of XRP will drive price to unbelievable levels. Just to give you an idea of how high XRP will need to be I’ll give you some examples…<\/p>\n Swift does approx $5-7 trillion in daily volume….<\/p>\n \u2014 CryptoTank (@Tank2033js) September 28, 2024<\/a><\/p><\/blockquote>\n Although there are some who are optimistic, there are still numerous experts who are skeptical. It is not only improbable but also “gaslighting” for XRP to leap from a $33 billion market cap to a $100 trillion one overnight, as a vocal critic recently pointed out.<\/p>\n This degree of market valuation would surpass even the most formidable technology businesses, like Apple and Bitcoin. Apple’s market value right now is a little over $3 trillion; Bitcoin’s is almost $500 billion. For others who consider such forecasts as too aggressive, the numbers just do not add up.<\/p>\n\n