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EGRAG, a prominent financial analysis firm, has predicted that the market capitalization of the could reach an unprecedented level of $997 billion. This prediction reflects a potential price surge to around $18 per XRP, a significant increase from its current price of $0.7325 as of today.
XRP’s market capitalization currently stands at $37.2 billion, making it the fifth most valuable cryptoasset. EGRAG’s forecast suggests that XRP could repeat its previous rally from 2017 to 2018, albeit at just 7% of the previous rate of appreciation. If this prediction holds true and the XRP market cap increases by 7,070%, it could reach the predicted $997 billion. This would result in an XRP price of $18.6 if the circulating supply remains stable at 53.5 billion.
For comparison, the market capitalization of is currently $717 billion, while those of and are $231.4 billion and $86.2 billion, respectively. Despite a recent drop in value, XRP trading volume stands at a significant $1.8 billion, with an increase of 14.7% over the past week.
Looking back at the history of XRP, in January 2017, its market capitalization was only $110.5 million when the price collapsed to $0.0030. However, it recovered over the course of a year, reaching an all-time high of $3.3170 in January 2018. This surge led to a massive increase in XRP’s market capitalization, which reached $128.4 billion , marking an increase of 140,140%. Despite this success, XRP ultimately crashed from this peak, resulting in a loss of $33.58 billion in market capitalization.
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