XRP is currently at the center of a growing debate as analysts discuss a possible move to $100 and whether traditional market cap valuation models still apply. The expert argues that if XRP is widely used for payments and settlements, its role could shift to financial infrastructure. In that case, the value of the cryptocurrency would change are more dependent on network usage and transaction flowrather than just on market capitalization.
XRP at $100 could happen without a high market cap
In an X-post on May 24, crypto market expert Gina said argued that the value of XRP should not be assessed using traditional market capitalization models because the token was designed for that serve as a global financial infrastructureno passive store of value. According to her, XRP’s real power comes not from its price action or overall appreciation, but from the frequency with which it can be used to move money across the network.
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To illustrate her point, Gina used a hypothetical scenario where XRP trades for $100 and has done so a circulating supply of 50 billion tokens. In that case, XRP would have a market cap of around $5 trillion, surpassing that of Bitcoin and Ethereum. While that figure seems extremely high, Gina argued that market cap alone does not reflect the total value the XRP ledger (XRPL) processed daily.
She also focused on the liquidity rate of XRP. Gina suggested that if each
Based on this concept The value of XRP as a payment and settlement instrument could be much larger than what the market capitalization alone suggests. Simply put, a $5 trillion market cap only reflects the total paper value of XRP at a given price. It says nothing about how much money a network can actually process or move through repeated transactions, which Gina says it does The real value of XRP can really be measured.
Comparison of the XRP market cap argument with SWIFT
In her post, Gina compared XRP to the global banking messaging network, SWIFT (Society for Worldwide Interbank Financial Telecommunication). She noted that unlike cryptocurrencies, SWIFT has no market capitalization because it is not an investment asset. Despite this, trillions of dollars still flow through the system every day.
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Gina suggested that XRP could function in a similar way serve as a bridging tool allowing institutions to quickly settle transactions across currencies and tokenized financial products. She emphasized that XRP should not be seen in the same category as assets like gold or Bitcoin, which is often the case treated as a long-term store of value. Instead, she described XRP as infrastructure for a future tokenized economy.
In this context, Gina argued that traditional market capitalization calculations become even less important as utility-driven networks are measured by usage and throughput. She also claimed that if XRP was ever used to power even a small part of the global derivatives markets or institutional clearing systems, the market capitalization model would automatically ‘go out the window’.
Featured image created with Dall.E, chart from Tradingview.com