The idea of the XRP price reaching $100 is usually rejected almost immediately based on arguments of market capitalization and circulating supply. On paper, this math suggests that a $100 valuation would imply a market cap of at least $6 trillion, which is a figure many consider unrealistic compared to today’s crypto market.
Still, a few XRP enthusiasts believe that such a framework does not apply to XRP. A crypto expert on
The Expert’s Argument: XRP moves value, it doesn’t store it
According to 24HRSCRYPTO, The market capitalization calculation is misleading when it is used to rate an asset like XRP, which is designed for quick settlement. 24HRSCRYPTO is an XRPL validator and avid XRP supporter who is always calling for ultra-bullish price targets for the cryptocurrency.
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In his words, market capitalization assumes an asset stores value, while a global liquidity asset moves value. XRP, from this perspective, is not intended to store trillions of dollars but to facilitate the rapid movement of capital across systems, borders and currencies.
Based on this logic, if XRP is used to release trapped capital and settle transactions at scale, the same units of liquidity can be repeatedly reused within a short period of time with huge demand. So the price reflects demand plus the level of trust placed in the system and the size of the economic weight it commands, not how much money is sitting idle.
In that framework, static comparisons of market caps are a poor indicator of what XRP might be valued at in a fully deployed global settlement role. With this in mind, 24HRSCRYPTO noted that XRP at $100 is not delusional; it is reality.
Why market cap dominates the $100 debate
The skepticism surrounding an XRP price of $100 comes from simple mathematics. At the time of writing, XRP is trading at $1.92 and is approximately 5,100% away from reaching $100. XRP currently has a circulating supply of 60.85 billion tokens, and multiplying that supply by $100 gives a market cap of $6 trillion, which is larger than the current market cap of the entire crypto market.
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Based on this angle, the market cap is treated as a hard ceiling. The assumption is that if XRP were to trade at $100, there would have to be trillions of dollars sitting idle within its market cap at the same time. That logic works quite well for XRP in theory. However, 24HRSCRYPTO believes that the logic applies to crypto assets like Bitcoin, whose primary function is to hold value, and that this assumption is flawed when applied to a liquidity-oriented network asset.
However, this statement does not guarantee that XRP can be traded at $100 without the cumulative market capitalization of circulating tokens reflecting such an amount.
Featured image from iStock, chart from Tradingview.com