Crypto expert Remi has stated that a XRP rises to $1,000 is nothing major, indicating that the altcoin could easily achieve this goal. The expert also revealed why he believes XRP could rise much higher, and outlined possible use cases for the token.
Expert explains why XRP can rise well above $1,000
In one X messageRemi noted that those who think an XRP rally to $1,000 is something “big” have never been to the real world. First, he referenced the DTCC, stating that XRP cannot be less than $100 just because of the DTCC utility, as this could generate “quadrillions” of dollars. The expert is referring to the DTCC works with Ripple on its tokenization targets, which could be bullish for XRP.
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Additionally, Remi noted that the inclusion of SWIFT, tokenization, US debt, the Special Drawing Rights (SDR), and the entire banking system makes it impossible for XRP to support such use cases without slippage unless the token is worth more than $1,000. In accordance with this, he stated that if the bull cycle ends soon, then XRP likely only has a three-figure price tag. However, if the cycle continues, the altcop could rise above $1,000.
The expert also noted that XRP needs volume and adoption rate, which he said will only come with time. He stated that it will be a quick adoption. XRP is already seeing significant adoption with increased activity the XRP ledger. The total tokenized value on the network has exceeded $3 billion, according to the report data from RWA.xyz.
The CLARITY Act factor
Remi stated that as the CLARITY Act If the law is signed in July and the bull cycle ends in September, XRP will not have time to mature before the cycle ends. However, he believes the token will continue to rise as the economy slumps, and that it could rise above $1,000 by the end of 2027 instead of at the beginning of the year.
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Interestingly, the expert also raised the possibility of XRP rising to $100,000 in the near future, stating that this could happen if they made XRP an e-SDR. He stated that this would happen if the token became the settlement track for the global financial system. He doubled the e-SDR angle and predicted that XRP could rise to $5,000 overnight if the
International Monetary Fund (IMF) or the Bank for International Settlements (BIS) labels the token as an e-SDR. Remi also expressed confidence that this will eventually happen.
At the time of writing, the XRP price is trading around $1.42, up over 3% in the past 24 hours. facts from CoinMarketCap.
Featured image of Peakpx, chart from Tradingview.com