Crypto expert BarriC has explained why a XRP rally up to $1,000 is possible, even though this could mean the altcoin would have a market cap of almost $100 trillion. The expert also raised the possibility of XRP rising as high as $50,000, which he described as “absolutely possible.”
Why XRP Could Rise to $1,000
In one X messageBarriC stated that XRP will have to become extremely expensive so that it can be fractionated and allocated to every bank and financial institution worldwide. He noted that this will be the case as any bank and financial institution all over the world adopts and uses the altcoin.
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In line with this, BarriC stated that this is why a price tag of $1,000, $10,000 and $50,000 is “absolutely possible” for XRP. The expert kept repeating that XRP could reach $1,000 price target, despite how ambitious it sounds, given the altcoin’s market capitalization.
In another X messagehe stated that the altcoin could still end this year at $100 and reach $1,000 early next year. The expert admitted that quite a few things would have to happen at the same time, but everything is possible in crypto. It is worth noting that the financial expert Dr. Camila Stevenson recently reiterated BarriC’s sentiment that XRP needs to be expensive to be easily adopted by banks for higher volumes.
In the meantime, BarriC is confident that XRP adoption among banks is already taking place. He recently noted that the Swiss bank AMINA plans to use Ripple payments and, associated with it, XRP. The expert also alluded to the fact that Ripple is on track to become a Trust Bank after the crisis OCC granted this concerns a conditional approval.
Other potential catalysts for a higher price
Crypto expert X Finance bull marked a Trump stimulus and XRP ETFs as catalysts that could drive the XRP price higher. He noted that 20% to 28% of US adults now own crypto, which amounts to 50 to 65 million people with wallets and market impact. The expert then put forward the scenario in which a small percentage of the proposed $2,000 stimulus check flows to XRP.
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X Finance Bull stated that this will create billions in demand, hitting an already rising market. The expert also said that the infrastructure is in place XRP ETFs keep launching and banks will come. He added that liquidity has a utility, which is why he is confident that a significant amount of global liquidity could flow into the XRP ecosystem, leading to higher prices for the altcoin.
At the time of writing, the XRP price is trading around $1.92, up in the past 24 hours, according to facts from CoinMarketCap.
Featured image from Adobe Stock, chart from Tradingview.com