WallStreetBets founder Jaime Rogozinski has used the recent XRP surge to speculate on its potential when the broader crypto market cap reaches $5 trillion.
XRP remains one of the biggest winners of the recent bull rally, rising over 400% in a month. Specifically, the price of XRP rose to a seven-year high of $2.86 on December 3, a five-fold increase from its November low of around $0.49. At that time, it reclaimed third place in the global crypto rankings.
Even though XRP has fallen well below its seven-year peak, Rogozinski still believes it could rise tremendously if the broader crypto market reaches $5 trillion in 2025.
XRP Price When Global Crypto Market Cap Reaches $5 Trillion
At the time of writing, the global crypto market is valued at $3.33 trillion. XRP currently accounts for 3.6% of this valuation, with its market cap currently standing at $119.05 billion. According to Rogozinski’s forecast, the global cryptocurrency market cap must increase by 50.15% to reach the $5 trillion target.
If this happens, Rogozinski predicted that the price of XRP will rise to $8, a 263.63% increase from its current value of $2.2.
This dramatic increase will mean a significant return on investment for holders. For example, investors who spend $27,500 to acquire 12,500 XRP today would increase their investment to $100,000 if the coin’s price reaches the $8 target.
XRP to $8 Predictions
Meanwhile, several market experts are predicting a potential surge for XRP to $8 as the global cryptocurrency market cap rises to $5 trillion. This estimate gained momentum earlier this year after Ripple CEO Brad Garlinghouse predicted that the value…
