- An influencer suggests XRP could reach $125 per token by leveraging OTC Forex market volume in value calculations.
- Ripple’s legal victory strengthens XRP’s position, ensuring its non-security status despite potential SEC appeals.
Crypto influencer Whiplash347 recently garnered a lot of attention with a tweet about the possible value of each XRP token. In his tweet, he asked a question that piqued many people’s interest: “How much could each XRP token be worth?”
According to Whiplash347, with a maximum supply of 100 billion XRP tokens and approximately 60 billion now in circulation, the value of each token may be significantly higher than its current market price.
How much could each XRP token be worth?
There is a maximum supply of 100 billion XRP tokens possible. Currently there are about 60 billion in circulation.
Trading in OTC (Over The Counter) FX (Forex-Foreign Exchange) markets reached $7.5 trillion per day in April 2022. (source:… pic.twitter.com/eAFsi9UDrV
— Whiplash347 (@Whiplash437) August 17, 2024
Maximizing XRP Potential Through Staking and Lending
He cited Bank of International Settlements data, stating that in April 2022, trade in over-the-counter (OTC) forex markets reached an incredible $7.5 trillion per day. Using this amount, he proposed a simple computation in which each Ripple token might be valued at $125 by dividing $7.5 trillion by the 60 billion tokens in circulation.
This estimate, while completely theoretical, has piqued the interest of XRP holders and potential investors alike.
However, Whiplash347 stressed that selling the token may not be the most advantageous option. Instead, he advised that holders lend or bet their XRP to facilitate transactions, which might be far more profitable in the long run.
For example, he said that if you owned only 1,000 XRP, each worth $100, you could potentially make $100,000 every day if the whole value of the coin was returned through staking or lending. This type of return may be modest, similar to earning interest, but it demonstrates the enormous potential of XRP as a financial asset.
As of the time of writing, the price of the Ripple token was about $0.5782, up 1.07% over the last 24 hours. The trading volume has also increased by 90%, hitting $1.132 billion, demonstrating significant interest and activity in the token.
On the other hand, there has been significant legal progress concerning XRP’s regulatory position. Previously, CNF reported that Ripple’s chief lawyer, Stuart Alderoty, pledged that XRP’s non-security status would be maintained even if the SEC elected to appeal the current court decision.
Judge Analisa Torres found that secondary XRP sales were not securities, creating a key precedent in the crypto business. This decision has increased confidence among XRP holders and laid a solid foundation for the token’s future.
Looking ahead, XRP is expected to reach $0.63 in the near future, with confidence remaining high as XRP supply on various exchanges continues to drop. Other analysts are even more enthusiastic, predicting that XRP will reach $80 by 2025, citing historical cycles and the possibility of widespread adoption.
This speculation adds to the general enthusiasm and anticipation for XRP, which remains one of the market’s most carefully watched cryptocurrency.
