XRP news today: XRP Could Surge 48,600% to $1,000 in a Decade, Says CryptoGuard COO

CryptoGuard Chief Operating Officer Matthew Brienen has expressed significant optimism regarding the future of XRP. During the inaugural episode of the “Ask Matty Show,” Brienen asserted that XRP has the potential to reach a high of $1,000. This prediction comes at a time when XRP remains the fourth-largest cryptocurrency by market capitalization.

Brienen revealed that half of his personal cryptocurrency holdings are in XRP. While he did not disclose the exact number of tokens he owns, he mentioned that he began purchasing XRP incrementally starting from 2020. His confidence in XRP's potential is evident in his long-term investment strategy.

In the short term, Brienen aims to liquidate a significant portion of his XRP holdings within the next few years. He identified the 2024-2025 bull cycle as a likely period for taking profits and reducing his exposure to the cryptocurrency. However, he plans to retain a smaller portion of his XRP holdings for an additional five to ten years, banking on the increasing adoption of XRP in cross-border payments to drive its price higher. Brienen highlighted that XRP transactions are swift, settling in under five seconds, and costing only a fraction of a penny.

Brienen's long-term forecast for XRP is ambitious. He predicts that the cryptocurrency could climb to between $100 and $1,000 within the next decade. Given that XRP was trading around $2.05 at the time of his comments, reaching $100 would require a jump of approximately 4,770%, and hitting $1,000 would mean a surge of roughly 48,600%.

If XRP were to reach $100, its market capitalization would increase to around $5.84 trillion, assuming the circulating supply remains constant. If it were to reach $1,000, its market capitalization would soar to nearly $58 trillion. These values would place XRP's worth far beyond the current global economy. Despite the enormous climb needed, Brienen believes that the $1,000 goal is achievable, citing XRP's technology and speed of payment as potential drivers for long-term growth.