XRP News Today: XRP Influencer Predicts 10,000% Gain to $240 Amid Legal and Tech Advances

Prominent crypto influencer JackTheRippler recently made a bold statement on X, asserting that the price of XRP could reach $240. This declaration has sparked significant excitement and debate within the XRP community, bringing into focus the long-standing question of XRP’s true valuation. While the $240 price point may seem unrealistic to some, a closer examination of market fundamentals, macroeconomic trends, and Ripple’s evolving legal and technological landscape suggests that such targets, though distant, are not entirely implausible.

JackTheRippler, known for his strong support of XRP and his large following on X, has frequently forecasted bullish scenarios for the digital asset. His latest prediction of a $240 valuation represents over 10,000% increase from XRP’s current market price of around $2.36. At first glance, such a prediction may appear overly optimistic. However, price predictions in the crypto space often reflect broader narratives about future utility, regulatory clarity, and cross-border financial adoption.

This is not the first time the XRP community has entertained high-value projections. Over the years, analysts and enthusiasts have speculated on XRP’s potential to transform global payments infrastructure. These projections are typically based on Ripple’s technology, including On-Demand Liquidity (ODL), the XRPL’s scalability, and partnerships with financial institutions. Ripple’s legal standing is a crucial factor in any discussion about XRP’s future price. In July 2023, U.S. District Judge Analisa Torres delivered a partial victory for Ripple by ruling that XRP is not a security when sold to the public via exchanges. This decision provided long-awaited regulatory clarity that many believe lays the foundation for institutional adoption. Despite the recent improvements, the case is not entirely closed. Should Ripple emerge fully vindicated, major financial players that had previously been hesitant could begin onboarding XRP as a core component of their cross-border payment systems.

To justify a $240 valuation, XRP would require a level of demand and utility unprecedented in today’s digital asset space. Unlike purely speculative tokens, XRP was designed with functionality in mind, specifically for facilitating fast, low-cost international transactions. Ripple’s ODL product leverages XRP to enable near-instant settlement, eliminating the need for pre-funded accounts. Financial institutions in various countries have already adopted this model and are more poised to join once legal uncertainties subside. Furthermore, recent developments surrounding the XRPL’s EVM-compatible sidechain—spearheaded by Peersyst Technology—could dramatically expand XRP’s utility within the decentralized finance (DeFi) space. By allowing Ethereum-based smart contracts to run seamlessly on XRPL, this innovation could attract developers, dApps, and liquidity to the ecosystem, driving network value.

Beyond technology and regulation, macroeconomic shifts also play a pivotal role in shaping long-term crypto valuations. With fiat currencies facing increasing inflationary pressures, institutional investors are seeking alternatives that can offer both utility and a hedge against devaluation. If XRP is positioned as both a bridge currency and a store of value, the conditions could converge in its favor. Tokenomics further supports this view. XRP has a capped supply of 100 billion coins, with a significant portion held in escrow and gradually released into the market. As adoption grows and the circulating supply tightens, scarcity dynamics could amplify price movements. High-value use cases—such as central bank digital currencies (CBDCs) interoperability, international remittances, and tokenized asset transfers—could create sustained demand, leading to exponential price appreciation.

JackTheRipper’s $240 XRP forecast is undeniably ambitious, but it isn’t devoid of logic. It’s a vision anchored in the belief that XRP will become integral to the future of finance, streamlining global liquidity, reducing friction in capital flows, and serving as the backbone for a decentralized financial system. For such a valuation to materialize, Ripple would need to triumph fully in court, achieve global regulatory recognition, and see XRP adopted at scale across banking, trade, and fintech ecosystems. Whether or not the market is “ready” for $240 XRP, as JackTheRippler suggests, is a question only time will answer. But in the ever-evolving world of crypto, where narratives can shift overnight and breakthroughs often follow long periods of dormancy, no target is truly out of reach.