XRP News Today: XRP Price Could Reach $10,000 in 24 Months Says Digital Ascension Group

Jake Claver, the Managing Director of Digital Ascension Group, has made a bold prediction about the future price of XRP. Claver believes that XRP could reach a price of $10,000 per token within the next 24 months. This prediction is based on the idea that higher token prices make the XRP network more efficient. According to Claver, moving large sums of money on the XRP ledger becomes more efficient as the price of XRP increases. For example, at $1 per XRP, it would take 1,000,000 tokens to transfer $1 million. However, if the price of XRP were to rise to $10, only 100,000 tokens would be needed to transfer the same amount. This efficiency would continue to improve as the price of XRP increases, with a single token potentially covering a $1 million transfer if the price were to reach $1 million per XRP.

Claver's prediction has sparked debate within the crypto community. Some see it as a sign of strength and potential for XRP, while others view it as wildly optimistic. Currently, XRP is trading at around $2.24, with a market cap of approximately $131.7 billion. If XRP were to reach $10,000 per token, its market cap would swell to over $585 trillion. However, critics point out that market cap does not necessarily reflect actual liquidity, as it does not account for orders on exchanges or funds in liquidity pools.

Claver's prediction has also raised questions about the timeline for such a dramatic increase in price. To reach $10,000 per token, XRP would need to climb more than 500,000% from its current price. This would require a significant increase in demand, far greater than what has been seen in previous crypto rallies. Some in the community have expressed skepticism about the feasibility of such a rapid increase in price, while others see it as a call to buy now in anticipation of the potential gains.

Despite the skepticism, Claver's prediction has reignited talk of crypto's next big rally. Some XRP fans embrace the vision of a $10,000 price tag, while others worry that it sets unrealistic hopes. Critics also point out that such talk distracts from real issues facing XRP, such as regulatory hurdles, exchange listings, and developer growth. Overall, Claver's prediction has sparked a lively debate within the crypto community about the potential future of XRP and the factors that could drive its price to new heights.