XRP News Today: XRP Reaching $10 Could Boost Ripple's Value by $285 Billion

Ripple and its co-founder Chris Larsen stand to gain immensely if the price of XRP reaches $10. According to a recent analysis by crypto commentator Abraham Liim, Ripple's escrow holdings of 36.208 billion XRP would be valued at approximately $362.08 billion, marking a substantial increase of nearly $285 billion. This valuation would position Ripple as one of the most valuable entities in the cryptocurrency space, potentially rivaling other major players in the industry.

Chris Larsen, the co-founder of Ripple, would also see a dramatic increase in his personal wealth. His holdings, which include a significant amount of XRP, would surge to around $26.43 billion. This would place Larsen among the wealthiest individuals in the world, further cementing his status as a key figure in the cryptocurrency industry.

Ripple's escrow strategy, implemented in 2017, involves locking up the majority of its XRP in escrow and releasing 1 billion XRP monthly. This approach provides market transparency and prevents sudden surges in available supply, giving Ripple significant exposure to any future price increase. Liim emphasized that both Ripple and Larsen could benefit tremendously if XRP appreciates significantly. By December 2024, Larsen’s net worth had surged by almost $6 billion, due to XRP’s growth after Donald Trump’s election victory. The asset’s price kept climbing until January, adding more to the co-founder’s net worth, and Liim expects a similar situation to play out soon.

Analysts, including DK64Trades, have suggested that XRP could break above $10 in the current market cycle. This assessment is based on technical signals from the XRP dominance chart, which measures XRP’s market share relative to the rest of the crypto market. According to Liim’s data, XRP has a maximum supply of 100 billion tokens. Of that, 63.76 billion XRP are in circulation, with another 36.2 billion locked in escrow.

Liim’s summary highlighted the massive value shift that could occur with a price rise to $10. He estimated that Ripple’s escrow would grow in value by $285 billion and Chris Larsen’s holdings by $20 billion compared to current valuations. This discussion comes amid growing attention on XRP’s institutional role and its long-term viability as a global reserve currency. The token’s utility in cross-border payments and Ripple’s enterprise-focused adoption strategy all contribute to its appeal, making the $10 prediction feasible.

Whether or not XRP reaches the $10 mark, the potential upside for Ripple and Larsen remains considerable, given their substantial stake in the asset. The potential for XRP to reach $10 is a topic of debate among analysts. While some experts predict that XRP could achieve this milestone in the near future, others remain skeptical. The price of XRP is influenced by various factors, including market demand, regulatory developments, and technological advancements. If XRP were to handle a significant portion of global transactions, its price could potentially rise to $10 or higher. However, achieving this level of market penetration would require substantial growth and adoption, which may take time.