Here is XRP Price if its Market Cap Reaches $3 Trillion

XRP’s price could surge to $54 if its market cap records an increase of $3 trillion, as projected by certain market analysts.

The crypto market has continued to evolve, with assets recording impressive growth over the years. XRP also saw this growth following its launch in 2012. For instance, during the 2017 bull market, XRP price spiked from a low of $0.003 in January 2017 to an all-time peak of $3.31 in January 2018.

XRP’s Stunted Market Cap Growth

This rally marked an impressive 110,233% increase within a year, demonstrating the remarkable growth rate XRP witnessed. At this all-time high price, XRP’s market cap soared above $128 billion, according to data sourced by TradingView. This helped XRP secure the second spot on the list of largest crypto assets, only below Bitcoin (BTC).

However, as the broader market witnessed a correction in 2018, slipping into the bear market, XRP lost this position as its market cap continued to collapse. When the market recovered, XRP price failed to catch up, underperforming other notable assets. BTC and the rest of the market hit new ATHs in the 2021 bull run, but XRP missed out.

While other assets saw their market cap clinch new levels, XRP’s market cap saw stunted growth, relegating it to lower levels on the list of largest crypto assets. XRP now secures seventh, having been recently displaced by Solana (SOL) and USDC. However, market analysts believe XRP’s resurgence is on the horizon.

For one, they call attention to the imminent end of the Ripple v. SEC legal battle, which many say is the primary factor behind XRP’s price suppression. Amid the growing anticipation of this sudden price uptrend, projections of a higher market cap have surfaced. 

XRP Price at a Projected $3T Market Cap

Notable analyst EGRAG recently predicted that XRP’s market cap is capable of spiking to the $3 trillion mark. He presented an ascending channel pattern (“the White Channel”) that the token’s market cap has traded within since 2017. According to him, the channel’s midpoint rests on the $100 billion mark, with the upper trendline stationed at $287 billion.

#XRP Market CAP to $3T!!! 🚀 – THE WHITE CHANNEL

Once #XRP MC blasts out of "The White Channel," we're looking at a moonshot to a $3T market cap! 🌙✨

The mid-point of the channel is $100B, and the high end reaches $287B. This is where #XRP MC will propel like a rocket! 🚀💥… pic.twitter.com/QOXsyGDO2k

— EGRAG CRYPTO (@egragcrypto) May 28, 2024

If XRP’s market cap could breach the midpoint, a push toward $287 billion may be on the horizon. A breakout from this level would lead to a push above the White Channel. EGRAG sets an ultimate target of $3 trillion for XRP’s valuation, higher than the combined market cap of the entire crypto market today.

Notably, should XRP’s market cap reach this level, the token’s price will skyrocket to $54.1, assuming its circulating supply remains stable at 55.4 billion. Such a value would represent a 10,478% increase from XRP’s current price of $0.5237. Due to the magnitude of this surge, the chances remain slim, but the crypto market is known for its surprises.