The price of 1 XRP could skyrocket to double-digit figures if XRP grows to reach the valuation of JPMorgan Chase, the world’s largest bank by market cap.
XRP has come a long way from its humble beginnings in terms of its market capitalization. The asset, which had a market cap of around $330 million ten years ago, per CoinMarketCap data, now boasts a valuation of $127 billion, making it the fourth-largest crypto asset by market cap.
XRP’s Market Cap Struggles
The rise from $330 million in March 2015 to the current figure of $127 billion represents a 38,384% increase in XRP’s market cap over the past ten years, buoyed by a spike in price action with a minor contribution from the asset’s inflation rate.
Despite the impressive growth within this timeframe, most XRP proponents believe the asset is largely undervalued. They often point to the SEC vs. Ripple case, which has lasted for over four years, as one of the factors suppressing XRP price action and, by extension, its market cap growth. However, speculations of a settlement have emerged of late.
Amid the bullish sentiments triggered by this potential settlement, analysts have continued to make ambitious price projections. For one, some community figures like Amelia have presented audacious targets for XRP if it replicates JPMorgan’s cross-border transaction volume.
WOW! 💥
JP MORGAN MOVES 10 TRILLION EVERY DAY & IS CONNECTED TO RIPPLE’s ODL! 🤝🏼
ALONE JP MORGAN CROSS-BORDER PAYMENTS COULD DRIVE #XRP TO $1,000! 💸 pic.twitter.com/hB03W8BFTJ
— 𝓐𝓶𝓮𝓵𝓲𝓮 (@_Crypto_Barbie) November 2, 2024
XRP Price if It Reaches JPMorgan Market Cap
However, in this report, The Crypto Basic assessed what XRP’s price can be if it captures the market cap of JPMorgan. For context, JPMorgan boasts a market cap of $677 billion at the time of reporting, making it the world’s largest bank by valuation.
Meanwhile, XRP’s all-time high market cap was around $180 billion, attained in late January 2025, when it reached the $3.4 price level. However, as XRP faces a massive price correction from the $3.4 high, its market cap has declined. With the price now below $3, XRP’s valuation now stands at $127 billion.
Notably, a rise to JPMorgan’s market cap of $677 billion would have some massive implications for price. Currently, XRP has a circulating supply of 58.04 billion tokens. If its market cap reaches $677 billion, the price of 1 XRP Will skyrocket to a double-digit figure of $11.6, representing a new all-time high price.
Interestingly, several market watchers have projected an XRP run to $11. In January, Ali Martinez suggested that XRP could engineer a rally to the $11 mark. For context, XRP currently changes hands at $2.35. To reach $11.6, XRP would need to rally 429% from the current price.
DisClamier: This content is informational and should not be considered financial advice. The views expressed in this article may include the author's personal opinions and do not reflect The Crypto Basic opinion. Readers are encouraged to do thorough research before making any investment decisions. The Crypto Basic is not responsible for any financial losses.
