An assessment from Google Gemini suggests XRP price could reach double digits if the XRPL gets 10% of the projected $19 trillion RWA tokenization market.
Notably, Ripple believes tokenized real-world assets, or RWAs, will transform global finance over the next decade. In a recent report, the company highlighted estimates suggesting the total value of tokenized RWAs could reach nearly $19 trillion by 2033. Of this figure, tokenized real estate could make up $3.7 trillion, while tokenized equities could add another $2 trillion.
The Growing RWA Tokenization Market
For context, the market today looks far smaller but continues to grow steadily. Data from RWA.xyz shows that the total value of tokenized assets on-chain stands at $26.48 billion.
The XRP Ledger (XRPL) holds $302.8 million of this amount, which gives it a 1.14% share and places it ninth among blockchains supporting tokenized assets. The numbers may look modest for now, but some analysts believe XRPL’s design gives it the potential to capture a much larger share of the market in the years ahead.
Notably, XRP currently trades at $3.14 with a circulating supply of 59.3 billion coins. Proponents have suggested this is an undervaluation, pointing to the XRPL’s efficiency and built-in features as reasons it could stand out in the race for tokenization.
Ripple highlighted this in a February report, explaining that issuers can create tokens on XRPL quickly without relying on complex coding or specialized smart contracts. Once issued, tokens instantly become tradable on XRPL’s decentralized exchange, and auto-bridging ensures smooth liquidity across assets.
XRP Price if the XRPL Gets 10% of the Projected $19T RWA Market
The question now is how much this could mean for XRP’s price if XRPL captures a bigger slice of the RWA market. We asked Google Gemini to make an assessment. Specifically, we asked what XRP could be worth if XRPL secured 10% of the projected $19 trillion tokenized asset market by 2033.
Gemini calculated that a 10% share would put XRPL in control of $1.9 trillion worth of tokenized assets. Under its first model, Gemini assumed a direct relationship between XRP’s market capitalization and the total value of RWAs on the ledger.
In that case, XRP’s market cap would also stand at $1.9 trillion. With the current supply of 59.3 billion tokens, the price per XRP could reach $32.04. However, this seems highly improbable, especially considering that with the XRPL hosting $308 million in RWA, XRP’s market cap stands at $187 billion.
Notably, in the second model, Gemini assumed that XRP’s market cap also benefits from a speculative premium. It noted that this premium could come from XRP’s role as a bridge currency and the broader network effects around XRPL. If the market cap doubled to $3.8 trillion, Gemini estimates XRP’s price could rise as high as $64.08.
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.
