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Here’s Why More XRP Can’t Be Created Beyond the 100B Supply

Sam Wisdom Raphael
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Here’s Why More XRP Can’t Be Created Beyond the 100B Supply

An XRPL validator explains why it is impossible to create more XRP tokens beyond the initial supply of 100 billion tokens.

Amid recent discussions, several critics now claim Ripple has the power to create more XRP beyond the original 100 billion. However, a well-known XRP Ledger (XRPL) validator, Vet, has thoroughly explained why this is not possible. 

His statements countered recent claims from Pierre Rochard, a Bitcoin maximalist and Vice President of Research at Riot, amid widespread attack on XRP.

Vet Explains Why More XRP Cannot Be Created  

In an X post, Vet, a decentralized unique node list (dUNL) validator for the XRPL, recently clarified that the XRP supply is permanently fixed at 100 billion. 

He pointed out that the entire supply of 100 billion XRP was created in 2012 when the XRPL launched. The genesis account, which initially held all XRP, is hardcoded into the ledger, and its cryptographic keys are publicly available. Notably, this ensures transparency, as anyone can verify the original supply.  

Vet emphasized that the XRPL design prevents the creation of new XRP at all times. Further, the ledger allows anyone running a node to check the total supply at any given block using the network’s built-in ledger command. 

This means that the system monitors every transaction, and if a bug were to ever attempt to generate new XRP, the system would block it immediately.  

Vet pointed to an important safeguard within the XRPL called the “invariant checker,” a security feature coded into the system. For context, this function continuously checks all transactions to ensure no new XRP is being created. 

Speaking further, the outspoken XRPL validator stressed that, unlike Bitcoin, which has experienced accidental inflation due to bugs in the past, the XRPL has never had such an issue. Vet was making reference to the 184 billion Bitcoin bug which led to the creation of 184 billion BTC tokens in August 2010.

Additionally, Vet reminded the community that XRP is actually deflationary. For context, every transaction burns a small portion of XRP as a fee, reducing the total circulating supply over time. Because of this, the number of XRP in existence is only decreasing—not increasing. 

Rochard’s Claims and Ripple CTO’s Response 

The validator’s commentary came on the back of claims from Pierre Rochard argued last week that Ripple could still issue trillions of additional XRP. 

On Jan. 26, he alleged that Ripple could fork the XRPL software and remove existing supply restrictions or even alter escrow locks. He further argued that Ripple had misled the public about XRPL’s decentralization.  

In addition, Rochard suggested that there are no “alternative publishers” of XRPL’s rules, implying that Ripple and its affiliates control the system. He claimed that XRP’s scarcity is an illusion and compared it to fiat currency, which governments can print at will.  

Ripple CTO David Schwartz addressed Rochard’s claims. Schwartz argued that any blockchain, including Bitcoin, could undergo a fork. However, simply forking a blockchain does not force anyone to adopt the new version or change the functionality of the original version.

He explained that Rochard’s argument could also apply to Bitcoin. Anyone can fork Bitcoin’s code and remove the 21 million BTC supply limit, but that does not mean the original Bitcoin network would accept the change.

Here’s How High Dogecoin’s Price Could Go If DOGE Matches Gold’s Market Cap

Sam Wisdom Raphael
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Here’s How High Dogecoin’s Price Could Go If DOGE Matches Gold’s Market Cap

Dogecoin price could be appreciated by over 54,000% if the meme coin was able to reach the market cap of Gold, the largest financial asset by valuation.

Dogecoin’s Historical Market Cap Struggles

As the leading meme coin, Dogecoin has come a long way from its humble beginnings in late 2013. By January 2014, Dogecoin’s market cap stood at a paltry $5.58 million, according to data from CoinMarketCap. This figure spiked to $90.5 million in February 2014 but stabilized at around $36 million for most of that year.

Interestingly, from this range, Dogecoin’s valuation slumped again from 2015 to 2016, hitting the $21 million level during this period. However, a turnaround occurred in the 2017/2018 bull run as crypto adoption became more mainstream. Dogecoin leveraged this trend to hit a market cap of $388 million in May 2017 before collapsing again.

Meanwhile, the meme coin’s major breakthrough occurred in the next bull run in 2021, as it caught the attention of Tesla Chief and billionaire Elon Musk. By January 2021, Dogecoin’s market cap had crossed $1 billion for the first time in its history. It continued to soar in Q1 2021, reaching a top of $8.94 billion before retracing.

A subsequent surge from April 2021 saw Dogecoin’s market cap increase to $47.3 billion before pulling back and surging at a more substantial rate to $73.8 billion in May 2021. This was Dogecoin’s all-time high market cap.

Dogecoin Price if It is Able to Reach Gold Market Cap

Interestingly, as the ongoing bull market demonstrates Dogecoin’s immense potential, discussions around massive price spikes have led to projections that could lead to greater market valuations for the meme coin.

For context, Dogecoin witnessed an impressive run in November 2024 following the U.S. elections. As a result, its market cap hit $61 billion, higher than 331 firms within the S&P 500. This prompted speculations of higher grounds as the meme coin sustained the run.

 

While largely regarded as a pipe dream, the idea of Dogecoin reaching Gold’s market cap emerged. Such a rally would be astronomical but remains largely unfeasible.

However, with Gold’s current market cap of $18.8 trillion, if Dogecoin attained this level, its price would surge to $127.56, considering the circulating supply of 147.8 billion tokens. Currently trading for $0.2352, Dogecoin would need to rally 54,109% to hit $127.56. Nonetheless, ambitious projections of similar proportions have recently taken root.

For instance, last December, market analyst Ali Martinez suggested that a Dogecoin price rally to $23 was possible. In addition, Trader Tardigrade, another market commentator, predicted a possible price surge to $30. For context, a $23 price would lead to a Dogecoin market cap of $3.4 trillion, and $30 translates to a valuation of $4.4 trillion.

Coinbase Director Says Trump Earned Over $800M Profit From His Meme Coin Launch 

Lele Jima
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Coinbase Director Says Trump Earned Over $800M Profit From His Meme Coin Launch 

Coinbase Director Conor Grogan suggests that U.S. President Donald Trump and his team may have earned over $800 million following the launch of the TRUMP meme coin. 

According to an X post today, Grogan indicated that Trump and his team earned $802 million through TRUMP-related transfers, liquidity events, and fees. 

Details of Trump’s Earnings 

Since the meme coin went live on January 18, Trump’s team moved over $482 million in TRUMP, SOL, and USDC to crypto exchanges like Binance, KuCoin, and OKX. Grogan noted that despite the team sending these tokens to exchanges, whether they have been sold remains unclear.  

In addition, Grogan stated that the team has about $240 million worth of USDC in out-of-range liquidity pools, with another $50 million USDC currently in range pools. 

For context, an out-of-range pool implies that the liquidity is not actively tradable as the asset’s price has surpassed a specific range set by the liquidity provider. In contrast, range liquidity is actively tradable within the specified range. 

Furthermore, Grogan emphasized that the Trump team has earned a whopping $29 million USDC through fees earned from liquidity provision. 

The Coinbase director suggested that the profits earned in Trump’s launch could be higher, as he did not include earnings from other wallets, Meteora liquidity pools, and fees. Grogan also excluded the $16 billion worth of TRUMP tokens the Trump team currently holds. 

TRUMP’s Profit Surpasses Bored Ape Otherside Launch  

The Trump team generated more profits from TRUMP’s launch compared to the figure recorded during the Bored Ape Otherside launch. Per Grogan, the Bored Ape event raised $282 million, with an additional $181 million worth of gas fees burned.  

If accurate, this makes the TRUMP meme coin one of the most successful launches in the crypto industry. 

Grogan has continued to provide key updates about different aspects of the TRUMP meme coin. Recall that following the launch of TRUMP, Grogan raised concern about the token’s allocation. This includes the fact that the team locked 80% of TRUMP supply in a multi-sig wallet while adding a single-sided liquidity of $40 million. 

Early Investors Still in Profit Despite TRUMP’s Dip  

Meanwhile, TRUMP has experienced significant correction since it peaked at an all-time high of $75.35 on January 19, 2025. At the time, the token’s market cap soared to $14.77 billion. 

However, it has plunged 75.95% from its ATH to $18.34 while its market cap dropped by the same rate to $3.77 billion. At the current price, TRUMP is down 12.34% in the past 24 hours and 28.09% in the past week. 

Despite this plunge, early investors who acquired TRUMP at its opening price of $0.1824 are still in massive profit.

Here’s Why Trump is Blamed for XRP Crashing 33% to $1.95

Abdulkarim Abdulwahab
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Here’s Why Trump is Blamed for XRP Crashing 33% to $1.95

XRP and the broader crypto market are experiencing massive selling pressure, causing prices to drop to levels last seen in 2024. 

For instance, in the last 24 hours, XRP has plummeted by over 33%, falling from a high of $2.92 to a low of $1.95, its lowest price since December 20, 2024. Notably, XRP traded as high as $3.13 just two days ago. 

Meanwhile, XRP isn’t alone in this major downturn. Bitcoin also dipped to $91K after trading at $100K just two days ago. Other altcoins, like Dogecoin and Shiba Inu, have fared even worse, posting nearly 40% losses.

Notably, crypto market commentators have pointed to President Donald Trump as the reason behind this major downturn in XRP and other crypto assets.

Why Trump Is Blamed for the Crypto Market Dump

On February 1, 2025, Trump implemented significant tariffs on imports from Mexico, Canada, and China. Specifically, he imposed a 25% tariff on goods from Mexico and Canada while applying a 10% tariff to Chinese imports.

These measures are part of the administration’s strategy to address issues such as illegal immigration and drug trafficking.

In response, Mexico, Canada, and China have announced retaliatory tariffs and are pursuing legal challenges against the U.S. These actions have heightened concerns about a potential global trade war, leading to increased market volatility.

Amid this, Bitcoin crashed to a three-week low, nearly losing the $90K level. Meanwhile, XRP dropped to a seven-week floor, falling below the $2 mark after briefly approaching its all-time high in the $3 range just days earlier.

Analysts attribute these downturns to investor concerns over the escalating trade tensions and the broader economic uncertainties they create.

The Recovery Path for XRP

Despite the dip, many see it as an opportunity to buy XRP at a lower price before the next leg up. Calls to “buy the dip” have flooded the community, and many predict a massive comeback.

Numerous market commentators have suggested that the next bullish wave could drive XRP into the $4 price range.

Already, XRP has reclaimed the $2 mark, reestablishing itself there and now approaching higher levels. As of press time, XRP is trading at $2.34, a notable rebound of 20% from the low of $1.95.

However, the token is still trading at a 19% discount from the higher price it reached just 24 hours ago.

Trump-Linked WLFI Crypto Portfolio Tanks 21%, Losing $51.7M Amid Market Slump

Albert Brown
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Trump-Linked WLFI Crypto Portfolio Tanks 21%, Losing $51.7M Amid Market Slump

World Liberty Financial (WLFI) faced a significant setback in its crypto portfolio, losing $51.7 million as the market experienced a sharp downturn.

The drop came on the heels of U.S. President Donald Trump’s implementation of import tariffs on Canada, Mexico, and China. This has spurred a broader global market shift as investors sought safer assets.

Coinglass data revealed that total liquidations across the crypto market reached $2.22 billion in the past 24 hours, impacting 724,783 traders. WLFI, a Trump-linked crypto initiative, was hit particularly hard by the slump.

Heavy Losses in WLFI’s Crypto Portfolio

Between January 19 and January 31, World Liberty Financial invested $242.77 million across multiple assets. However, this acquisition is facing a massive unrealized loss of $51.7 million.

The most significant holding is Ethereum (ETH), with 45,405 ETH acquired at an average price of $3,303. ETH’s present valuation of $2,495 has resulted in a $36.67 million unrealized loss, the highest in absolute terms.

Its Wrapped Bitcoin (WBTC) holding has also declined, with 629.095 WBTC purchased at an average of $106,248 per BTC. The current price of $93,426 has led to an unrealized loss of $8.07 million, a decrease of 12.07%. Other assets in the portfolio faced even steeper declines. 

Ethena (ENA) saw the highest percentage drop at 43.72%, while AAVE and LINK recorded losses of 35.74% and 30.27%, respectively.

In particular, every asset in WLFI’s portfolio is currently in negative territory, with losses ranging from 12% to 43.72%.

Overview of WLF portfolio
Overview of WLFI portfolio

Strategic Investment Before Crash

Before these setbacks, WLFI had continuously acquired crypto. It recently increased its Ethereum holdings to over 70,000 ETH, spending an additional $10 million USDT to buy 2,972 ETH. This move raised the fund’s total ETH investment to approximately $235 million.

On January 28, WLFI allocated another $1.88 million in USDC to acquire 2.398 million MOVE tokens. Over the previous seven days, the fund had invested $222.77 million across seven cryptocurrencies, including $129.95 million in ETH, $66.84 million in WBTC, $10 million in TRX, and $4.7 million each in AAVE, ENA, and LINK.

Ethereum Suffers Largest 24-Hour Loss in Nearly 4 Years as Trump Tariffs Trigger Market Crash

Okoya David
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Ethereum Suffers Largest 24-Hour Loss in Nearly 4 Years as Trump Tariffs Trigger Market Crash

Ethereum suffers its largest 24-hour loss in four years amid the recent crypto market downturn triggered by Donald Trump’s looming trade wars.

Ethereum (ETH) holders have not had it easy amid the altcoin’s underperformance in the past two years. Now, just when things were starting to look up with the community trying to rally around the asset, macroeconomic factors have sent the market into a free fall.

Ethereum Takes a Dive

Ethereum has recorded its most significant 24-hour loss in nearly four years. Specifically, the asset fell almost 27% to trade just above the $2,100 price, the largest 24-hour decline it has seen since May 19, 2021.

Even after paring some of these losses to trade around the $2,400 price point at the time of writing on Monday, February 3, the asset is still down 20% on the day.

Meanwhile, Ethereum is not the only asset to have posted significant losses in the past 24 hours. At the time of writing, Bitcoin, XRP, Solana, and Dogecoin are down 6%, 22%, 8%, and 23%, respectively.

Top crypto assets in the red
Top crypto assets in the red. Source: CoinMarketCap

Indeed, one analyst has suggested that the crypto market has seen its largest 24-hour liquidation event due to the rout.

Specifically, over $2.22 billion in trader losses have been recorded in the past 24 hours, with the most losses, about $605 million, seen by ETH long traders, per CoinGlass data at the time of writing.

The market dump comes as investors rapidly reduce their exposure to risk assets following a major decision from the Trump administration. For context, President Donald Trump has sparked significant economic uncertainty by imposing significant tariffs on major U.S. trade partners.

Can Ethereum Bounce Back?

Interestingly, amid the market crash, some analysts appear confident that ETH will rebound. 

Reacting to the ETH dump, prominent trader IncomeSharks described it as “a rare opportunity” with upside targets above the $3,000 price point. Notably, the asset previously found momentum to surge to $4,000 in December 2024 at the $2,100 price level.

Meanwhile, Max Schwartzman, CEO of the crypto education platform BecauseBitcoin, asserted that patient ETH holders would be rewarded.

At the same time, Into The Cryptoverse founder Benjamin Cowen has highlighted that ETH has reached a major long-term support level, citing the logarithmic regression trendline, which models the price action of an asset that has historically seen exponential growth.

According to Cowen, the asset has reached the lower regression trendline, typically serving as long-term support.

Indeed, the last time ETH experienced an intraday decline of this scale was in the middle of a bull market that saw it rally to highs near the $5,000 price point in Q4 of the same year. However, whether the asset will be able to replicate this feat remains to be seen.

Bitcoin and Crypto Market Liquidation Spikes to $2.2B in 24 Hours Amid Trade War Fears

Elendu Benedict
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Bitcoin and Crypto Market Liquidation Spikes to $2.2B in 24 Hours Amid Trade War Fears

Bitcoin and altcoins faced steep downsides, spurring heightened liquidation as the global market reacted to an intense macroeconomic headwind.

It is barely three days into February, and Bitcoin has corrected 9%. The largest cryptocurrency by market cap participated in the ongoing global market onslaught, as fears of a border trade war between the United States and major countries like Canada, Mexico, and China have escalated.

For context, Donald Trump imposed a 25% tariff on Canada and Mexico, with China receiving a milder 10%. The executive order, which will be fully implemented on February 4, saw the US dollar surge to a record peak against the Chinese yuan and a 22-year and 23-year high against the Canadian dollar and Mexican peso, respectively.

Risk assets like cryptocurrencies have immensely felt the heat, with Bitcoin dumping to an intraday low of $91,281 today. The 4% drop has ensured a more significant capitulation for altcoins, with the global crypto market downsizing 10.28% to $3.04 trillion.

Market Traders Become Casualties

Meanwhile, leveraged traders endured the heavy market correction as liquidation data spiked. As expected, bulls suffered the largest losses, with Coinglass showing that the downturn wiped out $2.22 billion the crypto market, with long positions accounting for $1.88 billion.

Ethereum’s over 20% correction ensured its traders endured the highest position liquidation. The drop has chalked off nearly $600 million worth of Ether trades from the market in the past 24 hours, with $474 million in long calls and $125.75 million in shorts.

Moreover, Bitcoin position liquidations also spiked in the past day, with $406 million erased from the market. Following the 4% correction, long positions worth $341 million were dissolved, while bears suffered a minute $65.5 million loss.

Other assets like XRP and Solana also saw increased liquidation heatmaps. The former recorded $155 million, while the latter witnessed $85 million. In total, the market crash liquidated 726,831 positions, with the largest single trade erased being a $25.64 million long position on the Binance ETH/BTC pair.

Crypto Liquidation
Crypto Liquidation

A Rebound on the Horizon?

Interestingly, bulls are still betting on a price rebound amid global market skepticism. Prominent analyst Ali Martinez pointed to this surprising confidence, evident in the position bias on Binance, the leading crypto exchange by trading volume.

According to the disclosure, 65.75% of Binance traders are betting on a price rebound, with the long/short ratio at 1.92. Do these traders know what we don’t?

Long/Short Ratio on Binance

Meanwhile, Bitcoin and altcoins have rebounded from such a dip countless times, assuring market enthusiasts of their ability to dispel bearish pressure and target upsides. In the meantime, Bitcoin trades at $94,136, bouncing 3% from its intraday low of $91,281 already.

Here’s Why XRP Crash Has Nothing to Do with Ripple 500M XRP Escrow Release

Sam Wisdom Raphael
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Here’s Why XRP Crash Has Nothing to Do with Ripple 500M XRP Escrow Release

Ripple recently witnessed the release of 500 million XRP from escrow for February 2025, but the latest escrow unlock had nothing to do with XRP’s latest crash.

Market tracking resource Whale Alert called the public’s attention to the recent escrow release, which involved only half of the typical figure. For context, Ripple observed the release of 500 million XRP tokens from escrow for the month of February 2025.

Ripple Escrow Releases 500M XRP for February 2025

On-chain data confirms that the escrow unlock occurred across two transactions yesterday, Feb. 2, a deviation from the usual timing. The first transaction released 100 million XRP worth $283 million to the Ripple (26) wallet address at 14:20 UTC yesterday.

Meanwhile, the second and more substantial transaction followed 15 minutes later, involving the release of 400 million XRP valued at $1.135 billion at 14:35 UTC. Both transactions, triggered by OffEscrower, amounted to a total of 500 million XRP worth $1.418 billion.

Notably, this pattern deviates from the 1 billion XRP the system typically releases on the first day of each month. Such deviation also occurred in the first month of the year, January 2025, as Ripple only unlocked 500 million XRP on Jan. 1 and then promptly relocked the tokens. 

Another interesting deviation was the firm’s decision to lock up 700 million XRP this month, a few hours before the latest release. Specifically, Ripple locked up 430 million XRP in escrow at 01:23 UTC and then proceeded to lock up another 270 million XRP at 01:25 UTC yesterday, before the release of the 500 million XRP for this month.

Essentially, the payments firm relocked 700 million XRP in escrow while observing the release of 500 million XRP from the escrow system, leading to a deflationary development, with 200 million removed from circulation. Despite this, XRP’s price has not fared well in the past few days.

XRP Gives up $3 Amid Crash

After consolidating at the lower ends of the $3 region since Jan. 15, XRP eventually relinquished this psychological mark on Feb. 1. The asset has so far witnessed three consecutive days of losses since Jan. 31, collapsing by 18.53% within this period, with the weekend delivering most of the losses.

Discouragingly, the downtrend has spilled into this new week, with XRP down 10.30% today alone, now trading for $2.31. XRP initially slumped to a new yearly low of $1.76 earlier today before immediately bouncing back above the $2 psychological region.

While this downturn coincides with Ripple’s escrow release, it has absolutely nothing to do with the monthly development. Instead, XRP’s price crash is due to a larger trend across the broader crypto market, with Bitcoin (BTC) recently slumping to the $91,000 mark, its lowest price since Jan. 13.

Besides XRP, other altcoins have also reacted terribly to this market crash. For instance, Dogecoin (DOGE) is down 20.51% over the past 24 hours, while Cardano (ADA) has crashed 23.31% within the same timeframe. A Reuters report attributes the crypto crash to the trade war triggered by President Donald Trump’s tariff hikes on certain imports.

Shiba Inu Lead Hints at a Big Announcement in a Mysterious New Post

Lele Jima
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Shiba Inu Lead Hints at a Big Announcement in a Mysterious New Post

Shiba Inu enigmatic leader, Shytoshi Kusama, shares a cryptic post indicating that the team currently has something significant in the works. 

On February 1, the Shiba Inu leader shared a video clip on X. The 23-second video suggests that the team is preparing to announce a major update relating to the SHIB ecosystem. 

In particular, the video builds anticipation among community members through enticing phrases like ‘something is shifting’ and ‘the key to the future is about to be unlocked.’ 

Moreover, the post suggests the upcoming update will ‘change everything’ within the Shiba Inu ecosystem and possibly the entire crypto space. It concludes with the statement, ‘Something big is coming.’ 

Shiba Inu Lead Not Ready to Unveil the Update 

Despite the teaser, the Shiba Inu lead developer reacted with a zipper-mouth face emoji. This typically implies that while something significant relating to the Shiba Inu ecosystem is in the works, the team is not ready to reveal its details. 

The upcoming update could involve a new partnership, technology, or an upgrade to existing Shiba Inu-related projects. This development comes days after Kusama hinted at plans to unveil an extremely powerful partnership that will impact all crypto and Shiba Inu ecosystem tokens, such as TREAT, BONE, LEASH, and SHIB. 

Since Kusama shared the teaser, the team has not disclosed details of the new Shiba Inu ecosystem partner. Instead, he released another cryptic post, emphasizing that something big is coming. Like previous hype updates, the Shiba Inu leader did not indicate when this update will be unveiled. 

Community Expresses Frustration with Repeated Use of Hypes 

As expected, the post elicited mixed reactions from Shiba Inu community members. While some expressed excitement about the upcoming update, others seemed furious regarding the team’s repeated hype cycles. 

Commenting on Kusama’s post, a community member known as Yasei Okami (Andre, Shib OG) suggested that the team’s frequent use of ‘something big [is] coming’ has lost its impact, leaving many ‘jaded.’ 

The user noted that old Shiba Inu investors who call out this repeated pattern are accused of spreading FUDs. Okami added that it appears the team is currently targeting new investors who are unaware of this history. 

“Maybe we’ll see something significant during the next bear market or in the bull run five years from now. But for now, the community appears numb to the same old song,” the user added. 

In the meantime, Shiba Inu ecosystem tokens facing the heat of the ongoing market downturn. Specifically, the price of Shiba Inu has plummeted heavily by 22.38% over the past 24 hours to $0.00001352. This represents a decline of 25.15% in the past week and 44.8% in one month. 

BitLab Academy Director Says XRP to $10,000 is Ridiculous: Here’s Why  

Sam Wisdom Raphael
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0
BitLab Academy Director Says XRP to $10,000 is Ridiculous: Here’s Why  

Amid widespread speculations, BitLab Academy Director Kellam believes the XRP to $10,000 price predictions are ridiculous.

As XRP continues its bullish run following Donald Trump’s victory in the U.S. presidential election, ambitious price predictions have surfaced. 

Some analysts see XRP reaching staggering heights, with a few even expecting an ambitious $10,000 price. However, this prediction has been largely controversial, with multiple market commentators calling it unrealistic.  

Kelly Kellam Dismisses $10,000 XRP as Unrealistic  

BitLab Academy Director Kelly Kellam is one of the latest figures to criticize the idea of XRP reaching $10,000. He believes such projections are completely irrational. According to him, anyone convinced that XRP will hit this level would be better off donating their money to charity.  

Kellam emphasized that XRP will likely experience a strong uptrend in this cycle, but a valuation of $10,000 per token is out of the question. He pointed out that such a price would require an astronomical market capitalization of around $577 trillion, even before considering inflation. 

In his view, a price range between $6 and $10 is much more reasonable. Under extreme bullish conditions, he believes XRP could reach $20, and in the event of an overwhelming supercycle, it could push to $30. However, anything beyond that is highly improbable.  

In fact, Kellam is so skeptical of the $10,000 price prediction that he suggests blocking anyone who promotes such claims.

A Bold Prediction 

For context, Kellam’s remarks came in response to a post by Crypto Sensei, the founder of Cryptonairz and one of the individuals who believe an XRP to $10,000 prediction is feasible. 

In one of his latest disclosures, Sensei claimed that XRP is set to hit $10,000, backing his argument with a diagram showcasing Ripple’s numerous partnerships and projects. He implied that XRP’s widespread adoption would drive its value to such levels.

Other Analysts Express Doubt

However, his projection has faced intense opposition from Kellam and other market commentators, who found the claim unrealistic. A well-known crypto influencer, AltMom, noted she was optimistic about XRP but doubted its ability to reach $10,000. 

She asserted that for XRP to reach this level, it would need a trading volume of around $9.5 to $10 trillion. Meanwhile, according to her, even after accounting for all major markets, the total fluctuating volume currently stands at roughly $80 trillion.  

She also referenced BlackRock’s growing crypto fund, which has increased from $200 million to nearly $625 million since November. Even with bullish news from Trump, Grayscale, and China, the crypto influencer believes XRP hitting such an astronomical price is far-fetched. 

Instead, she predicts XRP will likely settle within the $8 to $13 range this cycle. If it fails to reach this level, she suggests that XRP holders may need to reconsider their expectations.  

In addition, Crypto Warehouse, another crypto influencer, highlighted a more conservative price target. He noted that since early 2023, he has maintained that XRP will likely reach between $5 and $7.

Now, given the current market conditions, Crypto Warehouse is confident that XRP will easily hit $5 and could trend toward $7 if bullish momentum continues. However, he does not believe XRP’s market cap can sustain much higher valuations. 

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