Bitcoin’s dominance and popularity have grown significantly this year, and this has led to bullish predictions by top names in the industry, including MicroStrategy’s Michael Saylor, Eric Trump, and Robert Kiyosaki. These top voices forecast that BTC may hit $1 million, and the bull run towards this target price will definitely have bullish implications on altcoins. Hence, if Bitcoin were to hit the $1 million target, what would be the impact on XRP price? Let’s explore.
XRP Price Impact if Bitcoin Hits $1M
Before we dive into the calculations and impact of $1M per BTC impact on the XRP token, let’s take a look at a few Bitcoin price predictions.
- Cathie Wood, CEO of ARK Invest, predicts a bull case of $1.5 million by 2030.
- Robert Kiyosaki added that while Bitcoin price may seem expensive at $107K, he would regret not buying more “if and when” it hits $1M in the future. In his previous predictions, Kiyosaki wrote that $1M per BTC would be possible by 2035.
- Eric Trump stated in December 2024 that Bitcoin would reach $1 million per token, citing its potential to transform the global economy.
Many experts and investors have often regarded Bitcoin as the tide that lifts all boats. Here, the anomaly compares boats to altcoins, saying that if BTC climbs, altcoins will follow suit. With this analogy, if the Bitcoin price were to hit $1 million in this bull run, it would mean BTC would need to increase by 9.34 times from its current position of $107K. This move would increase BTC’s market capitalization of $2.13 trillion, according to CoinGecko data, to $19.89 trillion.
For simplicity’s sake, let’s assume a 10x increase in BTC price, while the market cap increases from $2 trillion to $20 trillion. Assuming the ratio of the market cap of XRP and BTC remains the same at 6%, the forecasted price of XRP would be $20.32, or roughly $20. This calculation also assumes that the circulating supply of XRP remains constant at 59 billion.
XRP would need to grow nearly 10x from its current price of $2.17 to reach the forecasted target of $20.
Is XRP at $20 feasible?
Ripple co-founder Arthur Britto, who is also one of the chief architects of the XRP Ledger, stated in one of his old posts that 1 XRP could be worth $10,000. Although the co-founder recently broke his 14-year silence and his identity remains unknown, many in the community believe that this target is achievable.
Ripple’s use of XRP in its products, coupled with its numerous partnerships with the US banking system, suggests that this target is achievable. For example, CoinGape recently announced a potential partnership with Hidden Road that could enable the XRPL to handle $11 trillion in daily volume. In this article, we predict that this target is indeed feasible through the adoption and usage of XRP.
Additionally, SBI Holdings, one of Japan’s biggest banks is also in ties with Ripple. SBI recently transferred $703 million XRP ahead of 1B escrow unlock. The Japanese bank has been vocal about using XRP in Ripple’s On-Demand Liquidity product. Partnerships like these are needed to drive the price of XRP higher.
Moreover, Donald Trump’s crypto startegic reserve has mentioned a potential inclusion of XRP along with Bitcoin. Such an adoption would pump the token’s price at an unprecedented rate.
If the long-standing SEC vs. Ripple lawsuit were to be dropped, it could serve as a tailwind that could push XRP past the $3.40 all-time high. Some outlandish predictions suggest that it could also propel the token to double-digits.
While news-related price movements may be fleeting, an adoption-driven rally could easily propel XRP to $20, especially if Bitcoin reaches $1 million.
Frequently Asked Questions (FAQs)
Yes—if XRP maintains its current 6% market cap ratio against BTC, a $20T Bitcoin market cap would put XRP at ~$20, which is a 10x from current prices.
Adoption by banks, Ripple’s partnerships (e.g., potential $11T daily volume via XRPL), regulatory clarity (SEC case resolution), and inclusion in crypto reserves (e.g., Trump’s proposed strategy).
While Ripple’s co-founder once speculated this, it’d require unprecedented adoption. Short-term, $20 is more feasible if BTC dominates and XRP retains market share.
Investment disclaimer: The content reflects the author’s personal views and current market conditions. Please conduct your own research before investing in cryptocurrencies, as neither the author nor the publication is responsible for any financial losses.
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Source: https://coingape.com/markets/how-much-will-be-xrp-worth-if-bitcoin-hits-1m/