Analyst Reveals the Only Barrier Preventing XRP From Reaching $11-$27.5

CryptoInsightUK, a prominent market analyst, shares a unique perspective to the possible factor behind the XRP underperformance.

According to his observation, the main barrier to XRP reaching a two-digit price is not the market cap but the drastic decline in attention and investor interest over the years.

XRP’s Historical Market Cap Comparison 

CryptoInsightUK pointed out that back in January 2018, XRP achieved its all-time high of $3.37 amid a market dominance of approximately 15.5% within the total cryptocurrency market. At the time, the crypto market had a valuation of $691 billion. 

However, since then, XRP’s circulating supply has expanded by roughly 69%, significantly diluting its value. This expansion is due to Ripple’s monthly escrow releases. Notably, the escrow unlocks 1 billion XRP each month, with Ripple typically leaving 200 million in the market. 

CryptoInsightUK suggests that amid the inflation, if XRP’s market dominance returned to 15% in the current market, XRP’s market cap could potentially rise to $330 billion—an increase that would only be about 2.5 times greater than its 2017 level. 

In this scenario, XRP’s price could hover around $5.50 without any further expansion in the overall cryptocurrency market. This price scenario, which puts XRP at an all-time high, is readily feasible.

The global crypto market has grown substantially since XRP’s peak in 2018. The global crypto market cap is now $2.05 trillion, which is about 3.2 times larger than it was in 2017. Presently, XRP’s market cap stands at around $31.6 billion, giving it a market dominance of just 1.54%. 

XRP Could Potentially Hit $11-$27.5

CryptoInsightUK posits that if the overall crypto market cap increased to a range of $4 trillion and $5 trillion—or even up to $9 trillion to $10 trillion—this would represent a growth of 2 to 5 times. In such a case, XRP’s value could theoretically rise to a range of $11 to $27.5.

Recall that Ripple CEO Brad Garlinghouse previously projected that the total crypto market cap could reach $5 trillion by the end of the year. This is capable of having a positive effect on XRP’s price if it increases at an equal pace.

Amid these promising figures, the analyst stresses that the true challenge for XRP’s growth to new heights is not a potentially over bloated market cap, as many suggest. However, he believes it is the rekindling of the kind of attention and enthusiasm it garnered during its peak years. 

This perspective has resonated with members of the XRP community. One member, identified as JL, observed that the crypto market in 2017 had fewer projects competing for attention, making it easier for XRP to stand out. 

Today’s market is far more saturated, and JL believes that the recently concluded lawsuit involving Ripple may have held back significant developments. With the lawsuit now over, he expects the development to set the stage for a renewed surge in interest and activity around XRP.

CryptoInsightUK agreed with JL’s sentiment, emphasizing that the critical question now is whether XRP can capture the same level of attention it once did.