Analyst Says XRP Going to $100, Citing Statements from Michael Saylor

Crypto analyst Levi Rietveld has projected that XRP could soar to $100, drawing on recent statements made by MicroStrategy chairman Michael Saylor. 

Rietveld’s analysis aligns XRP’s future with Saylor’s vision for Bitcoin for the coming decades. During a CNBC interview, Saylor shocked the crypto world with his $13 million Bitcoin forecast.

He argued that Bitcoin would grow to account for 7% of the world’s capital. He cited its advantages as a global, non-sovereign asset free from the risks associated with government currencies. 

Based on this, Saylor believes that over the next 21 years, Bitcoin could reach $13 million per token. He expects its growth to slow down slightly from its current 44% annual rate but predicts it will eventually stabilize, offering returns comparable to the S&P 500, plus an additional 8%.

Meanwhile, the ripple effect Saylor’s projection could have on other digital assets like XRP has caught Rietveld’s attention.

In a recent analysis, he explained that if Bitcoin achieves a multi-trillion-dollar market cap, it’s only natural that XRP will see a corresponding surge. Rietveld noted that XRP serves a unique niche by providing liquidity and addressing market gaps that Bitcoin does not, making it a crucial asset in the broader crypto landscape.

XRP to Hit $100 with Bitcoin at $13 Million

At the time of writing, XRP is hovering around $0.580, but Rietveld believes that if Bitcoin reaches Saylor’s $13 million target, XRP could hit $100. 

Currently, Bitcoin is worth around $63,500, meaning it requires an increase of over 200-fold to reach the $13 million mark. At this level, Bitcoin’s market share would hit $273 trillion.

Presently, Bitcoin commands over half the valuation of the global crypto market. Essentially, if Bitcoin reaches $13 million, the entire crypto market would be worth over $546 trillion. 

Given XRP’s status as a top-ranked asset alongside Bitcoin, Rietveld believes XRP would benefit significantly from Bitcoin’s projected 20,300% growth. Precisely, factoring this percentage increase into XRP’s price would place the altcoin’s value at over $118.

It is worth mentioning that Saylor expects Bitcoin to be worth $13 million by 2045, a long-term outlook. However, some analysts in the XRP community believe XRP could surpass $100 in a much shorter time frame—possibly as early as next year.

This suggests that, based on the optimistic projections of XRP proponents, by the time Bitcoin reaches $13 million in 2045, XRP could be worth much more than $100.