Optimism in the cryptocurrency community has reignited discussions about whether XRP can reach $100 by the end of the year. This renewed interest follows the launch of multiple spot XRP exchange-traded funds (ETFs), which have collectively garnered $644 million since November 13. Despite this influx, XRP has seen a decline of approximately 11.79% this month, struggling to maintain its position around the $2.20 mark.
Among the proponents of a bullish outlook is Jake Claver, CEO of Digital Ascension Group. In a recent live session, Claver expressed his belief that XRP is on the verge of significant price movements. He attributed this potential to the liquidity being drained from over-the-counter (OTC) markets due to the demand generated by the new ETFs. Claver suggested that this could force ETFs to seek liquidity from traditional exchanges, leading to sharper price fluctuations.
Claver further detailed his “domino theory,” asserting that the likelihood of XRP hitting $100 by year-end stands at 97%, with his personal conviction reaching 99.99%. However, he cautioned viewers to conduct their own research and consult financial experts before making any investment decisions.
Contrasting this optimistic forecast, some analysts remain skeptical. Zach Humphries, the host of the Crypto Breakfast Club, argued against the feasibility of the $100 target, despite his support for XRP and its long-term prospects. He emphasized that achieving such a price would necessitate a market cap of $6 trillion, which is significantly higher than the entire cryptocurrency market”s current valuation of around $3 trillion. With only 35 days left in the year, he labeled the prediction as unrealistic.
Adding to the skepticism, analyst Chart Nerd echoed Humphries” sentiments, deeming the $100 target unreasonable. “It sounds absurd to even entertain such a notion,” he stated.
To put the $100 milestone into perspective, XRP would ascend to become the second-largest asset globally, surpassing NVIDIA, which has a market cap of $4.381 trillion. For investors holding $10,000 worth of XRP—equivalent to 4,484 tokens—the potential gain would exceed $438,000 at this price point. Data reveals that over 500,000 wallets contain at least 5,000 XRP, meaning each could stand to gain substantially if XRP reaches the $100 mark.
