Crypto Analyst Shmoo Sparks Debate on XRP’s Future

The cryptocurrency community is no stranger to bold predictions, but one recent claim has turned heads. Shmoo, co-founder of COINVIRAL and a respected voice in the industry, made waves with his assertion that XRP could skyrocket to $10,000 per token. In a recent tweet, he stated, “XRP to $10,000 is not a meme,” underscoring his belief that this price target is within reach.

While Shmoo did not specify a timeline for this ambitious forecast, his conviction suggests that he views this as a serious possibility rather than mere speculation. However, many in the crypto space remain skeptical, questioning whether such a dramatic increase in XRP’s value is realistic.

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Other Experts Who Believe in $10,000 XRP

Shmoo is not the only industry figure envisioning a five-digit price for XRP. In August 2023, market commentator Levi Rietveld put forward a similar argument, emphasizing Ripple’s expanding role in central bank digital currencies (CBDCs). Citing insights from Ripple executive James Wallis, Rietveld pointed to Ripple’s numerous global partnerships, which could drive adoption and price appreciation.

Additionally, Christian prophet Brandon Biggs made headlines with his claim that divine intervention guided him to invest in XRP. In a widely discussed video, Biggs stated that God had revealed to him that XRP would eventually reach $10,000, likening it to early investments in Apple.

Other notable voices, including Edoardo Farina, CEO of Alpha Lions Academy, and Versan Aljarrah, founder of Black Swan Capitalist, have also entertained this lofty price target. During a 2024 podcast, both analysts described XRP’s $10,000 valuation as “inevitable.” Aljarrah argued that institutions like the International Monetary Fund (IMF) could play a crucial role in determining XRP’s price, positioning it as a key asset for large-scale financial transactions.

Farina further supported this idea by comparing XRP’s growth trajectory to Bitcoin’s meteoric rise. He highlighted XRP’s technological advantages and its expanding use case in cross-border payments and asset tokenization as key factors that could drive its value to unprecedented heights.

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The Market Cap Dilemma: Is $10,000 XRP Even Feasible?

Despite these compelling arguments, a critical question remains: what would it take for XRP to reach $10,000? As of now, XRP trades at approximately $3.10 with a total market capitalization of $177 billion. For XRP to hit $10,000 per token, it would need to appreciate by an astronomical 322,481%.

Such an increase would place XRP’s market capitalization at an unprecedented $576.4 trillion. To put this into perspective, the total estimated global wealth stands at around $454 trillion. This raises significant concerns about the plausibility of XRP reaching this valuation, as it would surpass the combined value of all major global assets, including gold and Bitcoin.

While proponents argue that future financial systems could significantly expand the crypto market, critics point out that achieving such an astronomical valuation would require a fundamental restructuring of the global economy. Without a clear roadmap or substantial shifts in financial infrastructure, many see the $10,000 prediction as overly optimistic.

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Final Thoughts: Hope or Hype?

The idea of XRP reaching $10,000 remains a polarizing topic. On one hand, supporters cite Ripple’s growing influence in CBDCs, institutional adoption, and XRP’s unique use case in cross-border transactions as catalysts for long-term value appreciation. On the other hand, the sheer scale of the market cap required to support such a valuation makes it difficult for many to take these claims seriously.

For now, XRP holders should remain cautious, conducting thorough research before making investment decisions. While the future of XRP remains uncertain, one thing is clear: the debate over its potential will continue to captivate the crypto world.