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XRP Could Attain $125 per Token, Using Hypothetical Calculations Based on the Forex Market Volume

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2024-08-17 18:11:20669browse

XRP continues to trade around the $0.55 region with negative trajectories across weekly, monthly, and even yearly timeframes. Essentially, XRP’s price has been unimpressive.

XRP Could Attain 5 per Token, Using Hypothetical Calculations Based on the Forex Market Volume

A top financial advisor has outlined how XRP could reach $125 per token, using hypothetical calculations based on the Forex market volume.

Despite XRP’s lackluster price performance, with negative trajectories over weekly, monthly, and yearly timeframes, some pundits remain optimistic about its future value.

Whiplash, a widely followed financial advisor in the crypto community, recently shared his thoughts on XRP’s potential to attain values over $100.

In a recent post on X, Whiplash delved into the mathematics behind how a $125 price point for XRP could be achievable.

This eye-catching figure stems from a calculation based on the assumption that XRP could handle a significant portion of the daily trading volume in the global foreign exchange (Forex) market.

Whiplash noted that XRP has a maximum supply of 100 billion tokens, with around 60 billion in circulation. He pointed out that the Forex market saw trading volumes reach $7.5 trillion per day in April 2022.

If XRP were to facilitate this level of transaction volume, the value of each token could theoretically reach $125.

This is arrived at by dividing the FX market volume by XRP’s circulating supply of 60 billion.

Essentially, this mathematics suggests that for XRP to have sufficient liquidity to process a $7.5 trillion market volume, the token must be worth at least $125. For context, XRP currently sells for $0.5656.

Reaching the speculative price of $125 implies an astonishing 22,000% increase.

However, the entirety of XRP’s supply is not under the control of a single entity. This weakens the assumption that all of XRP’s supply would be used to process FX market transactions.

Interestingly, Whiplash proposed a solution. He suggested that instead of selling XRP at such high values, holders could stake or loan their tokens to facilitate transactions, potentially earning significant returns.

In particular, Whiplash speculated that with XRP valued at $100 per token, owning just 1,000 XRP could yield $100,000 per day from staking, assuming a 100% return—though actual returns would likely be much lower, similar to interest on a loan.

It is important to note that these scenarios are highly speculative and assume XRP’s adoption on an unprecedented scale. It is also improbable that XRP alone would process the FX market’s $7.5 trillion volume, as other players are present.

Moreover, critics have continued to dismiss this popular mathematics as wishful thinking. Nonetheless, it highlights the growing interest and optimism surrounding XRP’s future potential.

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