XRP, a top gainer in the latest crypto bull rally, has seen its price surge to a seven-year high of $2.86, a five-fold increase from its November low. WallStreetBets founder Jaime Rogozinski believes that XRP could see tremendous growth if the global crypto market cap reaches $5 trillion by 2025.
According to Rogozinski’s projection, the global crypto market must surge by 50.15% to reach the $5 trillion target. If this happens, he predicts that XRP’s price will soar to $8, representing a 263.63% increase from its current value of $2.20.
This significant return on investment would be substantial for holders of XRP. For example, investors who buy 12,500 XRP for $27,500 today could see their investment rise to $100,000 if the price hits $8.
Market experts have also forecasted XRP’s potential rally to $8, citing a growing momentum in support of the coin. Ripple CEO Brad Garlinghouse has projected that the global crypto market could increase to $5 trillion by year-end, while prominent analyst EGRAG predicted an XRP surge to $8.77.
The upcoming administration under Donald Trump is also seen as a positive factor for XRP’s potential growth. With speculation about the SEC v. Ripple lawsuit being resolved, some observers believe that the U.S. SEC might approve one or multiple XRP ETF S-1 filings next year, potentially driving the coin’s price to unprecedented levels.
It’s essential to note that this content is informational and should not be considered financial advice. Readers are encouraged to do thorough research before making any investment decisions.
Source: https://thecryptobasic.com/2024/12/31/wallstreetbets-founder-predicts-xrp-price-if-global-crypto-market-cap-hits-5t