Chad Steingraber, a prominent voice in the XRP community and game developer, has outlined a vision for XRP’s potential price surge to an ambitious five-digit figure of $20,000. Steingraber believes that several factors could drive this dramatic increase.
XRP’s capped supply of 100 billion tokens and its deflationary design are key to his argument. The permanently burning of XRP with each transaction reduces the total supply at a slow rate. However, much of the current circulating supply is available for public trading, limiting accessibility. As some tokens have been permanently lost, this further limits the supply, creating conditions for a price surge.
Steingraber also points to potential institutional adoption and private ledgers as key catalysts. He suggests that banks could issue private digital currencies on private XRP Ledgers, creating demand for XRP as an intermediary currency. Institutional liquidity providers could also hold large reserves of XRP, enabling seamless exchanges without exposing counterparties to risk.
However, Steingraber warns that a “digital arms race” among financial institutions and liquidity providers could lead to a frenzy of institutional buying, potentially wiping out the public supply on exchanges within hours. This could leave retail investors sidelined as prices soar.
While his arguments are thought-provoking, they rest on several assumptions that warrant scrutiny. The adoption of XRP as a reserve asset would require widespread regulatory clarity and institutional trust in the technology.
Source: https://thecryptobasic.com/2025/01/14/xrp-road-to-20000-expert-mentions-possible-catalysts-that-might-turn-this-dream-into-reality