- Shmoo, co-founder of COINVIRAL, claims XRP reaching $10,000 is not a meme, sparking debate.
- Other notable commentators, including Levi Rietveld and Versan Aljarrah, have supported the ambitious target.
- For the coin to hit $10,000, its market cap would need to reach $576 trillion, exceeding global wealth.
Shmoo, a prominent figure in the crypto community and co-founder of COINVIRAL, recently suggested that the XRP could reach $10,000 per token. In a tweet, he emphasized the seriousness of his prediction, stating, “XRP to $10,000 is not a meme.”
While the prediction may seem speculative, Shmoo’s statement indicates his genuine belief in XRP’s long-term potential. However, he did not specify a timeline for when this ambitious price point might be achieved.
Other Experts Call for $10,000 XRP
Shmoo’s prediction aligns with earlier claims from influential market commentators who have projected similar targets for XRP.
Last August, Levi Rietveld argued that XRP could reach $10,000, citing Ripple’s growing involvement in central bank digital currencies (CBDCs). Drawing from comments by Ripple’s James Wallis, Rietveld highlighted Ripple’s global projects as a key driver for XRP adoption and price appreciation.
Christian prophet Brandon Biggs also claimed to have received divine guidance about XRP’s future value. According to Biggs, God revealed that XRP would hit $10,000, likening its potential to the early days of tech giants like Apple.
In a 2024 podcast, Edoardo Farina, CEO of Alpha Lions Academy, and Versan Aljarrah, founder of Black Swan Capitalist, described XRP at $10,000 as “inevitable.” Aljarrah suggested that institutions like the IMF would set XRP’s price at higher levels to facilitate large transactions, while Farina pointed to XRP’s technological advantages and real-world use cases as factors supporting the lofty target.
What Would $10,000 XRP Look Like?
While the $10,000 target is enticing, the market cap implications raise serious questions.
Ripple coin currently trades at $3.10, with a market cap of $177 billion. This surge would place the coin’s market cap at an unimaginable $576.4 trillion, far exceeding the estimated global wealth of $454 trillion.
To put this into perspective, the coin alone would need to control more value than the combined wealth of the world, including gold, Bitcoin, and other assets. Such an astronomical valuation raises concerns about the feasibility of these predictions.
