Jake Claver, Managing Director of Digital Ascension Group, has reignited discussions about XRP potentially reaching $10,000, setting an ambitious timeline of approximately 24 months.
In a recent tweet, Claver shared a video explaining how XRP’s price influences its efficiency in moving large sums for institutions. He highlighted that a higher XRP price allows the network to transfer more money using fewer tokens. Citing Ripple CTO David Schwartz, Claver noted that moving $1 million requires 1 million XRP tokens if priced at $1 each. However, at $10 per XRP, only 100,000 tokens would be needed, and at $1 million per token, a single XRP could transfer $1 million.
Based on this logic, Claver argued that XRP is “programmed” to reach around $10,000, improving network efficiency and liquidity. At its current price near $2 and a market cap of $136 billion, XRP cannot facilitate trillion-dollar transactions due to limited liquidity. But at $10,000 per coin, with an implied liquidity exceeding $585 trillion, XRP could handle $1 trillion transfers efficiently.
Claver’s forecast positions 2027 as the year XRP could attain this valuation, achieving significant operational advantages for cross-border payments.
This prediction has drawn criticism within the crypto community. Skeptics question the feasibility of such a high market cap—over $500 trillion—and the aggressive two-year timeframe. Claver and other supporters argue market cap is less relevant for XRP’s unique liquidity model. However, critics like Alex Caraco, former CEO of an Australian stock market firm, caution against unrealistic expectations, saying, “It’s sad to see buyers sold the story of $10,000 XRP happening tomorrow.”
Disclaimer: This article is for informational purposes only and is not financial advice. Opinions expressed herein are those of the author and do not reflect The Crypto Basic’s views. Readers should conduct their own research before making investment decisions. The Crypto Basic is not liable for any financial losses.