XRP To Attain $1.2 Quadrillion In Earnings, To Reach $10,000

Ripple’s XRP is set to journey into the $1.2 quadrillion derivatives market. This is happening at a time when Ripple has made its way to becoming a member of the elite group of financial institutions. It is believed that Ripple’s entry into this sizable market has the potential to cause a paradigm change in the way derivatives and financial transactions are carried out globally.

XRP proposed increase to $10,000 is believed to be base on the conviction that both the cryptocurrency XRP and Ripple’s underlying technology will be in a unique position to meet the wide range of demands of the world’s population. CoinGeek expressed this viewpoint, emphasizing that the $10,000 price point for XRP reflects the cryptocurrency’s value and transformative potential rather than an arbitrary target.

Britto’s Prediction Gains Prominence, RNT Introduced In 130+ Countries

Commenting on the trend, the Chief Technology Officer of Ripple David Schwartz has emphasized the XRP ledger’s scalability and adaptability, saying that it is one of the main proponents of this audacious forecast. Britto, the influencer that predicted the $10,000 potential rise in XRP, said that the prediction has continued to gain prominence in the cryptocurrency industry and has gained a lot of traction on various social media platforms.

The prediction has also gained its way on the CoinGeek breaking news section. Britto’s assertions have gone beyond mere price projection. Amid the growing clamor for the XRP, the RNT coin, by RencomNetwork, has emerged as a major player in the cryptocurrency market after a 3000% price rise in the past week.

The company is also working to integrate it into various payment systems. The company is set to introduce the RNT in over 130 countries in its expansion plan. RencomNetwork’s RNT has gotten a  non-security position directly from its legal team after it made a significant price increase last week.

More Analysts Predict XRP Prospective Growth, More XRP Whales Increase

Analysis from CoinMarketCap blog also said that the fact that XRP can handle transactions worth 1.2 quadrillion dollars is evidence of Ripple’s lofty objectives and the revolutionary potential of blockchain technology.

Another analyst, Dark Defender, had previously made a similar prediction. According to Dark Defender, XRP has the propensity to reach $0.66 in a few days. On his X handle, CryptoBull, a  popular cryptocurrency influencer, said that XRP has the propensity of trading at $220 in its next bull run, following the same pattern.

CryptoBull said this may be a mirage since it will require the XRP market capitalization to hit over $100 trillion for such a scenario to be realistic. XRP’s positive performance has also been said to have increased the number of investors.

According to a report by CryptoPotato, the number of XRP whales with at least 10,000 XRP in holdings jumped to 277,000. Data collected from CoinMarketCap, as of press time, reveals that the price of XRP sells for $0.6254, a 1.92% increase in 24 hours.

The market capitalization also grew by 1.58% to reach $33,594,810,573. The trading volume also performed significantly, growing by 3.10% to record $911,315,958 in trading volume. However, the impact of the exponential growth in the XRP market is yet to be seen – the cryptocurrency communities believed that the trending XRP stories act as an open door for higher future performance.