XRP’s price has performed well since 2024, and analysts predict further growth in the coming years. The bullish case rests on key catalysts such as a potential Ripple ETF approval, its growth in the money transfer industry, and its role in the stablecoin market. This article explores XRP’s potential price if its market cap hits $1 trillion.

XRP’s Price if it Hits a $1 Trillion Valuation

XRP has grown to become the fourth-biggest cryptocurrency with a market cap of over $138 billion. It is only smaller than Bitcoin, Ethereum, and Tether.

Therefore, XRP needs to rise by 625% from the current price for its valuation to reach $1 trillion. This is plausible considering it previously increased by almost 500% between its lowest and highest levels in November last year.

XRP’s price has increased from $0.005 in August 2013 to $2.37, reflecting a 47,100% rise. As such, it is possible to increase by 625%. If this happens, the price needs to reach $17.20. 

This estimate, however, is based on the current circulating supply of 58.55 billion. Its circulating supply increases by about 1 billion monthly, with unsold tokens returning to escrow. If XRP surges to $17, then its fully diluted valuation would reach $1.7 trillion.

Based on the current XRP and BTC market ratio of 0.0721, this implies Bitcoin would reach a market cap of over $13.53 trillion. Going by the current circulating supply, it means that Bitcoin’s price would be trading at $683,333, lower than BlackRock’s target of $700,000.

Read more: Ethereum Price Hits $2,500: Smart Money Targets $3K

Top Catalysts for Ripple Token

The XRP price has several catalysts that may push its market cap to over $1 trillion. Its low-hanging fruit is the upcoming ETF approval by the Securities and Exchange Commission (SEC). Analysts expect the agency to approve these funds, with the Polymarket odds rising to 77%.

Further, Brad Garlinghouse aims to disrupt the $150 trillion a year business that Swift currently dominates. It aims to enroll more banks to its RippleNet platform, offering faster transactions. 

XRP may also benefit from its focus on stablecoins, a market projected to reach $1.6 trillion by 2030. The company owns Ripple USD (RLUSD), and it recently wanted to acquire Circle, the owner of USD Coin (USDC).

Further, Ripple Labs acquired Hidden Road, a move expected to boost the volume handled by the XRP Ledger. This, in turn, will lead to a higher XRP burn rate since a portion of transactions are incinerated. 

Short-Term XRP Prediction

The daily chart shows that the XRP price has moved above the descending trendline that connects the highest swings since January 16. This was an important move as it has crossed the upper side of the falling wedge pattern, a popular bullish reversal sign.

The coin has formed a mini golden cross with the 50-day and 100-day moving averages intersecting. Therefore, the coin will likely have a bullish breakout, with the next point to watch being at $3.40, the highest swing in January. A move above that price will point to gains to $5.

Read more: Crypto Chart of the Week: Pi Network Price Eyes a 70% Surge Ahead of Key News