Analyst Predicts The XRP Price If 10% Of Global Assets Are Tokenized

Crypto analyst Costa has made an ultra-bullish prediction for the XRP price, stating that it could reach $473,214. He explained that such a massive price surge could happen thanks to tokenization on the XRP Ledger (XRPL). XRP Price To Reach $473,214 If This Happens In an X post, Costa predicted that the XRP price would reach $473,214 if 10% of global assets got tokenized onto the ￰0￱ followed Ripple’s statement that 10% of global assets are expected to be tokenized by ￰1￱ analyst expects these assets, which amount to $50 trillion, to be tokenized on the XRP ￰2￱ Reading: Crypto Exchange Reveals When XRP Price Will Cross $2,000 Costa declared that the amount of inflows and utility will most definitely cause the XRP price to ￰3￱ also noted that a potential supply shock will push the altcoin higher.

Meanwhile, the analyst alluded to a market cap multiplier to explain how the price increase will ￰4￱ stated that for every 10 billion of inflows, XRP will increase by 516x, moving the altcoin’s market cap to $5.3 ￰5￱ then broke down the calculation for how the XRP price would reach $473,214. He divided $50 trillion, which represents 10% of the global assets, by $10 billion, which is the amount he projects as the ￰6￱ division amounted to $5,000, which he then multiplied by the projected $5.3 trillion market cap, leading to $26.5 ￰7￱ analyst noted that dividing the current supply by this will result in an XRP price of $473,000. However, Costa admitted that these projections are simply hypothetical and that there is no 100% guarantee of 10% of the global assets being tokenized on the XRP ￰8￱ Still Expected To Rise Higher The XRP price is currently on a downtrend, but is still expected to witness a bullish reversal and reach new ￰9￱ analyst Matthew Dixon noted that the price is expected to surge soon above the highs previously recorded this ￰10￱ noted XRP’s pattern is currently corrective and should resolve higher, especially with the softening of monetary ￰11￱ Fed is expected to make a 25-basis-point (bps) rate cut at the next FOMC meeting, which is bullish for the XRP ￰12￱ could inject more liquidity into the altcoin’s ecosystem and serve as the catalyst for the next leg ￰13￱ analyst Egrag Crypto predicted that the XRP price could rally to as high as $6 soon enough.

However, he warned that the altcoin needs to hold above its current range as it prepares for this major ￰14￱ Reading: Is XRP A Meme Coin? Analyst Reveals How Whales Are Playing The Game At the time of writing, the XRP price is trading at around $2.81, down in the last 24 hours, according to data from ￰15￱ image from Adobe Stock, chart from ￰16￱