Expert Explains Why $30 XRP Price May Be Closer Than Market Cap Critics Think
Main Idea
An expert explains why XRP's price could reach $30, citing market cap multipliers and potential ETF inflows as key drivers.
Key Points
1. XRP recently reached a new all-time high of $3.65, sparking optimism for further growth.
2. Expert Zach Rector argues that traditional market cap models underestimate XRP's potential due to crypto's liquidity dynamics, suggesting a 50x to 200x multiplier effect on price increases.
3. Rector projects that ETF inflows of $4 billion to $8 billion could drive a $1.7 trillion increase in XRP's market cap using a 200x multiplier.
4. The expert believes XRP's price could surge significantly with relatively smaller inflows compared to traditional market expectations.
5. JP Morgan's projections on potential XRP ETF inflows are cited as a catalyst for the asset's future growth.
Description
XRP recently reached a new all-time high of $3.65, exciting the XRP army as they anticipate further growth. With XRP set to test new heights, experts are shifting their focus to how the asset can reach the high targets the community expects. Among them is Zach Rector, a crypto entrepreneur and commentator, who recently outlined a bold framework for projecting XRP’s price trajectory during an interview shared by Jake Claver. From my last stream with @ZachRector7 – most people still don’t understa...
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