“Global Bridge Asset”: The One Thesis That Could Send XRP to Four-Digit Prices

Key Points

1. Versan Aljarrah forecasts a $1,000 'floor price' for XRP, citing its potential as a primary 'global bridge asset' for tokenized assets, real-time FX, and sovereign debt swaps.

2. XRP's fixed max supply of 100 billion tokens and burn mechanism are key factors in the bullish long-term case, as reduced supply could drive prices higher with growing demand.

3. Some in the XRP community, like Jake Claver, share optimism, suggesting XRP could reach $10,000 per token in a scenario with fewer tokens, implying theoretical liquidity exceeding $500 trillion.

4. Technical analyst Ali Martinez identifies a multi-year symmetrical triangle breakout in November 2024, with Fibonacci targets at $5.97, $8.99, $16.17, and a measured move pointing to $12.60.

5. At press time, XRP trades at $3.25, with a market cap near $192 billion, having gained over 9% in the past week, but faces an immediate test at the $3.33 resistance level.