XRP, the native token of RippleNet, has been on a tear this week, surging over 20.5% on the weekly chart. This positive momentum comes on the first anniversary of a crucial court decision that declared XRP not to be a security.
The July 13th, 2023 ruling by Judge Analisa Torres removed a significant hurdle for XRP, boosting investor confidence. This sentiment is reflected in the recent price jump, with XRP currently trading at $0.5153, up 10.12% in the last 24 hours.
Fueled by this optimism, some XRP enthusiasts are speculating on the possibility of the token reaching valuations comparable to those of tech giants like Apple.
With Apple boasting a market cap of a staggering $3.54 trillion, XRP’s current market cap of $28.83 billion pales in comparison. To reach Apple’s level, XRP would need a monumental 12,074% increase, pushing its price to a theoretical $62.73 per token (assuming its current circulating supply remains unchanged).
While this $62 target might seem far-fetched, some crypto analysts have previously proposed even bolder predictions. Popular figures like Andrew Forte have projected a $100 XRP by 2037, while others like 24HrsCrypto Media share a similar sentiment.
Reaching the $100 mark would require an additional 59.4% increase from the hypothetical $62 price point.
Several prediction platforms, like Telegaon and Changelly, have weighed in on the potential timeline for this surge. Their estimates range from coins reaching $62 by 2033–2040 (Changelly) to a more conservative timeframe of 2040-2050 (Telegaon).
It’s important to remember that these are just projections, and there’s no guarantee that the coin will ever reach Apple’s market cap or trade at $62 per token. As with any investment, approach XRP with caution and only invest what you can afford to lose.
