Ripple CEO Forecasts 5 Trillion Cryptocurrency Market Cap XRP Price Potential of 10

Brad Garlinghouse, the CEO of Ripple, has made a bold prediction regarding the future of the global cryptocurrency market. He anticipates that the market will soar to $5 trillion, indicating a bullish trend for XRP.
Garlinghouse’s forecast implies that the market will double its current valuation, resulting in XRP’s price per coin exceeding $1.02.
During a recent address at Consensus, Garlinghouse expressed his optimism for both XRP and the broader crypto market. He foresees the global crypto market cap hitting $5 trillion in the coming years.
The CEO cited various macroeconomic factors such as increasing adoption, favorable crypto regulations, and the emergence of crypto ETF products. He praised Bitcoin for attracting over $50 billion in ETF investments. Drawing parallels to the debut of SPDR Gold Shares ETF on the NYSE in 2004, Garlinghouse noted that it took nearly three years to reach $10 billion in investments. In contrast, BlackRock’s IBIT Bitcoin ETF has amassed over $20 billion in less than half a year, making it the most successful ETF in the industry.
XRP is positioned to lead the crypto market race and potentially dominate market share. Garlinghouse envisions an XRP ETF hitting the market by 2025, contingent on the resolution of the Ripple v. SEC lawsuit.
Given that the U.S. SEC oversees ETF approvals, it is unlikely to greenlight any XRP filings while the coin’s legal status remains unsettled in court. Nevertheless, Garlinghouse remains confident in Ripple’s ability to emerge victorious in the lawsuit, a sentiment echoed by legal experts. As the case nears its conclusion, the CEO anticipates continued growth for XRP and its ecosystem.
With the global crypto market currently valued at approximately $2.5 trillion, Bitcoin maintains a significant portion. XRP boasts a market cap of nearly $30 billion. Bitcoin appears poised to retain its market dominance, potentially claiming the lion’s share of the projected $5 trillion market cap.
Prior to its legal battle with the SEC, Ethereum held the second-largest market cap, a position now contested by XRP. It is plausible for XRP to reclaim its runner-up status, potentially propelling the coin to new heights.
A conservative estimate suggests that XRP could double in value, reaching a market cap of $60 billion with each coin priced at $1.02.
As of the latest data, XRP is trading at $0.5251, having experienced minor fluctuations in recent days. Market analysts suggest that the altcoin is undergoing a consolidation period driven by large investors. This phase may be followed by a price surge, with bullish investors targeting the $0.75 resistance level as the next significant milestone.