The post XRP to $1,000? Ripple Co-founder Could Be Worth $2.7 Trillion, 500K Millionaire Boom Predicted appeared first on Coinpedia Fintech News
XRP is currently trading at $2.20, down 2.3% in the last 24 hours and about 4% over the past week. But zooming out, the picture looks brighter as it has surged over 300% in the past year. While some experts have made unrealistic predictions of it hitting $1,000, others remain divided on how high XRP can go.
According to a viral post doing rounds on X (formerly Twitter), Chris Larsen, the co-founder of Ripple, owns around 2.7 billion XRP. If XRP ever reaches $1000 per coin, his net worth could skyrocket to $2.7 trillion. This would make him the first trillionaire in history, far ahead of Elon Musk and Jeff Bezos.
But Larsen would not be the only one to be on the XRP rich list. If XRP holders do not sell their coins, it could give birth to new ultra-wealthy individuals. There could be around 300 to 500 new billionaires, 10,000 people with over $100 million, 100,000 with over $10 million, and about 500,000 new millionaires.
What It Would Take for XRP to Rewrite Financial History?
However, many claim that this is extremely unlikely in the short term. XRP would need to jump nearly 50,000% to hit $1,000. Some experts like Matthew Brienen and Patrick Bet-David believe it’s possible due to XRP’s role in global payments. However, it is doubtful if it will ever reach that level, even in 25 years.
If XRP hit $1,000 with its current supply of about 58.4 billion tokens, its total market value would be around $58.4 trillion. That is way more than the value of gold (about $22.4 trillion), Apple (around $3 trillion), Bitcoin ($1.7 trillion), and the entire crypto market ($2.7 trillion). XRP would be worth more than all of them combined, which shows just how unlikely that price is.
XRP Price Prediction (Short-term)
XRP is currently trading at $2.20. Most oscillators are neutral, with only momentum suggesting a buy. All short- to medium-term moving averages are signaling sell, except the 200-period EMA. It recently bounced back from a low of $2.07, but it could not rise above the resistance at $2.27.
Key support levels to watch are $2.22, $2.07, and lower zones around $1.92, $1.85, and $1.61. Although price faces some downward pressure, the rising trading activity and liquidations in the derivatives market hint at a possible recovery ahead.
XRP isn’t hitting $1,000 or even $100 anytime soon. Some say $4 or even $10 might be possible. And $1,000 is just off the table. Also, there is always this question looming- “What if Larsen decides to sell a big chunk?” That could cause the price to drop quickly and create a lot of market chaos.