CandleFocus Here is Only Reason XRP May Never Reach $1,200
2024-12-23
Author: Content Editor
A crypto commentator believes that XRP may struggle to reach a price of $1,200, similar to Bitcoin's rally from 2011 to 2013. XRP has seen impressive growth since the U.S. elections in November 2024, rising 336% to $2.21. Some market participants have predicted future prices as high as $27 or even $100. However, the commentator highlights the challenge of XRP replicating Bitcoin's historical performance due to XRP's larger supply. With a maximum supply of 100 billion tokens, a $1,200 price would give XRP a fully diluted market cap of $120 trillion, which is 15% higher than the global money supply. In comparison, Bitcoin's market cap at its $1,200 peak in 2013 was just a fraction of global currency.
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