CandleFocus Here’s XRP Price if It Reclaims Its Ratio of Bitcoin Market Cap Before SEC Lawsuit
2024-12-29
Author: Content Editor
The article discusses the potential for XRP price to reach a two-digit figure if it recaptures the percentage of Bitcoin market cap it held in 2018 before the SEC lawsuit. XRP has experienced a significant decline in price recently, but it has rebounded from its low point. Currently, XRP's market cap stands at $132 billion, down from its all-time high of $165 billion. However, the ratio of XRP's market cap to Bitcoin's valuation has dropped considerably over time. Currently, XRP captures about 6.8% of Bitcoin's market cap, compared to the 49.4% it held in 2018. Experts believe that if XRP were to reach the 49.4% ratio, its price could surge to $16.6, marking a 621% increase from its current price.
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