According to market analyst EGRAG, XRP's market cap could potentially see a 1,000% increase against the Philadelphia (PHLX) gold and silver index. XRP has been struggling recently, with its market cap dropping from $175 billion to $149 billion. EGRAG analyzed XRP's performance against the XAU ticker on the Philadelphia Stock Exchange, which tracks precious metal mining firms. The analyst noted that when the XAU index drops in dollar terms, the price of XRP against the index increases, affecting its price in dollar terms. The recent collapse and subsequent recovery of XRP's price led to it bouncing off the equilibrium phase against XAU. EGRAG compared this to a similar trend in 2017, where XRP saw a 1,000% spike against XAU. If this trend repeats, the XRP/XAU pair could reach a value of $9.83 billion, leading to an XRP market cap of $1.64 trillion and a price of $28.5.



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