A market analyst suggests that if nine of the largest global banks invest just 0.5% of their assets into XRP, it could result in a massive price spike for the cryptocurrency. Positive regulatory changes, including the potential settlement in the Ripple vs. SEC case, have increased speculation about XRP's adoption by the banking system. The combined total assets of these nine banks amount to $29.74 trillion, and a 0.5% allocation would inject $148.7 billion into XRP. This could lead to substantial acquisitions, with the banks accumulating 64.66 billion XRP, representing nearly 65% of the liquid supply. Removing this amount from the market would create a significant supply shock, potentially driving prices higher. While a market cap formula estimates that XRP could rise to at least $4.6, other factors such as supply squeeze and increasing demand could push the price well beyond $10, even reaching $20 or $50, depending on market response.
Content Editor ( thecryptobasic.com )
- 2025-02-12
Here’s XRP Price If Nine Global Banks Buy XRP with Just 0.5% of Their Assets
