The article discusses the potential for XRP's price to skyrocket if it captures a small portion of the derivatives market. The derivatives market is valued in trillions, with estimates suggesting it could exceed $1 quadrillion. Experts question these projections but acknowledge that even capturing a small fraction of the market could benefit assets like XRP. If XRP secured just 1% of the derivatives market, it would translate to a $10 trillion market cap and a price of $100 per token. Some market commentators believe XRP is capable of reaching $100. Speculation arose about XRP's entry into the derivatives market due to a potential partnership between Ripple and Bitstamp, as well as Robinhood's potential acquisition of Bitstamp. Ripple has shown interest in the derivatives market through various initiatives and investments. However, some observers argue that the $1 quadrillion estimate for the derivatives market is inflated and that the gross market value of these contracts is much lower.



Other News from Today