An XRP community pundit named Chad Steingraber believes that XRP could reach a price of $20,000 per token. He cites factors such as XRP's capped supply, deflationary design, and the potential for it to become a reserve asset for banks. Steingraber suggests that banks could issue private digital currencies on private XRP ledgers, creating a demand spike and driving up the price of XRP. He also mentions the potential role of institutional liquidity providers and warns that banks could eventually deplete the public supply of XRP, leaving retail investors sidelined. However, his arguments rely on assumptions such as widespread regulatory clarity and institutional trust in the technology, which may not be guaranteed.
- Content Editor ( thecryptobasic.com )
- 2025-01-14
XRP Road to $20,000, Expert Mentions Possible Catalysts That Might Turn This Dream into Reality