An analyst explains why $XRP could become expensive and why a price of $1,000 is not out of the question.
Crypto analyst BarriC shared his vision about the possibility of XRP reaching a price of $1,000, even though this could raise its market value to nearly $100 trillion. He even went further, considering that reaching $50,000 for XRP remains "perfectly possible."
Why could XRP reach $1,000?
BarriC explained in a post on platform X that XRP must become a high-priced asset so that it can be easily divided and distributed among all banks and financial institutions around the world. He believes that this scenario will materialize if global banks and financial institutions adopt the currency and use it widely in their systems.
Accordingly, he confirmed that price levels like $1,000, $10,000, and even $50,000 are not impossible at all for XRP, even though the idea seems very ambitious when considering the potential market value. BarriC continues to assert that a high price is necessary to facilitate the use of XRP in large financial transfers.
In another post, he noted that XRP could end this year at around $100, with the potential to reach $1,000 as early as next year, acknowledging that achieving this requires the alignment of several factors, but emphasized that the crypto world is full of surprises.
What could enhance XRP's position in the global financial system.
