In the crypto universe, XRP has been sending shockwaves recently on the heels of some wild price predictions and interest among the insiders. First, CryptoCharged Chief Operating Officer Matthew Brienen went on record to announce that XRP would trade in the $100 to $1,000 range in the next ten years. Besides this, technology mogul Elon Musk has also made a statement about the use of XRP in the financial sector, creating even more interest in this cryptocurrency.
XRP
XRP is a currency created by Ripple Labs to make instant and low-cost cross-border payments. Unlike the conventional currencies like Bitcoin, whose payments are settled by decentralized mining, XRP payments are settled by a network of servers using a consensus protocol and hence settles payments in approximately five seconds at nearly zero cost. This has made XRP feasible for instant usage in remittance services and cross-border money transfer.
Expert forecasts: Matthew Brienen’s opinion
Matthew Brienen is an experienced old-timer and a person who is staunch in their XRP potential belief. Recently, on YouTube, Brienen dropped a jaw-dropping bombshell in a video where he disclosed that he has invested 50% of his investment portfolio in XRP, which he purchased at the bottom of the past five years. Brienen shorts and longs on investments, selling half in profit and holding a high percentage for 5 to 10 years.
Brienen the optimist is also drawn out by XRP applications for remittance payments. He described, “I see the potential with remittance payments and sending money across the globe in five seconds for a fraction of a penny.” Technically, he would like to see XRP at $100 to $1,000 in a decade but admits this would be market cycles permitting.
Market capitalization considerations
As of Feb 13, 2025, XRP is priced at approximately $2.51 per token with a market cap of approximately $139 billion. To cost $100 to $1,000 would be a market cap of $5.7 trillion to $57 trillion, an increase of over 41,000% which has never happened in the history of the world. To compare, the largest floating cryptocurrency Bitcoin is approximately $1.2 trillion.
Comparative analysis to Bitcoin and Ethereum
Brienen is comparing the future performance of the growth of XRP to Bitcoin and Ethereum’s past performance.
Bitcoin has already reached a market capitalization of more than $1 trillion, and Ethereum stood at a half-billion-dollar market capitalization in the previous cycle. Very interestingly, Ethereum is more than 619,000% higher than its all-time low nine years ago, and Bitcoin is approximately 196,866,457% higher than its all-time low 15 years ago.
To put that into context, XRP appreciated by approximately 85,773% from its all-time low to the current time. In comparison to Bitcoin and Ethereum, whose historical performance is mind-boggling, XRP’s history is humble. However, Brienen believes in its mind-boggling performance in the next decade.
Community sentiment and alternative perspectives
Brienen is not alone in being optimistic about XRP.
There are other XRP experts who have made the same ambitious estimates for the triple-digit valuation of the asset. More positive experts have predicted that a $100 valuation is possible within this single year alone, while others believe that such dreams will be a reality much further away. Telegaon experts believe that even after 25 years, XRP will not reach $500, which is more negative.
Elon Musk’s take about XRP
Tesla and SpaceX CEO Elon Musk have also made public remarks about XRP.
In a town hall meeting in Pittsburgh, Pennsylvania, Musk was asked about the future of the XRP Ledger and who banks utilize it. Musk didn’t give outright endorsement but echoed the utilization of cryptocurrencies as a move towards having more personal freedom and staying away from central control. Ripple CEO Brad Garlinghouse responded to Musk’s statement, citing the bigger picture of regulation in cryptocurrency and where XRP stands in new finance.
