Ripple CEO Brad Garlinghouse has sparked speculation about the future of XRP after hinting at the possibility of the United States accumulating the cryptocurrency as part of a crypto reserve.
This has led to discussions about whether XRP’s price could rally to $100 amid growing adoption and regulatory developments.
Garlinghouse recently commented on the potential formation of a crypto reserve, emphasizing Ripple’s efforts to increase the likelihood of such a move.
While he did not explicitly mention XRP, his remarks have fueled speculation about the token’s inclusion in a potential US crypto reserve. This has raised hopes among investors, with some analysts predicting a significant price surge for XRP.
The Ripple team’s recent meeting with former President Donald Trump has further fueled these speculations. Trump’s administration has shown interest in prioritizing American-founded digital assets, which could include XRP.
However, critics have raised concerns about Ripple’s close ties with the Trump government, suggesting it could hinder the formation of a Bitcoin-centric reserve.
Despite the optimism, Garlinghouse has clarified that Ripple’s efforts are aimed at building a crypto strategic reserve that includes Bitcoin, not just XRP. He emphasized that Ripple’s mission aligns with the broader crypto community’s goals.
Nevertheless, the possibility of XRP being part of a US crypto reserve has generated significant interest, with some analysts forecasting a price target of $100.
Currently, XRP is trading at $3.14, showing consolidation despite high demand. For XRP to reach $100, its market cap would need to grow to $5.74 trillion—nearly five times Bitcoin’s current market cap.
While this seems unlikely in the near term, analysts believe XRP could achieve more modest targets, such as $5 to $20, by the end of the first quarter of 2025, driven by market trends and adoption.
In conclusion, while Garlinghouse’s comments have sparked excitement, the likelihood of XRP hitting $100 remains speculative.
Factors such as regulatory clarity, market trends, and adoption will play crucial roles in determining XRP’s future price trajectory. Investors should remain cautious and consider the broader market dynamics before making decisions.
