 Can XRP realistically hit $100 during the next bull run? In today's video, we're going to take a realistic view on whether or not XRP can hit $100 and what it would take for something like that to happen. What's up guys? My name is Jay and welcome to Bitcoin Daily. If you guys are new here, don't forget to subscribe and smash that like button. Also turn on the notification so you can stay up to date with everything crypto. So first, let's understand exactly what XRP Ripple is all about. XRP was created by Ripple Labs Incorporated, a technology company based in San Francisco. It was formed back in 2012 by Chris Larson and Jed McCaleb. Now it's important to clarify a common misconception. Ripple and XRP while related are not exactly the same. Ripple is the company that created and uses the XRP token in its product. So when we talk about XRP, we're referring to the token or the cryptocurrency not Ripple Labs. Now with that out the way, XRP was designed to enable faster direct asset transfers that are settled within seconds. It's also scalable, capable of handling 1500 transactions per second 24-7. Now let's talk about the Ripple network known as RippleNet. RippleNet is Ripple's network of institutional payment providers such as banks and money service businesses that use solutions developed by Ripple to provide a seamless experience to send money globally. It's designed for enterprise use and provides real-time on-demand payments between participants in the network. So now that we understand what XRP Ripple is, let's move on to the current state of XRP Ripple. Ripple is trading at 64 cents with a market cap of $33.8 billion making it the fifth largest cryptocurrency in the market today. Now if we look back at XRP's performance over the past few months or even years, it's been quite a rollercoaster ride to say the least. We've seen it hit some highs but also seen it hit some notable lows. Remember it's essential to note that the price of XRP just like every other cryptocurrency is very volatile and is influenced by a wide variety of factors such as market sentiment, economic conditions, regulatory news and more. A significant factor that has impacted XRP's price over the last few years is its case against the SEC. The SEC filed a lawsuit against Ripple Labs and two of its executives in December of 2020 alleging that they conducted a $1.3 billion unregistered securities offering. The lawsuit created a lot of uncertainty around XRP and a bunch of exchanges in the US even delisted XRP. However, recently a judge wrote that direct sales of XRP to institutional investors were sales of unregistered securities. However, all other sales and in particular sales of XRP through exchanges to retail investors were not sales of unregistered securities. This was a massive win for XRP which shot the price up over 90%. This ruling led the biggest exchanges in the US to relist XRP. So now the big question that I've been getting is can XRP actually hit $100 in the next bull run? So to understand that we need to understand the math behind it. Currently XRP has a circulating supply of about $52.7 billion. So for XRP to reach $100 the required market cap would need to be around $5.3 trillion to put that into perspective. As of the time of recording this video the entire cryptocurrency market cap is roughly $1.18 trillion. So for XRP to hit $100 not only would it need to be the entire market cap of cryptocurrency right now but it would need to be five times more that. Now if we're expecting Bitcoin to hit $100,000 during the next bull run and I feel like this is a conservative number. So right now Bitcoin's market cap is at $582 billion while XRP is at $33.7 billion. $33.7 billion is about 5.8% of Bitcoin's current market cap. So if we're thinking that Bitcoin's gonna hit $100,000 in the next bull run that would put Bitcoin's market cap at $1.9 trillion. Now 5.8% of $1.9 trillion would put XRP at about $110.2 billion which would put XRP's price at about $2. Now I know you guys are thinking during the last bull run XRP almost hit $2. Check this out. We're looking at a historical snapshot of XRP when it was at $1.56. At the time the market cap was about $70.9 billion. Even if we put the market cap right now to $70.9 billion, the price for XRP would be $134 billion. That's like at 2017-2018 when XRP hit a high of over $3. XRP's price here was $3.37, $130.8 billion. If XRP went to $130.8 billion market cap, today it would be about a dollar less than it was back in 2018 when it set that all-time high at $2.48 and the reason why is because of the circulating supply. The circulating supply back then was at $38.7 billion. The circulating supply now is at $52.7 billion and that number is only going to continue going up in the next two years when we're expecting to have that bull run peak. And of course during bull runs when out-season happens, Bitcoin also loses dominance against outcoins like XRP. But even if we doubled that 5.8% to let's say 10% at $220 billion market cap, that still puts XRP at only $4, definitely a new all-time high but nowhere near the $100 mark. And if you want to even say that XRP could potentially have 20% of Bitcoin's market cap at its all-time high, even at $380 billion market cap, which is 10x from where the market cap currently is right now, XRP's price still only gets to about $7 and that's not accounting for circulating supply growing. So all the way when against the SEC could definitely boost confidence in XRP and could lead to renewed interest and fuel more demand for XRP by institutions, taking into account new partnership, possible technological advancements within the Ripple network. I still think that reaching $100 is a very, very big long shot. Not something I'm expecting to see over the next bull run in the next two years but maybe something that happens over the next 10, 15, 20 years when the overall crypto market grows into a 10 or 20 trillion dollar market. So we've definitely covered a lot in this video. From what XRP is, its current state, its potential for reaching $100 and the possible realistic roadblocks that it might face. Now, as of the big question, can XRP hit $100? While the potential is there given the right set of circumstances, the current market conditions and the math just doesn't check out right now. Remember that this is just my personal opinion and not financial advice. I would love to hear your thoughts and comments on XRP. Do you think that it could hit $100? What factors do you think that could drive it to reach such prices? Or do you see the same roadblocks that we have covered here? Let's continue this conversation in the comments below. I read all your comments and replied to as many of them as I can. If you have found this video informative, please smash that like button and share it with your friends. If you haven't subscribed yet, consider doing so. And if you're looking to find the next 100X crypto, I have found a way to leverage millions of dollars in research to find that next 100X project. In this recent video, I show how to leverage the research and investments of three of the world's leading venture capitalist firms in crypto. Click on the video on the screen right now and I'll see you guys there. As always, peace and love.