"Even $1,000 is laughable"...Famous commentator predicts XRP to reach $100,000

▲ XRP/ChatGPT generated image

A claim has been made that even a $1,000 forecast for XRP is not an overstatement. Cryptocurrency commentator Remi argued that if XRP's scope of utilization expands, $1,000 is not a big target, and its actual value could be much higher.

NewsBTC reported on May 9 that Remi stated via X (formerly Twitter), “Those who think XRP reaching $1,000 is a big deal haven't been out in the real world.” He argued that even considering only the utility of the Depository Trust & Clearing Corporation (DTCC), XRP could not be lower than $100. Remi believes that DTCC-related utility could attract “trillions of dollars” in funds.

Remi argued that if SWIFT (Society for Worldwide Interbank Financial Telecommunication), tokenization, US debt, Special Drawing Rights (SDR), and the entire banking system are included, XRP would struggle to support those use cases without slippage if its value were less than $1,000. He stated that if the bull cycle ends quickly, the XRP price is likely to remain in the triple digits, but if the cycle extends, it could exceed $1,000.

He presented trading volume and adoption rate as necessary conditions for XRP. Remi believes these factors will follow over time, and the adoption rate will also be fast. NewsBTC reported that with increased activity on the XRP Ledger, the network's total tokenized value has exceeded $3 billion.

Remi suggested that if the US crypto market structure bill is signed into law by July and the bull cycle ends in September, XRP might not have enough time to mature before the cycle concludes. However, he argued that XRP could continue to rise even amidst an economic recession, potentially surpassing $1,000 not in early 2027, but by the end of the same year.

The most aggressive forecast came from the possibility of electronic Special Drawing Rights (e-SDR). Remi claimed that if XRP becomes the settlement rail for the global financial system, it could rise to $100,000 in the near future. He expressed confidence that if the International Monetary Fund (IMF) or the Bank for International Settlements (BIS) designates XRP as an e-SDR, XRP could jump to $5,000 overnight, and this scenario will eventually materialize.

*Disclaimer: This article is for investment reference only, and we are not responsible for any investment losses based on it. The content should be interpreted for informational purposes only.*