XRP could theoretically reach $10,000, but Jake Community XRP believes only a few holders would remain invested long enough to see that price.
In a tweet, XRP commentator Jake Community XRP outlined how different investor groups could sell at progressively higher prices. An accompanying video expanded on the tweet by examining XRP’s supply, exchange balances, institutional accumulation, and potential future demand.
Most XRP Holders Could Sell Early
Jake Community XRP wrote, “XRP could never reach $10,000 because the elites wouldn’t let people become millionaires that easily.” The post then offered another reason XRP might struggle to reach that level.
The post estimated that 90% of investors would sell their entire XRP holdings at $10. It then suggested that another 9% would sell at $100, while 0.9% would exit at $1,000. According to the post, only 0.1% of XRP holders would remain until the asset reached $10,000.
Video Examines XRP’s Available Supply
The attached video focused heavily on XRP’s supply structure. The speaker said XRP has a maximum supply of 100 billion tokens and claimed that 62 billion XRP currently circulate in the market.
The speaker then focused on exchange balances. According to the video, only 1.6 billion XRP remain on exchanges and are available for immediate buying and selling. The speaker said investors have moved the rest into cold storage, institutional custody, or ETFs.
The video explained that this smaller exchange supply could become important if demand continues to increase. The speaker also claimed that XRP recorded 7 billion tokens in exchange outflows during February and attributed 91% of those outflows to whales and institutions.
Institutional Accumulation Drives The Argument
The speaker further highlighted the growth of wallets holding at least 1 million XRP. According to the video, these millionaire XRP wallets have started increasing again after several months of decline.
The video also cited US XRP ETFs and claimed that they now hold $1.1 billion in assets. The speaker argued that institutions could eventually use XRP for cross-border transactions instead of simply holding it as an investment.
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The speaker connected this potential demand to developments around the XRP Ledger. He noted that financial institutions have started building the infrastructure that could support greater XRP usage.
Demand Could Test Available Supply
The video also addressed Ripple’s escrow releases. The speaker estimated that Ripple releases roughly 200 million to 300 million XRP from escrow each month. At the same time, he noted that institutions continue removing XRP from the market.
The speaker believes this combination could create a situation where demand exceeds the XRP available for purchase.
Jake Community XRP’s post ultimately presents $10,000 XRP as a possibility that only a small percentage of holders may experience.
Disclaimer: This content is meant to inform and should not be considered financial advice. The views expressed in this article may include the author’s personal opinions and do not represent Times Tabloid’s opinion. Readers are advised to conduct thorough research before making any investment decisions. Any action taken by the reader is strictly at their own risk. Times Tabloid is not responsible for any financial losses.
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