XRP Price Hitting $1,000 Is ‘More Probable Than You Think’ – Here’s Why

This weekend will go down as one of the most boring ones in crypto history. Price of popular altcoins literally barely moved. The XRP price is in this category too as it’s hovering around $3.10 mark for a few days now.

The $10,000 XRP Narrative

Analyst Vincent Van Code recently set X (formerly Twitter) ablaze with a mind-bending thread about XRP’s potential future. With 22,000 followers hanging on his every word, he dove deep into a scenario that sounds crazy at first glance: XRP potentially reaching $10,000.

“Most people have heard of the ‘#XRP to $10,000’ narrative,” Van Code wrote. “While it is unlikely, it is actually more probable than you might think.”

His argument centers on XRP becoming a global cross-border currency. The key? Liquidity. Van Code argues that $10,000 isn’t just a random number – it’s a strategic price point that could facilitate massive global transactions.

Breaking Down the Hypothesis

Van Code outlined several provocative points:

First, global currency requires massive liquidity. A $10,000 price tag could make XRP a serious player in international finance. He noted that the massive market cap doesn’t necessarily mean an equivalent amount of money needs to flow in.

Second, he proposed an intriguing government strategy. The U.S. would need to acquire around 40-45 billion XRP quickly to prevent foreign states from dominating the market. Conveniently, the current XRP escrow and Chris Larsen’s holdings are close to this amount.

Van Code suggests a rapid, strategic move could happen overnight. Countries like China, Russia, Iran, and North Korea might quickly buy up major XRP holdings, creating massive financial reserves.

Read also: Onyxcoin (XCN) Price Is Pumping Out of Control – YouTube Analyst Explains Why

The Global Financial Chess Game

When a follower questioned how the government could “just set the price,” Van Code had a nuanced response. He suggested using special-purpose Treasury Bills with extremely low interest rates, spanning 50 years.

His wildest claim? The U.S. could potentially hold $400 trillion worth of XRP – a reserve that could never be sold. This would allow the country to regulate global liquidity and stabilize supply like a global treasury.

Van Code emphasized that these are just thought experiments. “None of this is real and only my thoughts,” he clarified. “I’m throwing this out to see what flaws might exist.”

The analyst believes XRP wouldn’t compete with the USD, but rather give the U.S. a new form of financial dominance. He argues this could help reduce U.S. debt and stabilize the dollar without causing inflation.

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Petar Jovanović
Petar Jovanović

As the Head of Content at Captainaltcoin, I bring years of experience in the crypto industry. With a strong belief in the potential of the web3 market since 2017, I'm passionate about sharing valuable insights and knowledge. Feel free to connect with me on LinkedIn and let's discuss the exciting world of cryptocurrencies and decentralized technologies!

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