Ripple (XRP) to $10,000: A Pipedream Unveiled


A recent article caught my attention, suggesting that the price of Ripple’s native cryptocurrency, XRP, could reach an astronomical $10,000. The article leans on the utility XRP supposedly offers through RippleNet technology, positioning itself as a replacement for the SWIFT system.

The Current State of XRP

To set the stage, it’s crucial to acknowledge the current state of XRP. As of now, XRP is trading at $0.63, and the total supply is capped at 100 billion. In order for XRP to reach $10,000, the market capitalization would need to soar to an unfathomable $100 trillion. This is a gargantuan leap, especially when considering that the entire cryptocurrency market cap at the time of writing is hovering around $2 trillion.

The RippleNet Hype

The article hinges on the idea that XRP’s price surge to $10,000 is contingent on RippleNet successfully replacing the SWIFT system. The SWIFT network facilitates transactions totaling “hundreds of trillions worldwide,” according to the author. However, such a claim oversimplifies the intricacies of global financial systems. The adoption of RippleNet does not guarantee a wholesale abandonment of the existing SWIFT infrastructure, which has a well-established global presence.

Blockchain Technology and Real-Time Settlement

The article underscores the advantage of XRP’s real-time settlement using blockchain technology. While this is a notable feature, it’s important to recognize that the cryptocurrency space is dynamic, and many projects, including Bitcoin and Ethereum, are actively working on scalability and efficiency improvements. Additionally, comparing XRP to SWIFT, Bitcoin, and Ethereum might be misleading, as they serve different purposes and operate on distinct technological frameworks.

Ripple CEO’s Optimism

The article draws parallels between the views of the XRP community figure, Edward Farina, and Ripple CEO Brad Garlinghouse. Garlinghouse has indeed expressed optimism about Ripple’s progress, but optimism doesn’t necessarily translate to a specific price prediction. Furthermore, the onboarding of 100 banks, some being SWIFT-enabled, does not guarantee a meteoric rise in XRP’s value.

The Fallacy of Comparing XRP to Stocks

Analogizing XRP to established stocks like Microsoft and Apple, as mentioned by a pro-XRP Wall Street financial analyst, Linda Jones, oversimplifies the unique characteristics of cryptocurrencies. Stocks represent ownership in a company, entitling shareholders to dividends and voting rights. Cryptocurrencies, on the other hand, are fundamentally different and do not inherently generate income for holders.


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Bitcoin Maximalist and Toxic to our banking and monetary system. Separation of money and state is necessary just like the separation of religion and state in the past.

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