XRP, the popular cryptocurrency associated with Ripple, is on an impressive upward trajectory, and renowned pro-crypto attorney John Deaton believes that it is on track to reach a massive $100 billion market cap.

In a recent tweet, Deaton expressed his optimism about XRP’s continued growth, highlighting its recent performance, which has seen a 30% surge in value. With XRP currently trading at $1.43, Deaton suggested that the asset is well-positioned to achieve a $100 billion market cap in the near future. He remarked, “Times are changing,” signaling his belief in XRP’s transformative potential.

XRP’s Market Growth and Current Performance

At the time of Deaton’s statement, XRP’s market cap stood at approximately $80 billion. The fully diluted market cap, which accounts for the maximum potential supply of XRP, is around $140 billion. This represents a remarkable increase for the asset, especially when compared to just a few weeks ago. On November 10, XRP’s valuation was only $33.5 billion when it was trading at around $0.59. In less than two weeks, XRP has nearly tripled in value, a feat that has garnered the attention of both crypto enthusiasts and analysts alike.

Achieving $100 Billion Market Cap

To reach a $100 billion market cap, XRP only needs to add another $20 billion. Given the cryptocurrency’s strong bullish momentum, this milestone now appears achievable. A market cap of $100 billion would correspond to an XRP price of approximately $1.756, which is still below its 2021 peak price of $1.96.

In fact, during its 2021 peak, XRP reached a price of $1.96 on April 14, but its market cap was only $83.5 billion at the time, largely due to a smaller circulating supply. Thus, even at a lower price point, achieving a $100 billion market cap would be a significant accomplishment for XRP, putting it back on the radar of investors and institutions alike.

Historical Context and $100 Billion Milestone

Interestingly, XRP has reached the $100 billion market cap in the past. Between January 2 and January 8, 2018, XRP achieved a market cap of $100 billion when it briefly traded in the $3 range. During this period, XRP surpassed Ethereum in market valuation, marking one of the cryptocurrency’s highest points in its history. However, the $100 billion mark has remained elusive for XRP in recent years, despite the asset’s continued growth and its strong position within the crypto market.

XRP Among Crypto’s Top Performers

XRP’s recent surge has been one of the most significant in the cryptocurrency market. While many top assets have experienced price fluctuations, XRP’s price increase of 30% in just one day stands out. This rally coincides with Bitcoin’s upward movement, as the flagship cryptocurrency broke through the $99,300 mark, just shy of the widely anticipated $100,000 milestone.

At $1.43, XRP is now trading at one of its highest points in the past three years, a level last seen during the 2021 bull cycle. This climb follows a five-day consolidation period during which XRP briefly touched the $1.26 mark over the weekend. Since then, the cryptocurrency has resumed its upward trend, positioning itself to surpass its previous 2021 peak of $1.96.

Market Outlook and Deaton’s Optimism

John Deaton’s prediction that XRP could soon hit a $100 billion market cap is in line with the bullish sentiment shared by other crypto experts. The attorney has long been a supporter of XRP and Ripple’s legal battle with the U.S. SEC, often providing analysis on the case’s potential impact on XRP’s future. Given the asset’s current price action and the general market sentiment, many believe that XRP’s growth could continue in the coming months.

The growing institutional interest in XRP, along with Ripple’s continued developments, further supports the case for a $100 billion market cap. As XRP moves closer to its $100 billion milestone, it will be interesting to see if the momentum can be sustained and whether it will challenge its previous all-time high.

In conclusion, with XRP’s strong performance, market cap growth, and bullish outlook, the digital asset could be on the verge of achieving significant milestones in the near future. Deaton’s confidence in XRP’s potential, coupled with the asset’s recent gains, suggests that the times may indeed be changing for this prominent cryptocurrency.