XRP, the cryptocurrency associated with Ripple, has seen remarkable growth in the past decade, but it still faces challenges in terms of price potential. However, if XRP’s market cap were to mirror that of JPMorgan Chase—the world’s largest bank by market cap—it could push the cryptocurrency’s price into double-digit figures. Currently, XRP is valued at $127 billion, but could this rise to a staggering $677 billion, a level that would align with JPMorgan’s market cap? If so, XRP could see its price surge to as high as $11.60.

XRP’s Growth So Far

XRP’s journey has been impressive since its humble beginnings. Ten years ago, the cryptocurrency’s market cap was a mere $330 million, according to CoinMarketCap. Fast forward to today, and XRP is the fourth-largest crypto asset by market capitalization, boasting a valuation of approximately $127 billion. This represents an astonishing 38,384% increase in just a decade.

Despite this impressive growth, many XRP supporters believe the asset remains undervalued. Much of this sentiment is attributed to the ongoing legal battle between Ripple and the U.S. Securities and Exchange Commission (SEC). This lawsuit has lasted over four years and has undoubtedly hindered XRP’s price growth and market cap. However, there are increasing signs that a potential settlement could be on the horizon, leading to renewed optimism within the XRP community.

XRP’s Price Potential If It Matches JPMorgan’s Market Cap

To understand the potential price surge, let’s take a closer look at what would happen if XRP’s market cap were to rise to the level of JPMorgan Chase, which currently sits at $677 billion. With XRP’s circulating supply at 58.04 billion tokens, a market cap of $677 billion would equate to a price of approximately $11.60 per XRP.

This would be a significant leap from its current price of around $2.35. In fact, to reach $11.60, XRP would need to rally by 429%, a massive jump in value. If XRP were to hit this price point, it would mark a new all-time high and signal a major milestone for the cryptocurrency.

Why is XRP Still Underpriced?

The ongoing SEC lawsuit has been a significant factor in holding back XRP’s price growth. Despite this, many analysts and investors believe that the cryptocurrency has the potential to shine once regulatory clarity is achieved. Ripple’s involvement in cross-border payments through partnerships with major financial institutions only strengthens the case for XRP’s future value. The cryptocurrency is seen as a key player in the global payment ecosystem, offering faster, cheaper, and more efficient transactions compared to traditional methods.

Additionally, XRP’s potential to capture a larger share of the global financial system is another reason behind the optimistic projections. Many believe that as Ripple continues to expand its partnerships and reach, the market cap of XRP could increase significantly, potentially bringing its price closer to the $11.60 mark if it catches up with JPMorgan’s valuation.

Can XRP Reach $11.60?

While it’s impossible to predict with certainty, the idea of XRP reaching a market cap of $677 billion and pushing its price to $11.60 is not entirely out of the realm of possibility. Several factors could contribute to this dramatic increase in price. These include a successful resolution to the SEC case, continued adoption of Ripple’s technology, and broader market trends favoring cryptocurrencies.

In the past, XRP has demonstrated resilience, bouncing back from significant price corrections and rising to new all-time highs. If the cryptocurrency continues to gain acceptance within the global financial system and achieves regulatory clarity, its market cap could certainly grow in the coming years. Whether or not it can reach JPMorgan’s level, however, remains to be seen.

Conclusion

XRP’s price could potentially soar to $11.60 if it were to reach JPMorgan Chase’s market cap of $677 billion. While this would require a 429% increase from its current price, it’s important to remember that cryptocurrencies, especially XRP, have a history of dramatic price swings. As XRP continues to gain momentum, especially if the SEC case is resolved in its favor, its market cap could grow significantly, driving its price upward. For now, XRP holders and investors will continue to watch closely, hoping that the cryptocurrency reaches new heights in the near future.