XRP Could Reach $7 if Market Cap Hits $500 Billion by 2029

EGRAG Crypto, a well-known cryptocurrency analyst, has made a prediction about XRP's future price. According to EGRAG Crypto, if the market capitalization of XRP reaches $500 billion by June 2029, the coin could price near $7.

The analysis took into account current and projected supply figures. Currently, XRP has an estimated circulating supply of 62.74 billion tokens, while Ripple has sustained a net distribution pace of about 268 million XRP monthly.

EGRAG Crypto extended this distribution rate through June 2029 to add roughly 9.1 billion XRP to the market, resulting in an anticipated circulating supply of approximately 71.9 billion coins at that time.