XRP Price Could Soar to $7 with $500 Billion Market Cap

XRP's market capitalization has been steadily increasing due to its popularity among investors. Popular analyst EGRAG CRYPTO recently explored what the asset would be worth if its market cap reached $500 billion.

To calculate this, EGRAG assumed that Ripple continues distributing tokens from escrow at its current pace. The current supply of XRP is 62.74 billion, according to CoinMarketCap. With a $500 billion market cap, the price would be around $8 per token.

However, the asset's supply does not remain constant. EGRAG estimated that Ripple distributes approximately 268 million tokens per month. If this pace continues through 2029, about 9.1 billion additional XRP would enter circulation, increasing the total to 71.9 billion.

The analyst calculated that a $500 billion market cap would translate into a price of around $6.96 per token, with a range of $6.85 to $7.20 depending on how quickly escrowed XRP enters circulation.