XRP Price Hinges on On-Chain Assets, Not Predictions

XDC developer Quincy Jones argues that XRP's long-term value will be driven by the scale of financial assets issued and moved across Ripple's network, rather than fixed price forecasts.

Jones rejected claims that anyone can reliably forecast XRP's price, stating 'So, anybody out there that's telling you they know where the price of XRP will go has no idea.'

According to Jones, XRP functions as a liquidity bridge for bonds, equities, currencies, and debt instruments. As more assets are issued on-chain and rely on XRP for movement and settlement, demand for the token could rise in tandem with the financial value it helps facilitate.

Jones offered hypothetical scenarios where XRP could reach $100, $100,000, or even $1 million depending on issuance volume. He noted that the liquidity required would expand significantly if substantial financial value moves through the system via both asset types.