XRP Price Potential Tied to Network Liquidity, Not Fixed Targets

XDC developer Quincy Jones has shared his thoughts on how XRP can reach very high prices. He rejects the idea that anyone can confidently predict XRP's future price, saying 'So, anybody out there that's telling you they know where the price of XRP will go has no idea.'

Jones believes that XRP functions as a financial instrument and provides liquidity between different financial instruments, including bonds, stocks, and currencies. He thinks that if more assets move onto a network that uses XRP for liquidity, its role could grow.

The developer connected XRP's potential value to the assets issued on the network, explaining that it can facilitate the acquisition and movement of those assets. This means that the financial value represented on the network could influence demand for liquidity.