XRP Supply Growth Casts Shadow on Price Targets

XRP's current price is $1.36, making 10,000 XRP worth $13,600 today. However, this value has decreased by 56% year-over-year but increased by 35% over the past month.

Standard Chartered predicts that XRP could reach $28 by 2030, which would make 10,000 coins worth $280,000. However, growing supply makes each higher price target harder to achieve by 2030 as Ripple releases up to 400 million XRP monthly from escrow.

Looking at the past performance of XRP, it's worth noting that 10,000 XRP was worth $38,400 in January 2018. Today, the same amount is only worth $13,500, a loss of roughly two-thirds of its value across eight years and two full crypto cycles.

It's essential to consider the impact of supply growth on price targets. If the market capitalization of XRP reaches $1.54 trillion at $24.50, it would roughly match Bitcoin's current size and surpass it if it reaches $28.