An analyst tracking XRP says the token could eventually push past $9, though he’s careful to frame that as a long-term possibility rather than a near-term prediction, pointing instead to a growing list of fundamental developments that he argues have yet to be reflected in price.
Price Action Right Now
XRP is trading just under $1.10, attempting a relief bounce off a June 6 low. The analyst is watching for a daily close above $1.16, and eventually $1.24, as signs the bounce has real strength behind it.
He was clear that he isn’t expecting a rapid move to $2, describing the current setup as similar to previous short-lived relief rallies rather than a confirmed reversal.
The Main Argument: Price Lags News
The analyst’s central point is that positive fundamental developments tend to build for extended periods before price catches up, using 2022 to 2024 as a reference point when XRP saw a run of over 1,000% following a long stretch where fundamentals were improving while price stayed flat.
Recent Data Points Cited
Several data points were raised as evidence of ongoing adoption:
- Forbes ranked XRP fourth among cryptocurrencies, placing it above Solana, Cardano, Chainlink, Dogecoin, Avalanche, and Hyperliquid, with only Bitcoin, Ethereum, and BNB ranked higher. Forbes attributed the ranking to XRP’s use in real-world payments, global finance, and institutional adoption rather than speculative trading alone.
- More than $1.3 billion has flowed into XRP ETFs since launch, according to figures cited in the video.
- BlackRock, Goldman Sachs, JPMorgan, and Morgan Stanley are among 54 firms, including Coinbase, Ripple, and Circle, that have joined a UK government tokenization task force focused on live use cases starting with tokenized repo transactions.
- XRP Ledger’s tokenized asset value has grown from roughly $150 million to more than $4 billion over the past year, with more than 500 tokenized products now live on the network.
- The XRP Ledger led all major blockchains in real-world asset inflows over the past 90 days, at $1.9 billion, ahead of Ethereum, Stellar, BNB Chain, and Solana over that same window.
- Stablecoin market cap on the XRP Ledger rose more than 13% over the past 30 days to roughly $1.02 billion.
The Bigger Picture, According to the Analyst
He pointed to the total crypto market cap, currently around $2.21 trillion, as evidence of how far the industry has grown since 2020, when the market cap fell below $500 billion and sentiment was broadly negative. The argument is that adoption metrics, rather than short-term price action, are what typically signal where a market is heading over a longer time horizon.
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