Researcher Says XRP Can Reach $1,000 If Bitcoin Can Reach $1 Million

A fresh debate has emerged in the crypto community about the prospect of XRP reaching $1,000 amid popular calls for Bitcoin to hit $1 million.

While the outlook of Bitcoin trading above $1 million has gained widespread acceptance, the idea of XRP reaching $1,000 has been met with great skepticism. Meanwhile, XRP proponents are not backing down from their outlook.

$1,000 XRP Means a $59 Trillion Market Cap

His comments sparked strong reactions from across the crypto space. Many other industry commentators sided with him, highlighting other popular inflated price expectations among the XRP Army, such as the $10,000 price target. Meanwhile, XRP supporters saw the dismissal as narrow-minded.

Why Can’t XRP Cap Be Twice the US GDP?

Dom Kwok, co-founder of the platform EasyA, challenged the notion that trillion-dollar valuations are off the table. “Why can it [XRP’s market cap] be twice the U.S. GDP or more than half the global stock market?” Kwok asked.

In his view, rejecting these possibilities isn’t grounded in logic but in a lack of imagination. He cautioned that taking such a narrow view could ultimately seem short-sighted in retrospect.

Other XRP proponents agree with Kwok’s view, arguing that XRP may someday surpass the barriers currently seen as limitations.

If Bitcoin Can Reach $1 Million, XRP Can Reach $1,000

Currently, Bitcoin trades around $115,500 with a market cap of approximately $2.3 trillion. XRP is exchanging hands at $2.94 with a $174 billion market cap, ranking third globally.

Anderson’s point is that if market sentiment and adoption can carry Bitcoin that far, there’s no reason XRP can’t follow a similar path.

Meanwhile, Bitcoin only needs to expand 10X from its current price to hit $1 million. This would bring its market cap near $21 trillion, still below the valuation of gold, the most valuable asset globally, with a $22 trillion cap.

On the other hand, XRP needs to grow by over 33,200% from its present level to hit $1,000, resulting in a market cap of $59 trillion that would exceed the combined valuation of gold, Bitcoin, Apple, NVIDIA, and Microsoft

This makes critics dismiss the projection as unrealistic, as such a price would put XRP ahead of other globally valuable assets.

Notably, some industry leaders who have forecasted XRP’s $1,000 price target have set timelines ranging from 2026 to 2035. Around this same time, many believe Bitcoin would hit $1 million.