XRP Price At $10 Too Low? Pundit Says That’s For Retail, Reveals Institutional Targets

Crypto pundit XRP Queen has described an XRP price goal of $10 as being too low, claiming that this goal was from a retail investor’s perspective. She additionally steered how high the altcoin might go from an institutional standpoint. 

Pundit Claims XRP Price Target Of $10 Is Too Low

In an X post, XRP Queen acknowledged that individuals predicting XRP value targets of between $10 and $25 are nonetheless considering of retail price targets. This got here as she claimed that Ripple has been occupied with world infrastructures. The pundit highlighted the agency’s strikes, together with its acquisition of fee and custody infrastructure. 

Furthermore, XRP Queen famous that Ripple has built-in with banks, funds, and establishments, which she claimed is positioning the altcoin for real-time world settlement. The pundit additionally believes that the crypto agency has secured regulatory readability the place it truly issues, which is bullish for the XRP value. Lastly, she talked about that Ripple is actively pursuing a full banking license, having secured conditional approval from the Office of the Comptroller of the Currency (OCC). 

XRP Queen declared that Ripple’s strikes are how one builds monetary plumbing. “Systems don’t transfer in pennies. They transfer in orders of magnitude. Lock in,” she added. Regarding how high the XRP value might rise based mostly on institutional targets, XRP Queen steered the altcoin could reach $100. 

In an X post, she acknowledged that individuals chortle at an XRP value goal of $100 as a result of they value it like a meme, however that establishments value the altcoin like infrastructure. As such, she believes the altcoin might attain these value targets based mostly on its utility, particularly because it positive aspects traction as a token for real-time world settlement. 

Canary Capital CEO Makes Bullish Case For XRP

In a YouTube video, crypto pundit Cheeky Crypto highlighted an announcement from Canary Capital’s CEO, Steven McClurg, during which he stated that an XRP value goal of between $5 and $10 could sound like so much to a retail dealer. However, he believes that these value targets are a rounding error when one considers the trillions of {dollars} in liquidity required to settle world real-world assets (RWAs) at scale. 

Cheeky Crypto additionally highlighted McClurg’s assertion, during which he stated the XRP Ledger is already processing actual monetary transactions and boasts real-world monetary use circumstances, which he claims are drawing establishments’ consideration. 

Notably, the Canary Capital CEO had not too long ago predicted that XRP would dominate the RWA business, which is projected to turn out to be a trillion-dollar business in some unspecified time in the future. This might increase the altcoin’s utility because the XRP Ledger processes extra RWA transactions, sending the XRP value increased within the course of.  

At the time of writing, the XRP value is buying and selling at round $1.95, down within the final 24 hours, based on data from CoinMarketCap.