In a post on X, crypto educator Common Sense Crypto provided several reasons to convince skeptics of XRP coin’s potential to exceed $100. Critics who deny that XRP can reach such a value argue that its large market cap is the biggest hurdle to achieving this target.

However, the crypto educator offered some counterarguments:

Reasons Why XRP Could Surpass $100

First, he mentioned that Ripple CEO Brad Garlinghouse predicted earlier this year that the crypto market could reach a value of $5 trillion. Currently, the global crypto market is around $2.4 trillion. Garlinghouse had stated that even a $5 trillion market cap is a cautious estimate for this bull market.

Inspired by Garlinghouse’s optimistic forecast, Common Sense Crypto sees significant potential in the altcoin’s value.

He also highlighted the ambitious plans of Archax, a leading UK crypto exchange. Archax plans to process $50 trillion worth of tokenized value through the XRP Ledger in the coming years. This ambitious plan was revealed by CEO Graham Rodford at Ripple’s Swell conference last year.

While the crypto educator does not have detailed information on how Archax will achieve this, he pointed out that Archax is not the only partner in tokenization, and this development could impact XRP’s value. Therefore, he believes that a $100 price tag is a realistic possibility.

However, some industry experts, like Anodos Finance co-founder Panos Mekras, argue that Rodford’s claim of XRPL processing $50 trillion worth of tokenized value is “completely absurd” and practically impossible.

Common Sense Crypto also suggested that the conclusion of Ripple’s three-and-a-half-year lawsuits could contribute to XRP reaching $100. He noted that institutional investors might enter the market to “gain an edge before the competition” following this development.

Finally, he emphasized that XRP’s public supply is rapidly decreasing and that demand for XRP could increase. According to recent records, a total of 12,620,915.2 XRP has been burned from the maximum supply of 100 billion.

XRP Coin’s Path to $100

The educator stated that for XRP to surpass $100, it would need a market cap of $5 to $10 trillion. While acknowledging the challenges of this ambitious target, he expressed that he does not want to bet against what the future might hold.

Currently, XRP is trading at $0.6032, having gained 0.53% in the last 24 hours.

Note: This is not investment advice