XRP Market Cap Could Explode to $1T As Crypto Market Enters a Renewed Bullish Phase

As the crypto market enters a renewed bullish phase in May, analysts are projecting a trillion-dollar market cap for XRP.

Crypto market analyst Capt Toblerone has shared his expectations for how high the global crypto market could grow by the end of this bull cycle.

Specifically, the analyst predicts a massive $35 trillion crypto market by 2026. In this scenario, he projects Bitcoin's dominance, currently around 64%, to drop significantly to 16%.

This substantial decline would provide the broader altcoin market with ample room to thrive, allowing tokens like XRP to reach historic peak values.

Crypto Market to $35T, Bitcoin to $300K

For context, the global crypto market currently stands at only $3.03 trillion. Essentially, Toblerone is predicting more than a 10X expansion of the market by next year.

In this scenario, he projects Bitcoin's price would be $300,000 per coin—about 3X today's price of $96,500. This would equate to a $5,928 billion market cap for Bitcoin.

Meanwhile, he projects that Ethereum would reach an astonishing market cap of $3,609 billion. This would propel ETH's price to $30,000 per coin.

For context, Ethereum is trading today at $1,830 with a market cap of $220 billion. Reaching $30,000 with a $3.61 trillion cap would mean a massive growth of 1,540%.

XRP Price at $1.2 Trillion

Toblerone projects a similarly promising scenario for XRP. Specifically, he estimates that XRP could reach a lofty $1.2 trillion market cap.

Currently, XRP is trading at $2.20 with a market cap of $129 billion. Toblerone anticipates that XRP's unit price could reach $22 if its market cap climbs to $1.29 trillion. This is essentially a 10X increase from today's price.

To put this in perspective, $10,000, which could buy approximately 4,500 XRP today, would be worth around $100,000 at that projected price.

Moreover, Toblerone's $22 price target for XRP aligns with forecasts from other analysts. Bitcoin analyst Davinci Jeremie recently reiterated his $24 price target for XRP, stating that XRP has a good chance to hit that level this year.

Likewise, Korea's Elliott Wave analyst XForceGlobal projects XRP could reach $10 to $40 during this cycle. A $40 price would imply a $2.32 trillion market cap for XRP.

Others, such as Javon Marks, have proposed even more ambitious projections, calling for a $100 XRP price by the end of this cycle. This would equate to a nearly $6 trillion market cap for the token.