XRP price can theoretically reach the audacious two-digit level

Despite the prevalent price struggles, XRP has managed to maintain a market dominance above 4% for the past few months.

The price of XRP can theoretically reach the audacious two-digit level if the altcoin maintains its market dominance and the crypto market cap grows over 13x.

Despite the prevalent price struggles, XRP has managed to maintain a market dominance above 4% for the past few months. Interestingly, XRP’s market dominance stayed below 3% for over a year before the massive price spike in November 2024 that allowed the altcoin to scale up.

XRP’s Current Market Dominance

As XRP claimed a price of $3.39 in January 2025, dominance hit a 5-year peak of 5.58% but eventually collapsed as the pullback ensued.

Now, despite XRP failing to capitalize on the broader market’s latest recovery push, the altcoin still has a market dominance of 4.55%. This position is impressive, especially if XRP maintains this mark when the global crypto market cap reaches greater heights.

Notably, during the 2022 bear market, the global market cap fell to a low of $744 billion in December of that year. Interestingly, it spiked 401% to a new peak of $3.73 trillion in December 2024, as Bitcoin crossed the $100,000 mark.

Now, amid the market drawdown, the global crypto market cap holds steady at $2.9 trillion, up 10% this month. Notably, market analysts and Cardano Permabull Dan Gambardello suggested last June that the global crypto market cap could hit $40 trillion. However, he admitted that he could not tell when this forecast could materialize.

XRP Price if Global Crypto Market Hits $40T

If this forecast materializes with XRP maintaining its market cap dominance, the crypto asset could see an impressive spike in price. For instance, if XRP has a 4.55% market dominance in a $40 trillion global market, this will translate to a market cap of $1.82 trillion for the altcoin.

Meanwhile, CoinMarketCap data indicates that XRP currently has a circulating supply of 58.44 billion XRP tokens. Assuming this figure grows to 65 billion tokens when the global crypto market hits $40 trillion due to Ripple’s escrow releases, XRP’s $1.82 trillion will lead to a price of $28.

This forecast is extremely reasonable, given that XRP currently already boasts the market dominance necessary for this figure and also has the potential to grow beyond this dominance position.

Interestingly, in March, market commentator CrediBULL predicted that XRP has the potential to reach the $28 price mark. Also, analysts at the crypto platform Telegaon believe that XRP could actually reach $28 million in 2029, four years from now. While Changelly also expects this bullish goal to materialize, it sets the target year to 2031, two years further.

However, this massive growth in the broader crypto market cap would have a greater impact on Bitcoin’s price due to the crypto firstborn’s massive dominance. With a current market dominance of 64.28%, Bitcoin will have a market cap of $25.7 trillion if the global crypto market reaches $40 trillion.

Considering its circulating supply of 19.85 million tokens, this $25.7 trillion valuation would lead to a price of $1.295 million, nearly $1.3 million. Interestingly, Ark Invest’s Cathie Wood predicted last August that BTC could reach $1.3 million. In 2022, VanEck also projected a possible Bitcoin rise to $1.3 million.