As XRP Holders Eye the Elusive $100 Milestone

As XRP holders eagerly await the token reaching the $100 mark, a well-known crypto community voice has sparked heated discussion by challenging the traditional valuation logic.

John Squire, a crypto investor followed by over 520,000 on X (formerly Twitter), posted a thread on Wednesday dismantling the common assertion that XRP’s market cap limits its price potential.

“They say XRP can’t hit $100 because of market cap. Bro, if you’re still using Excel logic to predict the future, you’re already late,” said Squire, adding that the price ceiling “is made of cardboard.”

According to Squire, the issue stems from a fundamental misunderstanding of market capitalization, a metric he described as a “vanity stat.”

"Market cap ain’t a wall, it’s just price multiplied by supply. It doesn’t represent actual money, liquidity, or demand," he explained. "Saying XRP can’t moon because of market cap is like saying no one can afford a Ferrari if the average salary is $50K."

He argued that market cap is a passive calculation, not a barrier, and it fails to consider real-world dynamics like investor behavior, liquidity inflows, and token availability.

Highlighting liquidity as XRP’s secret weapon, Squire shared a historical example where an $80 million inflow once pushed XRP’s market cap up by $17 billion. “That’s pure leverage on steroids,” he said, adding that less than 5% of XRP’s total supply is actively traded, with the rest being locked up or held by long-term investors.

This scarcity, he argued, creates the perfect storm for a price explosion when demand rises.

The pundit also pointed out that XRP has strong real-world utility potential. "XRP isn't a meme coin. It was built to move money across borders. This is infrastructure, not fantasy," he wrote.

With real-time settlement capabilities and existing partnerships with banks and financial institutions, XRP already plays a role in global payments, according to the post.

Furthermore, Squire highlighted the expanding XRP ecosystem, including EVM-compatible sidechains, DeFi platforms, and passive income tools, as indicators that XRP is evolving beyond a single-purpose asset.

That said, Squire noted these considerations could easily push XRP to $100 this cycle.

"$8B in inflows could push it to $30–$40 easily. Now throw in ETFs, global adoption, and some well-timed FOMO… $100 isn't crazy. It's possible."

This outlook comes as analysts at Sistine Research have compared the current setup for XRP to its 2017 rally, suggesting a repeat of the same.

"Target for XRP is $33 - $50. Feels a bit conservative as we're following a very similar pattern as 2017, but much larger."

"If you're willing to measure as a cup and handle, targets could be as high as $77 to $100."

At the time of writing, XRP was trading at $2.20, showing a 3.61% decrease in the past 24 hours.