MagicPoopCannon has explored the idea of XRP hitting $440
$440 per XRP would put its market cap at close to $20 Trillion
His analysis and $440 target is based on a worldwide case of hyperinflation and central banks continually printing fiat
$440 is a bit extreme with the TradingView community pointing out it is unrealistic
The digital asset of XRP has continued on its impressive parabolic run hitting a two-year high of $0.78 – Binance rate. This means that the remittance coin of XRP has increased in value by 225% in the month of November alone. At the time of writing, XRP has dropped to the $0.71 price area as investors anticipate more bullishness from the digital asset.
$440 Per XRP due to Runaway Inflation and Money Printing
According to Bitcoin and Crypto analyst, MagicPoopCannon, XRP could go as high as $440. His analysis is based on a worst-case scenario of global hyperinflation and continual money printing by central banks.
Here is the technical case for how XRP could possibly rise to $440…I know there will be people who comment how that would make XRP worth trillions (around $20 trillion according to my calculations) and that such a feat is impossible for a cryptocurrency like XRP.
I just want to end that argument by reminding everyone that the global money supply is constantly expanding. A $20 trillion dollar XRP market cap would be hard to imagine with the current global monetary supply, but the global money supply already appears to be entering a period of accelerated expansion.
Continuous printing and runaway inflation could easily make this a possibility, and with the looming global debt crisis in the background, nothing is beyond the realm of reason