Recently, a striking prediction has emerged in the cryptocurrency circle: XRP may soar to $10,000. This bold assertion has sparked widespread discussion in the industry, with some feeling enthusiastic and others taking a skeptical stance. As a result, several analysts have delved into the potential impacts of ETF, institutional investment, financial status, and other factors on the price of XRP.

However, cryptocurrency expert Joshua Jack is cautious about this prediction. He points out that even after the approval of the Bitcoin ETF, its price did not reach the expected $100,000. Jack emphasizes that for XRP to reach $30, its market value would need to increase several dozen times, and a target of $10,000 would mean that the market value would exceed the total global wealth, which is nearly impossible in reality. While the ETF can enhance liquidity, it is difficult to drive prices up significantly based solely on this.

There is a view that if global banks widely adopt XRP, its price will rise significantly. However, Jack points out that the nearly 100 billion total supply of XRP is a significant barrier. Even with widespread use by banks, the massive supply will suppress a substantial price increase.

In comparison with Bitcoin and Ethereum, XRP faces significant challenges. Ethereum, as a leader in decentralized finance and the NFT space, has a market capitalization of over $500 billion, and its ecosystem is much richer than that of XRP. Bitcoin, as the mainstream digital currency globally, is recognized not only by the United States and the International Monetary Fund but has also found application in the carbon credit market. In contrast, XRP lacks the same level of institutional support and primarily relies on the fiercely competitive cross-border payment market, with a market capitalization far lower than that of Bitcoin and Ethereum.

Looking ahead, the price trend of XRP will be influenced by various factors, including regulatory environment, technological innovation, market competition, etc. The price advantages of Bitcoin and Ethereum are mainly reflected in their widespread recognition, mature ecosystem, and ongoing technological innovation.

Despite the numerous challenges faced by XRP, its application prospects in the field of cross-border payments are still worth paying attention to. Future development will depend on whether it can stand out in a highly competitive market and whether it can expand more practical application scenarios. As the encryption currency market continues to evolve, the fate of XRP will continue to attract attention and discussion within the industry.