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CryptoTank argues institutional adoption could drive substantial XRP stockpiling.
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The theory has reignited focus on extreme $27 October forecasts alongside longer-term bullish calls.
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Ripple’s partnership with the Florida Gators has been celebrated for expanding XRP’s visibility.
A viral theory about institutional demand for XRP is adding fuel to the token’s bullish price debate, putting an earlier $27 October forecast back in focus.
XRP advocate CryptoTank argued that banks and governments could eventually accumulate large reserves of the token to keep a new financial system running for decades.
The debate comes as Ripple signs a multiyear partnership with Florida Athletics, bringing XRP branding to one of college football’s best-known venues.
However, the token’s price remains around $1.40, leading to some holders to question what will be the catalyst to finally move it higher.
Viral XRP Theory Predicts ‘Extremely High’ Prices
CryptoTank, who posts on X as @Tank2033js, claimed a chart published by the Bank for International Settlements showed that “19,998k XRP” could support 20 billion transactions.
Using his estimate that Citi processes 20 million transactions daily, he calculated that this would cover 1,000 days of the bank’s activity.
He then extended that comparison across thousands of banks, financial institutions, companies, and governments.
In his view, a future financial system operating for 80 to 100 years would encourage institutions to accumulate substantial holdings of XRP.
“The price will be extremely high folks!” he wrote.
However, the September BIS working paper examines a narrower application, using the XRP Ledger to verify the authenticity of official statistics.
The researchers tested a prototype on XRPL’s DevNet, a development network.
Their approach groups data into batches and records cryptographic fingerprints on the ledger, reducing the number of transactions required.
The research does not establish how much XRP global banks would need to hold, nor does it provide a forecast for XRP’s price.
Also, XRPL documentation lists the minimum fee for a standard transaction as 10 drops, equivalent to 0.00001 XRP.
At that minimum, 20 billion separate standard transactions would consume 200,000 XRP in fees, before any fee increases or other requirements.
$27 October XRP Price Call Returns to Focus
Despite the theory’s overstatement, the argument has renewed focus on one of many ambitious XRP forecasts circulating across the industry.
CryptoBull’s prediction is among the most aggressive in terms of timing.
Source: finance.yahoo.com