As XRP holders eye the elusive $100 milestone, a popular voice in the crypto community has ignited fresh debate by challenging traditional valuation logic.
John Squire, a crypto investor with over 520,000 followers on X, posted a thread Wednesday dismantling the widely held belief that XRP’s market cap places a ceiling on 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,” Squire wrote, noting that the price ceiling “is made of cardboard.”
Notably, Squire’s core argument hinged on a fundamental misunderstanding of market capitalization, which he described as a “vanity metric.” According to him, the concept of market capitalization is fundamentally misunderstood in the crypto space.
“Market cap ain’t a wall, it’s just price multiplied by supply,” he explained. “It doesn’t represent actual money, liquidity, or demand. Saying XRP can’t moon because of market cap is like saying no one can afford a Ferrari because the average salary is low.”
He argued that market cap is a passive calculation, not a barrier, that fails to account for real-world dynamics like investor behavior, liquidity inflows, and token availability.
He further pointed to liquidity as XRP’s secret weapon. A historical example showed that an $80 million inflow once pushed XRP’s market cap up by $17 billion, demonstrating how small amounts of capital can trigger massive moves. “That’s pure leverage on steroids,” Squire said, emphasizing that less than 5% of XRP’s total supply is actively traded, while the rest is locked up or being held by long-term investors.
This scarcity, he argued, creates the perfect storm for a price explosion when demand rises.
The pundit further highlighted XRP’s strong real-world utility potential. “XRP isn’t a meme coin. It was built to move money across borders,” he wrote. “This is infrastructure, not fantasy.” According to the pundit, with real-time settlement capabilities and existing partnerships with banks and financial institutions, XRP already plays a role in global payments.
He also 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, he noted these considerations could easily push XRP to $100 this cycle.
“$8B in inflows could push it to $30–$40 easy. Now throw in ETFs, global adoption, and some well-timed FOMO… $100 isn’t crazy. It’s possible.”
Supporting this outlook, analysts at Sistine Research compared XRP’s current setup 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.” The analysts wrote on Wednesday. “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, representing a 3.61% decline over the past 24 hours.