XRP Could Hit $35 If It Matches Bitcoin’s Market Cap, Analyst Reveals

A fresh wave of attention has hit the XRP market after a crypto analyst made a bold price projection. According to a recent post on X, analyst Amonyx claimed XRP could exceed $35 if it reached the same market capitalization as Bitcoin.

Using a circulating supply of approximately 19.9 million tokens, Bitcoin has a market cap of approximately 2.14 trillion dollars. XRP, by contrast, circulates a much higher amount of coins, nearly 58.94 billion, with a market cap of close to 130 billion dollars.

Amonyx’s claim was backed by a simple calculation that involved dividing Bitcoin’s market cap by XRP’s total supply, resulting in an estimated value of $36.31 per XRP. As XRP currently trades at almost 2.19 dollars, this would bring it a price increase of more than 1,500 percent if it had previously approached such an evaluation.

Many of its users are revisiting the long-term viability of XRP this time by comparing it to the market cap.

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Institutional Endorsements Strengthen XRP’s Market Position

Momentum around XRP has also grown due to rising institutional support. In March 2025, U.S. President Donald Trump signed an executive order designating XRP among a group of digital assets recognized as part of a strategic crypto reserve. Others included in the list were Bitcoin, Ethereum, Solana, and Cardano.

XRP community members received the step positively, viewing it as a sign of escalated federal interest. Ripple, the company behind XRP, has long worked to advance blockchain-based payment solutions. Its partnerships with financial institutions and central banks are still boosting the application of XRP in making real-time cross-border settlements.

There is also a growing debate on whether there will be investment products whose backing will be XRP. Although XRP spot ETF has not yet been endorsed, the launch of Bitcoin ETFs has made other cryptocurrencies more interested in the same.

Energy efficiency remains a trademark of XRP, with proven statistics showing that each transaction consumes as little as 0.0079 kilowatt-hour of energy.  This compares favorably with the average of more than 700 kilowatt-hours that Bitcoins consume per transaction, and thus, XRP is more attractive to institutions that are keen on sustainability.

The analyst’s projection has brought fresh attention to XRP’s valuation potential. With policy support, utility-driven growth, and rising investor interest, XRP remains one of the most closely watched digital assets in the market.

Also Read: These 5 Altcoins are Delisting from Binance on July 4 – Check if You Hold Them

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