The buzz around Donald Trump forming a Bitcoin reserve is still persistent, but a new contender has entered the discussion. Ripple CEO Brand Garlingouse recently commented on the situation, hinting at the possibility of America accumulating the XRP token in the future. This could boost the Ripple token’s adoption. More importantly, its impact on the XRP price would be satisfactory.
Although Garlinghouse has not attributed XRP to the reserve topic, speculation is building around it. Let’s discuss the current situation and the possibility of a $100 XRP price target.
Will America’s Crypto Reserve Include XRP? Impact on Price
Ripple CEO Garlinghouse has been vocal about the need for regulatory clarity for the crypto. This includes his stake in the crypto reserve, as he claims that Ripple’s efforts increase the chances of this happening. Such statements are raising expectations for the Ripple token’s price performance. Interestingly, the Ripple team met with Donald Trump earlier, indicating a lobbying effort from Garlinghouse and the team.
Considering the recent development, this lobbying may have worked in Ripple’s favor as Trump launched the digital asset stockpile instead of the Bitcoin reserve. These interactions and the sharing of millions in donations to political parties have raised suspicion among investors.
A few experts, such as Pierre Rochard, even called XRP the biggest barrier to the Bitcoin reserve, criticize Ripple’s crypto donations to politicians. Rochard X post claims that the firm is trying to derail Bitcoin as they tried to do the same with Bitcoin mining. This is because Rochard believes that they wish to push the CBDCs and their CBDC launch platform.
However, Garlingouse has declined the accusations and revealed that they are working for the same mission as the rest of the crypto community, i.e., building a crypto strategic reserve, including Bitcoin.
Unless you are choosing to ignore the core tenants of the POTUS campaign (which aggressively supports American companies and technologies), our efforts are actually INCREASING the likelihood of a crypto strategic reserve (which includes bitcoin) happening, replies Brad Garlinghouse.
Although Garlinghouse clarified the situation, experts anticipate that it indicated their efforts around the XRP accumulation. However, his current tweets and past comments never attributed the Ripple reserve and only talk about the general crypto reserve. Moreover, his previous news interviews showcase the Ripple CEO presenting the possibility of witnessing a crypto reserve rather than Bitcoin.
With the limited comments from the Trump government on the situation, it is hard to conclude the problem just yet. However, the enthusiasm is building around XRP reserve, especially as their previous remark states prioritizing American-founded digital assets, which includes the Ripple token. This could boost the XRP price to new highs amid rising hype.
XRP Price To Hit $100 With XRP Accumulation
An earlier CoinGape report revealed that the XRP Price may achieve $1K with the Ripple reserve but in the most bullish situation. However, that is a scenario that is not likely to take place anytime soon. Moreover, this will happen over the years with increased adoption and regarding Ripple token as the global reserve currenct.
Currently, the XRP price is in the consolidation zone, trading at $3.14 despite high demand. The discussion of XRP accumulation and more is definitely a bullish factor, but Garlinghouse has never hinted at this, so the credibility of the news declines. However, if a scenario is built and this happens, the Ripple token might hit $100. For this, the price will have to gain a 33x rally, which is also impossible in the current market scenario.
Regardless, the technical support would play a significant role. For the price to reach $100, the market cap would have to reach $5.74 Trillion, nearly five times the value of Bitcoin. In the current scenario, the XPR price can surge maximally between $5 and $20, and that too in the most bullish cycles.
XRP Price Prediction target of $5 to $20 is achievable before 2025’s first quarter ends. This can be achieved purely due to the crypto market trends. As noted in a previous CoinGape article, if XRP repeats the 2017 price action, it could hit anywhere between $5 to $20.
Bottom Line
The Ripple CEO’s comments have increased speculation about the XRP accumulation. Interestingly, Garlingouse has never attributed to the XRP in this comment, but speculations are still rising due to high demand. With that, analysts see XRP price hitting $100, but the token struggles with consolidating patterns decreased the possibility. Despite that, its rising adoption, Trump’s meeting, and donations suggest the possibility of an XRP reserve launch, competing with the possibility of a Bitcoin reserve. Investors need to consider that the lack of regulatory clarity and other factors could influence the outlook.
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