Prediction: Billionaires will buy this cryptocurrency, which could surge 23,900%, according to asset manager Jake Claver.

Ripple’s cross-border payment system is gaining momentum these days. This is good news for Ripple investors. XRP (XRP -1.97%) This is a token that could soar to new heights if closely related payment networks actually succeed.

Ripple’s market momentum

After a long period of very low volume and volatility measures due to the recent legal victory, average market volume for XRP has stabilized at historically high levels. 24-hour trading volume increased from a low of $500 million in daily volume in the summer of 2023 to $1.7 billion as of the afternoon of Monday, October 21.

This amounts to more than 5% of XRP tokens being traded every day. By comparison, even volatile stocks rarely exceed 5%, and active volume for calmer value stocks is often measured in percentage terms.

Existing investors are also paying attention. For example, asset manager and online influencer Jake Claver compares XRP and Ripple: Amazon.com (NASDAQ: AMZN). Amazon legitimized the idea of ​​e-commerce in the 1990s and turned many of its early investors into millionaires. Likewise, Ripple appears poised to disrupt the international financial system with game-changing results for early token holders.

Claver envisions a world where Ripple will one day manage the majority of international payments and also take over other remittance payment systems, such as stock markets. In that world, the system could process up to $6.6 trillion in daily payments, and XRP tokens would need to be worth about $132 for that vision to be realized. This is 23,900% higher than the current price of XRP, or just $0.55 per token.

Claver’s Bold Predictive Analytics

Of course, this price target is quite extreme. Claver presented this as a theoretical thought experiment rather than a firm price target. But how realistic is the proposed $132 target?

Last year, payment fees for all types of international money transfers reached $160 billion. Market analysts such as Brainy Insights company do not consider Ripple’s humble puzzle piece and focus their reports on traditional systems such as: western union, Visaand the SWIFT offshore banking network.

So you can make a decent amount of money, but it will take time to build a serious market presence here. And this relatively easy-to-reach opportunity represents only a small fraction of the $1 trillion in trading volume that Claver envisioned for his broader trading network. Therefore, the $132 price target is not very realistic, at least not in the near future.

A key catalyst for XRP growth

Still, Claver’s vision is probably pointing in the right direction, and there are plenty of reasons why.

In recent videos and social media posts, the asset manager highlighted the following catalysts for the rise in XRP price:

• Several financial giants are working on paperwork to create an exchange-traded fund (ETF) based on the real-time spot price of XRP. Similar funding has been approved. Bitcoin and Ethereum Earlier this year, it injected billions of dollars of old-fashioned capital into cryptocurrency leaders. Given the small size of this cryptocurrency today, ETF liquidity could yield even bigger gains in XRP. This is where billionaires will enter the XRP market in a big way.
• The U.S. Securities and Exchange Commission’s (SEC) long-running lawsuit against Ripple Labs is not over yet, but should unfold over the next few years. The first few rulings largely sided with Ripple, resulting in fines far smaller than the multibillion-dollar payouts requested by the SEC. Putting the legal talk to rest will increase the actual utility of XRP and the price of the token.
• Although Ripple Labs is a private company, Claver claims that selling shares will allow it to raise working capital and legitimize its XRP-based payment system. He compares Ripple to Amazon and says investor returns are likely to soar in the long term. A publicly traded version of Ripple would have more funds for acquisitions and research, perhaps setting the stage for an Amazon-style business empire spanning multiple sectors and industries.

Additionally, the Ripple organization is currently investing heavily in the infrastructure of its payment platform. In the spring of 2024, the system had approximately 400 automated market indicators (AMMs). The number of computerized liquidity managers doubled to 900 AMMs in early October and doubled again last week to more than 2,500.

Why XRP Remains a Top Pick Amid Milder Expectations

You will be shocked to see the price of XRP token at $132 very soon. At the same time, the Ripple organization has a lot of balls to play and the token is undervalued today.

Even though I disagree with his long-term price target, Claver’s extremely bullish analysis emphasized my investment thesis. XRP looks like a solid buy and I’m happy to settle for returns well below 23,900%.