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XRP YouTuber Moon Lambo has hit out at those that consider that the XRP worth could possibly be value $20,000 in the future. The analyst believes that this worth degree is unattainable for the crypto token as he highlighted explanation why he holds this perception. 

Why The XRP Price Cannot Rise To $20,000

In a video on his YouTube Channel, Moon Lambo defined that XRP’s market cap might want to run into quadrillions of {dollars} if it have been to attain that worth degree based mostly on its present market cap. However, from his calculation, there’s not sufficient cash on this planet for such an incidence, as at least $100 trillion might want to stream into the XRP ecosystem for that to occur.

According to the YouTuber, there’s a “0% chance” that this may occur. He dismissed any argument that some belongings could possibly be offered off to fund this quantity of inflows into the XRP ecosystem. This is unlikely to occur as these belongings might want to go to zero to get the quantity of liquidity wanted to get the XRP price to $20,000, Moon Lambo argued. 

XRP being value that quantity would additionally imply the crypto token having a market cap value over ten occasions greater than the worth of the US stock market. Moon Lambo says that it’s “utter nonsense” to suppose that this may occur. He believes there isn’t a means that XRP could be extra invaluable than all of the foremost corporations within the US put collectively. 

He additionally alluded to arguments that XRP can attain this worth by turning into the currency for the global reserve. He says that swapping out the greenback, which presently accounts for an enormous chunk of the worldwide reserve, gained’t nonetheless see the crypto token get the required liquidity to hit $20,000.

XRP worth at $0.63 | Source: XRPUSD on Tradingview.com

Enough Reason To Still Be Excited As An XRP Holder

Despite his stance, Moon Lambo continues to be bullish on the XRP price. He said that the crypto token doesn’t want this “crazy hype nonsense” for one to be excited as an XRP holder. The crypto analyst believes that so far as XRP is broadly adopted, there’s sufficient cash that may stream into it, which may trigger its price to hit three digits. 

Unlike a worth prediction of $20,000, XRP’s worth hitting three digits continues to be inside the “realm of possibilities.” However, Moon Lambo doesn’t see that instantaneously occurring as he says that it may take “many market cycles.” The excellent news is that anybody who has been in on XRP for a while is already well-positioned for such a multiplier impact. 

Meanwhile, analysts who’ve prior to now made such “impossible” price predictions of $20,000 weren’t spared within the crypto analyst’s rant. Moon Lambo talked about that such individuals solely make baseless claims and don’t present justification for such assertions. 

He offered perception into why these analysts make such predictions as he prompt that they have been doing this to get extra viewers. He remarked that he would in all probability get extra subscribers if he jumped on this “bandwagon.” However, he has no intention to do this as he says will probably be “intellectually dishonest” to do this.

Featured picture from Tekedia, chart from Tradingview.com

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