Why the XRP Price Cannot Reach $20,000
XRP YouTuber Moon Lambo has expressed his disagreement with the idea that the XRP price could reach $20,000 in the future. According to Moon Lambo, for XRP to achieve such a price level based on its current market cap, its market cap would need to run into quadrillions of dollars. However, he argues that there is not enough money in the world for this to happen. He dismisses the argument that assets could be sold off to fund the necessary inflows into the XRP ecosystem, as those assets would need to go to zero. Additionally, Moon Lambo believes that it is unrealistic for XRP to have a market cap worth over ten times more than the US stock market.
Insufficient Liquidity for $20,000 Price
Moon Lambo also rejects the idea that XRP can attain a $20,000 price by becoming the currency for the global reserve. He argues that even if the dollar were swapped out as the global reserve currency, it still wouldn’t provide enough liquidity for XRP to reach $20,000.
Still Exciting as an XRP Holder
Despite his skepticism about a $20,000 price target, Moon Lambo remains bullish on XRP. He believes that widespread adoption of XRP could lead to significant price increases and sees it as a possibility for the price to hit three digits. However, he cautions that this may take many market cycles. For long-term holders of XRP, this presents an opportunity for substantial gains.
Hot Take: Baseless Predictions and Audience Grabbing
Moon Lambo criticizes analysts who make “impossible” price predictions like $20,000 without providing justification. He suggests that these analysts make such claims to attract more audience and gain subscribers. However, he refuses to engage in this practice, considering it intellectually dishonest.
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