Deaton Predicts $100B XRP Market Cap, Says ‘Times Are Changing’

Renowned pro-crypto attorney John Deaton has expressed confidence that XRP is on track to reach the ambitious $100 billion market cap milestone.

Deaton shared this view in a tweet earlier today, amidst XRP’s impressive price performance. Notably, XRP surged by 30% today and is currently trading at $1.43.

In light of this impressive price action, industry figures like Deaton have marveled at XRP’s growth. He expressed that XRP could soon achieve a $100 billion market cap at its current pace. “Times are changing,” he said. Other community figures, including attorney Bill Morgan, have echoed similar optimism.

XRP soon will achieve a $100B market cap. Times are changing.

— John E Deaton (@JohnEDeaton1) November 22, 2024

XRP Price with $100B Market Cap

At its current price, XRP has a market cap of approximately $80 billion, with a fully diluted market cap of $140 billion. Notably, as of November 10, XRP had a valuation of $33.5 billion when trading at $0.5903, meaning the asset has nearly tripled in value in less than two weeks.

To reach a $100 billion market cap, XRP only needs to add another $20 billion, which now seems within reach given the asset’s strong bullish momentum.

Remarkably, a $100 billion valuation would correspond to an XRP price of $1.756, which is still below its 2021 peak. When XRP reached $1.96 on April 14, 2021, it had a market cap of $83.5 billion. Despite the higher price, the market cap was below $100 billion at the time due to a smaller circulating supply of XRP.

Meanwhile, it is worth mentioning that XRP has reached a $100 billion valuation at one point in its history, specifically between January 2 and 8, 2018. During this period, XRP traded at all-time highs in the $3 range. At the time, XRP briefly surpassed Ethereum in market valuation.

XRP Among Top Performers

Notably, with the latest market conditions, among the top crypto assets, none have experienced a spike similar to XRP’s dramatic rise in the past 24 hours. XRP staged this rally while Bitcoin broke through the $99,300 mark, just shy of the widely anticipated $100K level.

The $1.43 price point is one of the highest XRP has reached in three years, last seen during the peak of the 2021 bull cycle. This climb comes after a five-day consolidation period following the $1.26 level XRP hit last weekend. XRP has now resumed its bull run and is on track to surpass its 2021 cycle peak of $1.96.