Silver Hits Record $50—Can XRP, the “Digital Silver” Follow Suit?

With many referring to XRP as “digital silver,” investors are now questioning whether the token can mirror the precious metal’s performance, especially as silver reaches a new all-time high. 

Recently, silver’s price per ounce surged past $50 for the first time in history, marking a major milestone for the precious metal. 

BREAKING: Silver price hits new all-time high of $50 per ounce. pic.twitter.com/KVyrRexVI2

— Whale Insider (@WhaleInsider) October 9, 2025

Following silver’s historic milestone, several investors have begun speculating about the possibility of XRP charting a similar path. Many are envisioning what it would mean for the cryptocurrency to reach the same $2.85 trillion market valuation as silver. 

For context, XRP has long been referred to as digital silver, while Bitcoin is conferred with the title of digital gold. Last month, XRP community figure Dpac highlighted this point, describing the XRP as “digital silver” due to its practical use case in facilitating transactions. 

In addition, some community members are referencing an old X post from Diep Sanh, who suggested XRP was mirroring silver’s 2005 performance before the precious metal embarked on a parabolic run. 

XRP Price If It Matches Silver Market Cap 

Consequently, we explored how much one XRP token will be worth if XRP matches the market cap of silver. For context, XRP is changing hands at $2.82 per token, with a market cap of $169.12 billion. 

The cryptocurrency’s valuation is currently down 21.95% from its peak market cap of $216.69 billion, registered in July 2025. This dip has also pushed XRP’s price below the psychological $3 level.  

For XRP to match silver’s $2.85 trillion, its market cap would need to rally by 1,585%, potentially bringing it to the same valuation as Earth’s second most precious metal. With a circulating supply of roughly 60 billion tokens, one XRP will be valued at $47.5 if the cryptocurrency eventually reaches silver’s $2.85 trillion market cap. 

While this may seem too ambitious, XRP has seen more audacious projections in its lifetime. Some analysts, including 24hrscrypto1 and Moonshilla, have suggested that its price could surpass the $47.5 mark and climb to loftier targets like $100. 

However, while XRP is often dubbed “digital silver” and its focus on cross-border payments is profound, there is no assurance that it will ever reach silver’s market capitalization at any point in its lifespan.