Here is Estimated XRP Five Figure Price if Ripple Handles $30 Trillion Daily
The post Here is Estimated XRP Five Figure Price if Ripple Handles $30 Trillion Daily appeared on BitcoinEthereumNews.com.
Grok, the AI chatbot from xAI, estimates XRP price if Ripple handles a massive $30 trillion volume in daily transactions. Majeed, a notable figure within the Saudi Arabian XRP community, triggered this assessment with a recent inquiry. He asked about the potential value of XRP if Ripple released 1 billion XRP monthly from its escrow while facilitating $30 trillion in daily transactions. For context, Ripple typically releases 1 billion XRP from escrow every month, but re-locks 800 million tokens. Interestingly, in its response, Grok determined that XRP would need to reach a value of $30,000 per coin to support an ambitious framework involving $30 trillion in daily transactions. Grok’s Assessment Approach Notably, to provide a comprehensive analysis, the AI chatbot discussed the relationship between transaction volume, money supply, and circulation velocity. Grok converted the daily transaction volume into a monthly figure for consistency with the escrow release schedule. With $30 trillion processed daily and assuming 30 days per month, the AI calculated a monthly transaction volume of $30 trillion multiplied by 30, equaling $900 trillion. Then, to evaluate XRP price, Grok used the quantity theory of money, expressed as transaction volume equaling money supply multiplied by velocity. Here, the transaction volume stands at $900 trillion per month. Further, the money supply represents the number of XRP available multiplied by its price per unit, while velocity represents the frequency of each XRP’s use within the period. Rearranging this, Grok derived the price per XRP as the transaction volume divided by the product of the XRP supply and velocity. Notably, the AI chatbot interpreted the 1 billion XRP released monthly as the operative supply for its calculation. However, it acknowledged that there was ambiguity regarding whether this figure constitutes the total supply or an increment to an existing pool. For context, XRP’s…
Filed under: News - @ March 9, 2025 8:27 pm