Crypto Analyst Says XRP Potentially Has Market Capitalization Of IDR 16,000 Trillion

JAKARTA - In recent weeks, XRP's assets have been in the public spotlight because the price has jumped more than 500 percent since last November. The skyrocketing price of XRP attracts crypto analysts to predict the future of this token. One of them is crypto analyst CrediBUL Crypto through its upload on platform X.

According to Crypto's Credipul, the current XRP price graph structure shows a very positive trend. He called the price structure "very clean and bullish," even to a hard-to-confidence level. In his post on December 15, he reminded investors to look at the big picture and not be too affected by price movements in the short term.

Predicted To Reach 24 US Dollars

Based on the CrediBUL analysis, the price of XRP is projected to reach 24 US dollars or around Rp. 384,000 in the near future. Furthermore, XRP is said to have the potential to become an asset with a market capitalization of 1 trillion (around Rp. 16,000 trillion) in the second quarter of 2025.

Based on CoinGecko data on Monday, December 16, XRP is trading at a price of 2.42 US dollars (approximately IDR 38,720) with total market capitalization approaching 140 billion US dollars (approximately IDR 2,240 trillion).

However, the analyst reminded that the projection is based on a long-term analysis. "Time and price on the graph are not always on scale, so investors need to see this as part of a large structure in a longer time frame," he said.

Ripple Development

On the other hand, the Ripple ecosystem also shows positive developments after the approval of the new Ripple USD (RLUSD) stablecoin by New York Financial Services some time ago. Ripple also continues to expand the use of its blockchain technology with various large companies to strengthen its ecosystem.

Ripple's main focus is cross-border payment sector by utilizing blockchain to accelerate and secure international transactions. Not only that, Ripple is also reportedly planning to conduct an initial public offering (IPO) which is expected to increase XRP exposure in the global market.