- XRP holding $2.98 support but struggling to clear $3.00.
- Matching silver’s $2.72T market cap could push XRP price to $45.41.
- The digital silver narrative fuels long-term speculation, though the goal remains highly ambitious.
XRP has been wrestling with the $3 level all through October, managing to defend the $2.98 support but failing to make a clean break higher. Its market cap has been stuck in a tug-of-war too, bouncing between $176 billion and $185 billion as bulls and bears fight for control.
Analysts are already looking past the near-term, though, to a more ambitious comparison. Some in the community are asking: if Bitcoin is considered digital gold… could XRP be digital silver? And if so, what would that really mean for its price?
XRP Market Cap: Stuck but Still Holding Ground
Right now, XRP’s market cap target sits near $190 billion, a level it lost back in September after dropping from $3.18. Beyond that, the next big test is $200 billion—a number XRP touched briefly in July before sliding back.
In fact, July 18 marked XRP’s peak moment this year: a $216.6 billion market cap with price hitting $3.66. That excitement didn’t last long. Within a week, valuation sank below $200 billion, and since then XRP hasn’t been able to claw its way back—aside from a weak retest in early August.
Still, traders see $200 billion as the psychological gateway to bigger targets. If XRP can firmly reclaim that milestone, it might reignite enough momentum for the next leg up.
Could XRP Really Be Digital Silver?
The digital silver idea isn’t new. Back in 2020, market watcher Diep Sanh pointed out XRP’s chart looked eerily similar to silver’s price action in 2005, right before the metal’s parabolic run. Since then, others have leaned into the analogy: Bitcoin wears the gold crown, while XRP fills the silver role.
For context, silver’s market cap sits at a hefty $2.72 trillion, ranking as the sixth-largest asset worldwide. That’s even higher than Bitcoin itself. If XRP ever climbed to that same valuation, the numbers get wild.
XRP Price Projection if It Matches Silver
With its current valuation of around $179 billion, XRP would need to rise about 1,421% to match silver’s $2.72 trillion. If that happened, XRP’s price would balloon to roughly $45.41, based on today’s circulating supply of about 60 billion tokens.
To make it real: someone investing $10,000 at today’s price of $2.98 would snag 3,355 XRP. If XRP hit $45.41, that stack would be worth around $152,000—profits of more than $142,000.
But let’s be clear… this scenario is highly ambitious. For XRP to reach silver’s valuation, Bitcoin would also need to explode to nearly $38 trillion. While the potential is fascinating to imagine, it’s far from guaranteed. For now, XRP is still battling with the $3 line, but the “digital silver” narrative keeps investors curious about what could come next.
