XRP is currently at the center of a growing debate as analysts discuss a potential move toward $100 and whether traditional market capitalization valuation models still apply. The expert argues that if XRP becomes widely used for payments and settlements, its role may shift toward financial infrastructure. In that case, the cryptocurrency’s value would depend more on network usage and transaction flow, rather than on market capitalization alone.
XRP At $100 Could Happen Without A High Market Cap
In an X post on May 24, crypto market expert Gina argued that XRP’s value should not be judged using traditional market capitalization models because the token is designed to serve as global financial infrastructure, not a passive store of value. According to her, XRP’s real strength does not come from its price action or total valuation, but from how frequently it can be used to move money across its network.
To illustrate her point, Gina used a hypothetical scenario in which XRP trades at $100 and has a circulating supply of 50 billion tokens. In that case, XRP would have a market capitalization of roughly $5 trillion, surpassing that of Bitcoin and Ethereum. While that figure may seem extremely large, Gina argued that market cap alone does not capture the total value the XRP Ledger (XRPL) processes daily.
She also focused on XRP’s liquidity velocity. Gina suggested that if each XRP token were reused about 1,000 times daily for cross-border settlements, the network could theoretically support up to $5 quadrillion in transaction flows every day, all without needing a higher market cap.
Based on this concept, XRP’s value as a payment and settlement tool could far exceed what market capitalization alone suggests. Put simply, a $5 trillion market cap reflects only the total paper value of XRP at a given price. It says nothing about how much money a network can actually process or move through repeated transactions, which, according to Gina, is how XRP’s real value can truly be measured.
Comparing XRP Market Cap Argument With SWIFT
In her post, Gina compared XRP to the global banking messaging network, SWIFT (Society for Worldwide Interbank Financial Telecommunication). She noted that, unlike cryptocurrencies, SWIFT does not have a market capitalization because it is not an investment asset. Despite that, trillions of dollars still move through its system daily.
Gina suggested XRP could function in a similar way by serving as a bridge asset that helps institutions settle transactions quickly across different currencies and tokenized financial products. She stressed that XRP should not be viewed in the same category as assets like gold or Bitcoin, which are often treated as long-term stores of value. Instead, she described XRP as infrastructure for a future tokenized economy.
Under this framework, Gina argued that traditional market cap calculations become even less important because utility-driven networks are measured by usage and throughput. She also claimed that if XRP were ever used to power even a small portion of the global derivatives markets or institutional settlement systems, the market cap valuation model would automatically “go out the window.”
Featured image created with Dall.E, chart from Tradingview.com
