XRP Will Trade for $7 to Match Elon Musk’s Net Worth –  Analysts

• Analysts float a new $7 price target for XRP.
• The target is based on XRP’s market cap matching Elon Musk’s wealth.
• This unconventional metric fuels speculation alongside X payments launch rumors.

Bullish sentiments around XRP have led crypto analysts to make interesting comparisons for the cryptocurrency. One such comparison is between the digital asset and the world’s richest individual, Elon Musk. According to analysts, XRP’s token price would surge to $7 if its valuation were to rise to Musk’s level.

How does XRP compare with Elon Musk?

For context, data from CoinMarketCap revealed that XRP’s market capitalization at the time of writing was $180 billion, with a price of $3.02 per XRP token.

Only two cryptocurrencies, Bitcoin and Ethereum, boasted higher valuations than XRP, with $2.25 trillion and $526 billion, respectively.

Related: XRP Breaks Above $2.90, Analysts Eye $3 as the Next Big Test

What’s the Math Behind the Musk Metric?

The calculation itself is straightforward. XRP’s market capitalization is currently valued at approximately $180 billion. According to Forbes, Elon Musk’s real-time net worth stands at $415.6 billion. Fo…

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