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XRP (CRYPTO: XRP) aims to position itself as a key player in the emerging real-world asset (RWA) tokenization market, which could expand from $23.2 billion in 2023 to approximately $16 trillion by 2030, according to Boston Consulting Group (BCG). Currently priced at $2.26, XRP has a market cap of $133 billion and could reach $10 if it captures just 8% of this growing market.
The XRP Ledger features built-in regulatory compliance tools, such as address blacklisting and asset freezing, allowing it to cater to institutional investors. A recent protocol upgrade also improved liquidity by activating automated market maker (AMM) pools. However, ongoing support from institutional investors, increased tokenization, and regulatory clarity are essential for XRP to realize its potential growth.
For comparison, XRP would need to grow its market cap to around $588 billion to hit $10, emphasizing the necessity for strong market sentiment and strategic developments from Ripple, the company behind XRP. While XRP shows promise, investors should remain cautious given competitive market conditions and the potential for regulatory changes.
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