Ripple CTO David Schwartz reignited XRP’s flippening debate this week, telling a Twitter Spaces audience that XRP overtaking Bitcoin’s market capitalization is more likely to happen through XRP’s own growth and adoption than through any collapse in Bitcoin’s price.
Crypto analyst Zach Rector broke down what that statement actually implies for XRP’s price, running the numbers through both market cap and fully diluted valuation.
The Math Behind the Numbers
Rector calculated that a $1.5 trillion valuation, roughly where Bitcoin’s market cap sits today, would put XRP near $23.91 using its current circulating supply of about 62 billion tokens. At Bitcoin’s all-time high market cap of $2.5 trillion, XRP would trade just under $40.
Taking a more conservative approach that accounts for XRP’s full 100 billion token supply, Rector calculated fully diluted values of $15 at a $1.5 trillion valuation and $25 at $2.5 trillion, figures he described as the base case under Schwartz’s own reasoning.
AI Pushback Raises the Floor
Rector said he ran the scenario through Claude to stress-test his conservative estimate, and the AI pushed back that his numbers understated the case. Since Schwartz’s flip scenario assumes a larger overall crypto market, Bitcoin’s own valuation would also be higher by the time any flip occurred, meaning $15 to $25 represents the floor of the scenario rather than a ceiling.
A More Bullish Case
Rector’s bull case, if Bitcoin reaches a $3 trillion to $5 trillion market cap and XRP scales alongside it, has XRP topping $50 on a fully diluted basis.
XRP currently trades near $1.30, still well below its cycle high of $3.66. Schwartz stopped short of putting a timeline on any flip, and the scenario remains hypothetical. But his comments mark one of the clearest acknowledgments yet from Ripple’s own leadership that a Bitcoin flip through organic growth, rather than a Bitcoin collapse, is a plausible long-term outcome.
Was this writing helpful?
Story Ends Here
Trust with CoinPedia:
CoinPedia has been delivering accurate and timely cryptocurrency and blockchain updates since 2017. All content is created by our expert panel of analysts and journalists, following strict Editorial Guidelines based on E-E-A-T (Experience, Expertise, Authoritativeness, Trustworthiness). Every article is fact-checked against reputable sources to ensure accuracy, transparency, and reliability. Our review policy guarantees unbiased evaluations when recommending exchanges, platforms, or tools. We strive to provide timely updates about everything crypto & blockchain, right from startups to industry majors.
Investment Disclaimer:
All opinions and insights shared represent the author’s own views on current market conditions. Please do your own research before making investment decisions. Neither the writer nor the publication assumes responsibility for your financial choices.
Sponsored and Advertisements:
Sponsored content and affiliate links may appear on our site. Advertisements are marked clearly, and our editorial content remains entirely independent from our ad partners.
Read the Next News
