XRP has been trading below targets often discussed in the community for most of 2026, but one XRP commentator says the projections for these price targets are viewed through the wrong lens. The analyst says XRP should not be measured like time-honored stocks, especially if it is an asset works as it was designed and becomes associated with institutional settlements, liquidity management and high-value financial transfers.

The XRP commentator says the market cap logic is flawed

Most discussions about XRP prices they resist market cap comparisons and circulating supply data, which are the same models used for inventory analysis. However, according to an XRP commentator account known as CharuSan, this is market cap stagnation logic applied to XRP because he fundamentally misunderstands what cryptocurrency was created for.

XRP is intended to serve as an asset that provides liquidity and speed; therefore, the price of cryptocurrency should not augment just because investors buy it on exchanges. Instead, the projection is like this The price of XRP will need to be raised significantly if institutional systems start using it as a bridge asset for mass transfers requiring a lot of liquidity in a matter of seconds.

In addition, CharuSan to global derivatives volumes, equity markets, debt markets, DTCC volumes, FX settlements, banks, OTC markets and Nostro/Vostro accounts as areas where liquidity demand could come from if fully integrated with the XRP ledger. Therefore, a market capitalization of $500 billion or $1 trillion would still be too miniature if XRP were to support these institutional trading volumes.

XRP must be at least $300

The price target set by the analyst is what XRP will mathematically be forced to rise up $300 to keep the wheels rolling. It is worth noting that the $300 forecast is tied to the specific condition of full integration of XRP into major financial transfer systems. When institutional automated software and APIs start sending vast transfer orders to liquidity pools, the market will no longer rely primarily on miniature exchange buy and sell orders.

Based on this setup, the main concern will be the amount of XRP available at the exact moment the transfer needs to be made. If billions of dollars are changing per second, institutions will not be looking for inexpensive XRP found on the normal order book. Systems would draw from the deepest pool of liquidity available, and the unit price would have to augment if the available supply could not cover the transfer volume.

Interestingly, the latest post is part of a series from CharuSan XRP on how XRP can reach $300. In the previous section, he focused more directly on On-Demand Liquidity and the difference between circulating supply and actually available XRP. He gave the example of a $200 billion wire transfer.

If the price of XRP was $20, such a transfer would require 10 billion XRP, which would be challenging to sustain if the system supported not just one bank but thousands of banks and institutions at the same time. RippleNet currently has over 300 banking partners, and approximately 40% actively exploit On-Demand Liquidity.

Featured image created with Dall.E, chart from Tradingview.com