An analyst has used the market cap multiplier equation and JPMorgan’s projection to predict that XRP could hit $15 in just a year.
The analyst admits that the projection does not account for future markets and trading activities on the Decentralized Exchange on XRPL.
JPMorgan estimated that the XRP ETF could attract $4-8 billion in the first year, based on the adoption and performance of Bitcoin and Ethereum ETFs.
Using a conservative multiplier, the estimated inflow of $4 billion to the XRP ETF could result in a total valuation of $925 billion and a price of $15 per token.