THE CASE FOR A 100 DOLLAR XRP

The Only Question That Matters

Most investors begin their analysis of XRP at the wrong starting point.

They look at today’s price and imagine hypothetical scenarios that might push it higher.

That is how retail thinks.

Infrastructure assets are not priced on hope.

They are priced according to what the system requires to function.

What if XRP reaches five dollars?

Ten dollars?

Fifty dollars?

The right question is : What price must XRP reach for the architecture around it to operate at global scale with stability and efficiency?

You cannot build global settlement infrastructure and expect it to run on a low priced asset.

You cannot route :

• corporate treasury flows
• tokenized value
• cross border payments
• institutional liquidity
• stable coin transactions

Through a settlement layer that lacks the capacity to carry them.

Price is not a celebration.

Price is a functional requirement.

The Liquidity Constraint

Liquidity is not how much someone can buy.

Liquidity is how much value the network can move without collapsing under :

• slippage
• volatility
• corridor imbalance
• execution friction

Every settlement system in history requires a high unit value because a settlement asset is a container for value.

The larger the flows, the larger the container must be.

If a corridor demands ten billion dollars in daily throughput and the settlement asset only provides a few billion in liquid depth, the system :

• clogs
• destabilizes
• loses credibility
• fails to scale

There are only two levers to increase capacity :

• increase supply
• increase price

XRP supply is fixed and transparent.

Therefore the only mechanism that can expand capacity is an upward adjustment in price.

Market cap debates miss the point.

Market cap does not move value.

Liquidity density moves value.

A low priced asset cannot support trillion dollar settlement flows.

A high priced asset can.

The Institutional Stack Ripple Has Assembled

Ripple has spent the last two years building the full institutional stack around XRP.

These are the verified pillars :

Metaco

• Acquired in 2023
• Provides institutional grade digital asset custody
• Enables bank level vault infrastructure

Standard Custody and Trust

• Acquired under a regulated trust charter
• Adds formal custodial and compliance capacity
  

Hidden Road

• Acquired for approximately one point two five billion dollars
• Now operating as Ripple Prime
• Provides prime brokerage, deep liquidity access and institutional execution

GTreasury

• Ripple agreed to acquire this corporate treasury platform for approximately one billion dollars
• Connects real world treasury management to digital asset rails

Rail

• Ripple agreed to acquire this stable coin powered payment platform for approximately two hundred million dollars
• Expands enterprise grade stable coin settlement on XRP rails

Evernorth Holdings

• A Ripple aligned public digital asset treasury structure
• Aims to raise more than one billion dollars for XRP
• Has already purchased and committed over four hundred seventy million dollars worth of XRP

ETF Infrastructure

• Multiple spot XRP ETFs are already trading in the United States
• Notable issuers include Bitwise, Canary Capital, Grayscale and Franklin Templeton
• Additional spot ETF filings from 21Shares, CoinShares, WisdomTree, and Hashdex are pending
• Canada already has a live spot XRP ETF
• Multiple XRP futures ETFs also trade in the United States

This is not fragmented growth.

This is a coordinated institutional foundation that consumes liquidity across the entire spectrum.

The Trillion Dollar Flow Problem

Let us remain conservative.

Assume only one trillion dollars in tokenized assets, corporate flows and settlement activity moves onto XRPL connected infrastructure.

Ripple and Boston Consulting Group project nearly nineteen trillion dollars in tokenized assets by 2033, but one trillion is enough to show the point.

You cannot run even a fraction of this volume on an asset priced in low single digits.

Global settlement requires :

• deep liquidity
• low volatility
• tight spreads
• corridor balance
• efficient swaps
• high bandwidth per unit

At five dollars the system strains.

At twenty dollars it remains limited.

At fifty dollars it begins to breathe.

At one hundred dollars XRP reaches the liquidity density required for global scale.

This is not speculative.

This is structural.

At one hundred dollars XRP can support

• corporate settlement at scale
• ETF inflow absorption
• RLUSD liquidity routing
• high velocity AMM operations
• tokenized value transfer
• FX replacement
• institutional cross border routing
• market maker depth and corridor execution

Below that level the system is constrained.

RLUSD and the New Liquidity Architecture

RLUSD has already surpassed one billion dollars in circulation.

A significant portion of that is on the XRPL itself.

This alters the liquidity architecture permanently.

A native stablecoin increases :

• swap volume
• AMM depth requirements
• routing complexity
• corridor pressure
• demand for neutral settlement assets

That neutral settlement asset is XRP.

RLUSD does not diminish the importance of XRP.

It increases it.

To stabilize RLUSD flows the system requires :

• deep settlement pools
• predictable volatility behavior
• high liquidity density
• low friction routing

A low priced asset cannot provide this.

A high priced asset can.

The Institutional Liquidity Layer

Institutional flows behave differently from retail flows.

They lock supply and demand stability.

They compress volatility and require professional grade liquidity.

ETF participation creates :

• long term custodial locking
• reduced circulating supply
• predictable inflows
• deeper institutional order flow

Market makers require :

• thick order books
• tight spreads
• deep liquidity
• low volatility profiles
• reliable corridors

Treasury desks require :

• predictable execution
• smooth settlement
• low slippage across large orders

Banks require :

• settlement finality
• corridor reliability
• liquidity assurance

At fifty cents XRP behaves like a speculative asset.

At two dollars it remains volatile.

At twenty dollars professional behavior begins.

At one hundred dollars XRP behaves like a mature global settlement asset.

At this level :

• institutions can route size
• treasuries can adopt the bridge
• market makers can stabilize corridors
• financial infrastructure can scale without stress

What a High Priced Infrastructure Asset Looks Like

Gold is not two dollars an ounce.

Oil is not one dollar a barrel.

Reserve assets scale in value to match the systems built on top of them.

Settlement assets must reflect the scale of the network they support :

• small systems create small prices
• large systems require large prices

XRP is being integrated into :

• cross border settlement
• tokenized real asset movement
• treasury operations
• stablecoin liquidity routing
• prime brokerage flows
• ETF settlement
• corporate financial plumbing

This is not a small system.

The asset supporting it cannot remain small.

The Bayberry Conclusion - High Price Is Not Optional

A one hundred dollar XRP is not far fetched.

It is not hype.

It is not a fantasy.

It is simply the price level required for XRP to start to support the scale of settlement infrastructure now forming around it.

A high price is not a reward.

A high price is a liquidity requirement.

Low price is temporary.

High price is structural.

When the financial system begins to migrate into this architecture XRP will not rise because of speculation.

It will rise because the system demands it.

It will rise because liquidity requires it.

It will rise because global settlement cannot function without it.

That is the difference between imagination and inevitability.