Financial commentator Jake Claver said XRP could reach “three or four digits” in the coming years if major financial institutions adopt Ripple’s infrastructure at scale, outlining a thesis centered on institutional settlement, liquidity depth, and expanding enterprise products. Claver made the comments during an interview on the Paul Barron podcast, emphasizing 2026 as a potential inflection point if those conditions materialize.
Analyst’s Thesis: Institutional Settlement and Liquidity
Claver argued that XRP’s upside depends on its role in facilitating global financial settlement for banks and large institutions. According to him, a significantly larger and more stable market capitalization would be a prerequisite for institutional comfort with moving substantial capital through the asset.
“If you have a huge market cap for XRP, something much higher than people can comprehend, it will be very difficult to move that price with the inflows or outflows,” he said, adding that products such as spot exchange-traded funds (ETFs) and enterprise-grade digital asset treasuries could accelerate adoption if they arrive.
XRP, the native token of the XRP Ledger (XRPL), remains far below double-digit prices at present. Reaching three or four digits would imply a market capitalization in the tens of trillions of dollars based on today’s supply—levels that would require extraordinary, broad-based adoption.
Institutions Named as Potential Drivers
Claver pointed to large financial firms he believes could lead the next wave of adoption for blockchain-based settlement and custodial services. He cited the importance of banks and asset managers building confidence in liquidity and infrastructure before moving substantial flows into a given network.
- BNY Mellon
- Fidelity
- Citi
- Franklin Templeton
- JPMorgan
Claver also highlighted comments from Ripple President Monica Long about institutional adoption being a key growth theme for 2026.
Ripple’s Enterprise Push and Stablecoin Plans
Beyond payments, Ripple has been expanding its enterprise offerings, including treasury-focused solutions. Claver referenced updates around Ripple’s planned U.S. dollar stablecoin, RLUSD, as a potential tool to deepen liquidity and treasury management options within Ripple’s ecosystem.
The company has positioned its product portfolio toward institutional clients in payments, liquidity, and custody, aiming to make digital asset rails interoperable with existing financial workflows.
Key Hurdles: Regulation and Market Structure
Claver’s projection hinges on multiple contingencies, including regulatory clarity and the development of regulated investment products. As of publication, no spot XRP ETF has been approved in the United States. Any such product would require regulatory approval and robust market infrastructure.
While institutional adoption remains a central investment narrative across digital assets, the path to three- or four-digit XRP prices would require unprecedented levels of global usage, liquidity, and risk management integration by major financial players. Claver’s view represents a bullish scenario contingent on those developments coming to fruition.