With XRP rallying 20.5% in the weekly chart, we assessed the token’s price if its market cap reached the valuation of technology firm Apple.

The price of XRP has continued to react positively to the first anniversary of Judge Analisa Torres’ summary judgment decision.

XRP Surges 20.5% in 7 Days

On July 13, 2023, Judge Analisa Torres provided the much-needed clarity XRP investors sought by declaring that the coin in itself is not a security.

Exactly one year after the summary judgment, the price of XRP soared 20.5% in the weekly charts to $0.5153. XRP is up 10.12% at press time over the past 24 hours.

XRP’s remarkable performance in the past few days has reignited investors’ hopes of an imminent rally that could take the price to unprecedented levels. Consequently, some enthusiasts project that XRP could potentially hit the valuation of American technology firm Apple in the future.

XRP Price if It Hits Apple Market Cap

Based on this projection, we assessed XRP’s price if it reached the market cap of Apple shares. For context, Apple boasts a market capitalization of $3.54 trillion. However, XRP’s valuation is significantly lower, currently standing at $28.83 billion.

This indicates that XRP’s valuation must surge 12,074% or 120.74x to hit Apple’s market cap of $3.54 trillion. With XRP currently trading at $0.5153, a massive rally of 12,074% would see the token hit a price level of $62.7326, assuming its circulating supply remains at its current level of 55.8 billion.

Other Ambitious XRP Targets

While many might consider the $62 price outrageous, some experts have previously set more ambitious targets for the coin.

In particular, popular crypto pundit Andrew Forte projected that XRP could hit $100 by 2037, approximately 13 years from now. Another crypto enthusiast, 24HrsCrypto Media, also set a target of $100 for XRP.

To hit the $100 target, XRP must rally 59.4% from the projected $62.7326 price the coin could attain if it equals Apple’s market cap.

Potential Timeline for XRP Surge to $62

Meanwhile, we consulted several prediction platforms to ascertain when the $62 projection could materialize. Telegaon and Changelly speculate that XRP could reach the target within the next few years.

Specifically, while Telegaon sees XRP hitting the $62 level between 2040 and 2050, Changelly suggests that the target could be attained between 2033 and 2040.

There is no guarantee that XRP might equal Apple’s market cap or trade at $62 per token in its lifetime. Hence, it is advised to tread with caution and only invest an amount you can afford to lose.