Ripple [XRP] News: Does David Schwartz’s Comment Put $15 to $50 XRP Back on the Table?

Ripple CTO David Schwartz reignited XRP’s flippening debate this week, telling a Twitter Spaces audience that XRP overtaking Bitcoin’s market capitalization is more likely to happen through XRP’s own growth and adoption than through any collapse in Bitcoin’s price. 

Crypto analyst Zach Rector broke down what that statement actually implies for XRP’s price, running the numbers through both market cap and fully diluted valuation.

The Math Behind the Numbers

Rector calculated that a $1.5 trillion valuation, roughly where Bitcoin’s market cap sits today, would put XRP near $23.91 using its current circulating supply of about 62 billion tokens. At Bitcoin’s all-time high market cap of $2.5 trillion, XRP would trade just under $40.

Taking a more conservative approach that accounts for XRP’s full 100 billion token supply, Rector calculated fully diluted values of $15 at a $1.5 trillion valuation and $25 at $2.5 trillion, figures he described as the base case under Schwartz’s own reasoning.

AI Pushback Raises the Floor

Rector said he ran the scenario through Claude to stress-test his conservative estimate, and the AI pushed back that his numbers understated the case. Since Schwartz’s flip scenario assumes a larger overall crypto market, Bitcoin’s own valuation would also be higher by the time any flip occurred, meaning $15 to $25 represents the floor of the scenario rather than a ceiling.

A More Bullish Case

Rector’s bull case, if Bitcoin reaches a $3 trillion to $5 trillion market cap and XRP scales alongside it, has XRP topping $50 on a fully diluted basis.

XRP currently trades near $1.30, still well below its cycle high of $3.66. Schwartz stopped short of putting a timeline on any flip, and the scenario remains hypothetical. But his comments mark one of the clearest acknowledgments yet from Ripple’s own leadership that a Bitcoin flip through organic growth, rather than a Bitcoin collapse, is a plausible long-term outcome.