What would $1000 XRP mean?

$1000 XRP would mean 100 trillion market cap to XRP - 5 times larger than entire US GDP. More than half of which would be owned by Ripple labs, making them - just by their XRP ownership - about twice as valuable as the sum of all the market caps of all the companies in S&P 500.

What is XRP (XRP)?

XRP is a cryptocurrency and the native token used by Ripple. Like other cryptocurrencies in the marketplace, XRP has a currency code similar to Ether (ETH) of Ethereum. In 2012, the team behind Ripple launched the XRP ledger, which included XRP, which would serve as the native token.

What is the XRP Ledger?

The XRP Ledger is 61,000x more energy-efficient than proof-of-work blockchains. The XRP Ledger is decentralized, run by a global network of 150+ validators. By using XRP for cross-border payments, institutions can bridge currencies and ensure payments are sent and received in local currency on either side of a transaction in as little as 3 seconds.

Is XRP a utility token?

In the allegation, XRP was accused of market manipulation and failure to properly label the $1.3 billion XRP as a security rather than a utility token during the capital raise.