XRP's Intrinsic Value This Bull Cycle (QTM)

The chart illustrates the application of the Quantity Theory of Money (QTM) model to XRP. According to QTM, MV = PT , where M represents the circulating supply of XRP (approximately 56.998 billion), V is the velocity of money (estimated at 9.675), P is the average price of XRP (noted as $0.60 currently), and T is the total annual transaction volume (approximated at $919.1 billion from November 2023 to November 2024). Using this model, the intrinsic price is calculated as T / MV , which equates to $5.00 under the assumption of a 5x increase in transaction volume during the next bull market, which is well in line with prior bull markets.