Here’s How High XRP Could Rise if XRPL Gets 10% of the Projected $19T RWA Tokenization Market

An assessment from Google Gemini suggests XRP price could reach double digits if the XRPL gets 10% of the projected $19 trillion RWA tokenization market. Notably, Ripple believes tokenized real-world assets, or RWAs, will transform global finance over the next decade. In a recent report , the company highlighted estimates suggesting the total value of tokenized RWAs could reach nearly $19 trillion by 2033. Of this figure, tokenized real estate could make up $3.7 trillion, while tokenized equities could add another $2 trillion. The Growing RWA Tokenization Market For context, the market today looks far smaller but continues to grow steadily. Data from RWA.xyz shows that the total value of tokenized assets on-chain stands at $26.48 billion. The XRP Ledger (XRPL) holds $302.8 million of this amount, which gives it a 1.14% share and places it ninth among blockchains supporting tokenized assets. The numbers may look modest for now, but some analysts believe XRPL's design gives it the potential to capture a much larger share of the market in the years ahead. Notably, XRP currently trades at $3.14 with a circulating supply of 59.3 billion coins. Proponents have suggested this is an undervaluation, pointing to the XRPL's efficiency and built-in features as reasons it could stand out in the race for tokenization.  Ripple highlighted this in a February report , explaining that issuers can create tokens on XRPL quickly without relying on complex coding or specialized smart contracts. Once issued, tokens instantly become tradable on XRPL's decentralized exchange, and auto-bridging ensures smooth liquidity across assets.  XRP Price if the XRPL Gets 10% of the Projected $19T RWA Market The question now is how much this could mean for XRP's price if XRPL captures a bigger slice of the RWA market. We asked Google Gemini to make an assessment. Specifically, we asked what XRP could be worth if XRPL secured 10% of the projected $19 trillion tokenized asset market by 2033. Gemini calculated that a 10% share would put XRPL in control of $1.9 trillion worth of tokenized assets. Under its first model, Gemini assumed a direct relationship between XRP's market capitalization and the total value of RWAs on the ledger.

In that case, XRP's market cap would also stand at $1.9 trillion. With the current supply of 59.3 billion tokens, the price per XRP could reach $32.04. However, this seems highly improbable, especially considering that with the XRPL hosting $308 million in RWA, XRP's market cap stands at $187 billion. Notably, in the second model, Gemini assumed that XRP's market cap also benefits from a speculative premium. It noted that this premium could come from XRP's role as a bridge currency and the broader network effects around XRPL. If the market cap doubled to $3.8 trillion, Gemini estimates XRP's price could rise as high as $64.08.