Analysts question the practice of comparing the market capitalization of traditional banks with XRP, arguing that XRP is a settlement asset rather than a company. They believe that the long-term value of XRP depends on its application in cross-border payments, rather than equity-style valuation. The circulating supply of XRP is 60.7 billion tokens. If the price is $10, its market cap would be approximately $607 billion. Given Bitcoin's market cap of about $1.79 trillion, some believe this target is not impossible, but there is still debate over more extreme valuation goals.