Jake Claver Says “XRP Isn’t Near Its Ceiling”. Here’s why

The global derivatives market moves more money in a single month than the entire crypto market has ever seen. That is the premise behind a recent post from Jake Claver. He argues that even a small flow from that market into XRP could send prices far beyond current expectations.

Claver’s Case for XRP

Claver wrote. “The derivatives market moves more money in a month than crypto has ever seen.” He added that if even 1% of that flow reaches crypto, “most price targets look small.” He concludes that “XRP isn’t near its ceiling.”

The numbers support the scale of that claim. Global OTC derivatives notional outstanding reached approximately $844 trillion at the end of 2025. Gross market value, a more grounded measure of real exposure, stood at $22.8 trillion. FX derivatives alone recorded average daily turnover of $6.6 trillion in April 2025. These are not abstract figures. They represent capital moving continuously through the financial system.

The $750 Target

Claver previously set $750 for XRP. That figure becomes more plausible when viewed through the lens of derivatives market inflows. XRP currently holds a market cap of approximately $95.4 billion. The entire crypto market sits at $2.92 trillion. A 1% capture of the $844 trillion notional derivatives market would represent roughly $8.44 trillion.

That figure is nearly 3x the current total crypto market cap and over 88x XRP’s current market cap. Even a fraction of that capital entering XRP could produce dramatic price appreciation. Claver’s $750 target reflects a belief that XRP’s infrastructure positions it to absorb a meaningful share of that flow.

How the Community Responded

Responses varied in tone but showed genuine engagement with Claver’s point.

Claver has previously spoken about the reverse carry trade. In this scenario, investors who borrowed cheap Japanese yen to invest in higher-yielding global assets begin unwinding those positions and capital into settlement assets like XRP. This could contribute significantly to the asset’s expected growth.

Many market participants believe the derivatives market is a big opportunity for XRP. The responses suggest the community agrees with Claver’s opinion.