Ripple’s native cryptocurrency XRP has been gaining momentum in the market, currently ranked among the top five cryptocurrencies by market cap. As of now, XRP is trading at $0.6342 with a market cap of $34.1 billion, showing a 1.91% increase.Celebrated crypto analyst Zach Rector has sparked a discussion on the possibility of XRP reaching an astonishing $50,000, drawing a parallel with Bitcoin’s potential surge to $500,000. Rector expressed skepticism about Bitcoin’s ability to surpass gold’s market cap at $500,000 and offered a more optimistic outlook for XRP.Rector took a contrarian approach to the prevailing belief that Bitcoin can easily reach $500,000 and surpass gold. He argued that Bitcoin lacks the utility to achieve a multi-trillion market cap like gold and raised concerns about its authenticity due to various Bitcoin forks diluting its core value.On the other hand, Rector presented a more positive perspective for XRP. He highlighted the scarcity factor of XRP, emphasizing the burning mechanism driven by utility and the diverse functionalities integrated into the XRP Ledger (XRPL). Rector also pointed out notable advancements within the XRP ecosystem, such as the introduction of an EVM side chain, NFTs, automated market makers, and the XS 55, which enables various payment capabilities.Furthermore, Rector emphasized the liquidity function of XRP in the payment landscape, contrasting it with traditional assets like gold. He argued that XRP’s role in enhancing liquidity through DLT technology adds significant value.While acknowledging the significant journey ahead for XRP to reach $50,000, Rector believes that its liquidity function, utility enhancements, and problem-solving capabilities position XRP as a key player in the digital asset landscape.It’s important to note that for XRP to grow from $0.65 to $50,000, it would require a substantial percentage growth exceeding 7,692,300%, whereas Bitcoin’s ascent from $44,000 to $500,000 would represent a comparatively modest 1,136%.