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Raydium currently trades at $2.34 with a market cap of $630.75M. XRP's market cap is $85.32B — 135× larger. Here's what that gap means per token:
The implied price is current price × (target market cap ÷ current market cap), holding circulating supply constant. It answers "what if Raydium were valued like XRP" — it does not predict price, and it says nothing about the capital inflow required to get there. For that, PumpMath's volume calculator walks the actual AMM liquidity curve (x·y=k) of Raydium's deepest pool.
At XRP's current market cap of $85.32B, the implied price of Raydium is $316.52 per RAY — 135× its current price of $2.34.
Implied price = current price × (target market cap ÷ current market cap). Raydium's market cap is $630.75M and XRP's is $85.32B, so the multiplier is 135×. The calculation assumes circulating supply stays constant.
Market cap comparisons show relative scale, not likelihood. Reaching a larger market cap requires sustained net capital inflow; the buy volume needed depends on liquidity, which you can estimate with PumpMath's volume calculator.