GET 10% OFF ON YOUR FIRST ORDER. FOR A LIMITED TIME ONLY. Use code: WELCOME on checkout

Market Expert Says XRP Price Reaching $1,000 Is Inevitable, Here’s Why

Despite its unimpressive price action, crypto analysts have maintained faith in the XRP price, offering bullish price predictions for the crypto token. This time, crypto analyst BarriC has predicted that XRP’s price reaching four figures will undoubtedly happen. 

XRP Price Will Reach $1,000 At Some Point

BarriC explained in an X (formerly Twitter) post why he believes XRP will eventually reach $1,000. He mentioned that no one could have envisaged that Bitcoin would hit $73,000 when it was still trading at $330 in 2016. He also made reference to other crypto tokens like Ethereum, Litecoin, Solana, and Dogecoin, which were trading really low at some point and went on to make significant price gains. 

Therefore, he believes a similar pattern could play out with XRP. He noted that XRP was trading way lower than its current price level at some point when it was $0.006 in 2017, and no one imagined it would climb to an all-time high of $3.80. BarriC went on to claim that those saying XRP will never move in price “clearly don’t understand how crypto works.”

The crypto analyst added that the “explosive price action” for XRP will definitely come at some point, and what is important is to have the “fortitude” to hold until that time comes. He also suggested that there was no better time than now to accumulate XRP, stating there is a benefit in accumulating when people either don’t know enough about the crypto or outright hate it. 

This isn’t the first time that the crypto analyst has predicted that XRP will hit $1,000 at some point. Before now, he mentioned that XRP would hit this price level in the next five to ten years. He explained that this exponential price surge will happen thanks to the amount of money expected to flow into the crypto space. 

He also alluded to the Spot Bitcoin ETFs and how they helped drive up Bitcoin’s price. He believes something similar can happen for XRP when institutional demand comes for the crypto token through an XRP ETF. 

XRP Can Only Hit Three Figures At Most

XRP YouTuber Moon Lambo has previously suggested that XRP’s price cannot go above three figures. He noted that there isn’t enough liquidity in the world to drive XRP’s price to such heights. He believes that mainstream adoption of XRP and liquidity flow will only cause XRP to rise to three digits, and it will still take “many market cycles” for XRP to even climb to such a price level.

XRP possibly hitting three digits brings crypto analyst CryptoBull’s prediction into focus. The analyst recently predicted that XRP can climb to $154, although he didn’t state exactly when this will happen. Meanwhile, crypto analyst JackTheRippler predicted that XRP would rise to $100 when the legal battle between the Securities and Exchange Commission (SEC) and Ripple ended. 

XRP price chart from Tradingview.com

Latest Press

post-thumbnail
News
5 hours ago
6 Ways to Make Money Fast with Crypto in 2024 – Daily Payouts
Do you need to make money in a few days? Whether offline or online, there are more possibilities tha...
READ MORE
post-thumbnail
News
5 hours ago
XRP’s Price Stagnation: Insights from Ex-Ripple Director Amid Legal Battle
Ex-Ripple executive Sean McBride says that despite all the technical analysis and predictions, nothi...
READ MORE
post-thumbnail
News
6 hours ago
Investor Alert: XRP Reacts to SEC Case Verdict and Ripple Appeal
The recent settlement deal between the US SEC and Terraform Labs has sent shockwaves to the Ripple c...
READ MORE
post-thumbnail
News
6 hours ago
Crypto Analyst: Dogecoin and Solana Reach Critical Juncture, Make-It-or-Break-It Levels Approaching
Dogecoin and Solana have reached critical price points and could see a rebound soon. Crypto analyst ...
READ MORE
post-thumbnail
News
6 hours ago
Ripple-SEC Case: Pro XRP Lawyer Predicts Big Victory for XRP Army
 Fred Rispoli, Senior partner at Hold Law has predicted a verdict will be reached in the Ripple-SEC...
READ MORE
post-thumbnail
News
6 hours ago
Dogecoin Founder Unveils Elon Musk’s Potential Billion-Dollar Surge: Could You Copy It?
Billy Markus, co-creator of Dogecoin, stands in solidarity with Elon Musk regarding Tesla’s $56 bi...
READ MORE
post-thumbnail
News
6 hours ago
Cardano (ADA) Struggles Amidst FOMC Volatility Despite Chang Hard Fork Announcement
Cardano (ADA) is struggling to build up bullish momentum despite network developments including the ...
READ MORE
post-thumbnail
News
6 hours ago
Maximize Earnings with CryptoHeap: Achieve Financial Freedom through Crypto Staking
The post Maximize Earnings with CryptoHeap: Achieve Financial Freedom through Crypto Staking appeare...
READ MORE
post-thumbnail
News
6 hours ago
Crypto Regulations in Vietnam 2024
The post Crypto Regulations in Vietnam 2024 appeared first on Coinpedia Fintech News Vietnam, a soci...
READ MORE

Publish an article now

Unlock the power of media for instant visibility to the target audience, major SEO boost, greater website traffic and conversion rates.

click here to get started