A recent discussion on social media platform his post, Inspired by XRP The fact that the US government is using it to pay off $35 trillion in debt has sparked some reactions across the XRP community.
In response, prominent crypto analyst ChartNerd stepped in and tempered expectations, explaining that while the future of XRP is bright, such a jump to $500 is far from realistic in this market cycle.
ChartNerd’s take on realistic XRP targets
ChartNerd’s comments immediately stood out for their grounded tone, especially in a reaction filled with predictions of explosive instant profits. In direct response to Bitlord’s vision of XRP soaring to $500, ChartNerd clarified that the price of XRP will not trade at its target price this cycle. “$XRP will not teleport to $500.” he said.
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Analysts pointed out that XRP price is not a triple-digit price and can realistically only reach a double-digit threshold in this cycle. “Realistically, we could definitely teleport to $13 to $27 this cycle,” he continued.
While this double-digit price target is very bullish when compared to XRP’s current price trend, it pales in comparison to other bullish predictions by other crypto analysts, with many predicting triple-digit price targets and others even We predict it will rise to over $1,000.
As the discussion surrounding a potential XRP ETF continues to gain momentum, one commenter asked ChartNerd whether his prediction takes into account the potential for billions in ETF inflows and the tokens expected to be locked up in Treasury funds and liquidity pools in the coming months.
His response showed that his analysis was not divorced from these developments. ChartNerd explained that even if XRP captures half of the Bitcoin ETF trading volume over the past two years, the result would still equate to a market cap of around $1.2 trillion, and the price would move closer to the $27 cap target instead of $500.
Most of the super bullish XRP price predictions depend on the cryptocurrency rallying Interbank implementation and traditional financial players. But adoption models are growing over years, not weeks, and ChartNerd adds that “these developments take time, and triple digits aren’t possible until more than a year away.”
Staying firm amid bold predictions
another user mentioned bitcoin This means that XRP could similarly surprise skeptics, having once faced similar distrust before breaking above $100,000. However, ChartNerd remained cautious, saying, “It’s highly unlikely, but we’ll see. I’m going to stick with double digits.”
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such a comparison overlook fundamental differences Bitcoin and XRP market dynamics, especially regarding circulating supply.
At the time of writing, XRP is trading at $2.66, up 1% in the past 24 hours and 9.2% in the past 7 days. To reach the hypothetical $500 level, XRP would need to surge approximately 18,690% from its current price. In contrast, reaching $13 or $27 would yield gains of approximately 388% and 915%, respectively.
Featured image from Getty Images, chart from Tradingview.com
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