Expert Maps Out Timeline For The XRP Price To Cross $1,000

Name	Symbol	Market	Market Cap ($)	Algorithm
Internet Computer	ICPUSD	Crypto	5,691,474,411	Not Mineable

Name

Symbol

Market

Market Cap ($)

Algorithm

Internet Computer

ICPUSD

Crypto

5,691,474,411

Not Mineable

	Price Change	Price Change %	Current Price	Bid Price	Offer
	-0.110	-0.88%	12.39	12.38	12.39

Price Change

Price Change %

Current Price

Bid Price

Offer

-0.110

-0.88%

12.39

12.38

12.39

High Price	Low Price	Open Price	Prev. Close	52 Week Range
12.60	12.32	12.52	12.50	2.81 - 20.96

High Price

Low Price

Open Price

Prev. Close

52 Week Range

12.60

12.32

12.52

12.50

2.81 - 20.96

Exchange	Last Trade	Size	Trade Price	Currency
GDAX	09:00:27	16.15	12.39	USD

Exchange

Last Trade

Size

Trade Price

Currency

GDAX

09:00:27

16.15

12.39

USD

Price x Volume	Volume	Base Symbol	Related Pairs
2,416,593.13	194,515.40	ICP	ICPEUR	ICPGBP	ICPBTC

Price x Volume

Volume

Base Symbol

Related Pairs

2,416,593.13

194,515.40

Expert Maps Out Timeline For The XRP Price To Cross $1,000

08/04/2024 10:00pm

NEWSBTC

Crypto Expert BarriC has raised eyebrows with his recent analysis of the XRP price, in which he stated that the crypto token could rise to $1,000. As part of his analysis, he also elaborated on why this price level is attainable and not an “arbitrary number” he has pulled out for fun. When Will The XRP Price Rise To $1,000? BarriC suggested in an X (formerly Twitter) post that the XRP price will rise to $1,000 in the next five to ten years. He explained that this would happen due to the new money flowing into the crypto space during that period. Specifically, he alluded to the “400 trillion dollars of personal wealth” and also institutional money yet to come into crypto, which could help drive up XRP’s price. Related Reading: $115-Million Bitcoin Whale Wakes Up From 10-Year Slumber – What’s Next? To drive home his point, he drew his followers’ attention to the Spot Bitcoin ETFs and how they have so far contributed to Bitcoin’s bullish momentum and price surge. As such, he believes that XRP could also benefit from such institutional demand once institutions begin to show interest in other crypto ETFs like a potential XRP Spot ETF. BarriC boldly claimed that to say that XRP will not hit $1,000 “is to say that the entire crypto market as a whole will never grow or evolve or that new money will not come in.” He also suggested that the only way the XRP price wouldn’t hit $1,000 was if Ripple somehow failed in everything they had set out to do. However, he believes all that is unlikely and that the crypto space and Ripple will continue to grow the same way they have since 2016, even though he admitted that people “aren’t ready to fathom price action like a $1,000 $XRP.” He added that this is the same way no one in 2016 could have fathomed Bitcoin at $74,000, but it eventually happened. XRP To $2,500 Is Also A Possibility Crypto analyst Egrag Crypto once raised the possibility of the XRP price hitting $2,500 by 2029 while sharing his encounter with a top banker. Egrag mentioned that the banker told him XRP would hit this price level, and he agreed. Like BarriC, Egrag claimed that the banker spoke about how ETH hitting $2,500 seemed impossible then, but it happened. Related Reading: ADA Price Ready To Soar As Cardano Network Hits New 88.6 Million Transaction Milestone However, XRP YouTuber Moon Lambo will have reservations about these price predictions. He once suggested that there isn’t enough money in the world to drive XRP’s price to four or five digits. He also noted that any new money that flows into crypto won’t only go into the XRP ecosystem. As such, one can’t base such an ambitious price prediction solely on money that has yet to come into crypto. At the time of writing, the XRP price is trading at around $0.60, up in the last 24 hours according to data from CoinMarketCap. XRP price sitting at $0.6 | Source: XRPUSD on Tradingview.com Featured image from CryptoRank, chart from Tradingview.com

Market Data

News

Trading Tools

Markets

Discover

Hot Features

Follow Feed

Options Flow

Monitor

ICPUSD Internet Computer