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

Name	Symbol	Market	Market Cap ($)	Algorithm
Ripple	XRPUSD	Crypto	25,746,202,627	Not Mineable

Name

Symbol

Market

Market Cap ($)

Algorithm

Ripple

XRPUSD

Crypto

25,746,202,627

Not Mineable

	Price Change	Price Change %	Current Price	Bid Price	Offer
	0.0005	0.11%	0.4724	0.4723	0.4724

Price Change

Price Change %

Current Price

Bid Price

Offer

0.0005

0.11%

0.4724

0.4723

0.4724

High Price	Low Price	Open Price	Prev. Close	52 Week Range
0.4747	0.4694	0.4719	0.4719	0.399480 - 0.950000

High Price

Low Price

Open Price

Prev. Close

52 Week Range

0.4747

0.4694

0.4719

0.399480 - 0.950000

Exchange	Last Trade	Size	Trade Price	Currency
GDAX	14:20:40	2.00	0.4724	USD

Exchange

Last Trade

Size

Trade Price

Currency

GDAX

14:20:40

2.00

0.4724

USD

Price x Volume	Volume	Base Symbol	Related Pairs
5,499,914.01	11,653,338.59	XRP	XRPEUR	XRPGBP	XRPBTC

Price x Volume

Volume

Base Symbol

Related Pairs

5,499,914.01

11,653,338.59

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

28/05/2024 8:00pm

NEWSBTC

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. Related Reading: Dogecoin Poised For 700% Explosion To $1.17 Amid Recovery In Major Metrics 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. Related Reading: Kickstarting The Bitcoin Bull Run: Expert Says $70,000 Is The Level To Beat 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. Featured image from Coinpedia chart from Tradingview.com

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XRPUSD Ripple