Analyst Dismisses $10,000-$50,000 XRP Price Target as Unrealistic
The debate over the potential price of XRP reaching four- or five-figure valuations continues to generate reactions in the crypto community.
Analyst's Perspective
- Market analyst ChartNerd argues against predictions of XRP hitting $10,000 to $50,000, labeling them unrealistic.
- ChartNerd emphasizes that such targets ignore factors like supply, liquidity, and market cap, which should align with adoption metrics and market structure.
- He suggests a more rational peak price range for XRP this cycle is between $13 and $27, contingent on ETF inflows and improved market sentiment.
Supporters' Viewpoint
- Proponents like "Mitchell Lion Heart" believe XRP will play a crucial role in global financial systems, supporting high price targets.
- Some argue XRP's use case could surpass that of Bitcoin, potentially leading to similar high valuations.
- Critics of extreme price targets suggest they damage the credibility of serious analysis on XRP fundamentals.
Currently, XRP trades at $2.41, after reaching an intraday high of $2.54.