XRP Price Could Rise 100-Fold According to Analyst Projections

Interest in XRP surged after Chad Steingraber suggested the token could increase 100-fold from its current price. Currently, five XRP cost about $12, up from approximately $0.20 when Ripple was sued by the SEC in December 2020.

Key Highlights

XRP price rose from around $0.20 to $2.39, resulting in over 1,100% gains for early investors.
Steingraber's projection implies a price of nearly $235 per XRP, leading to a market cap exceeding $15 trillion.
This market cap would surpass gold’s valuation of roughly $11 trillion and challenge major global banks.
Analysts differ on timelines for reaching this target, ranging from near-term to as far out as 2050.
CoinCodex predicts a potential short-term dip of 22%, targeting $1.85 by June 17, 2025.
Current market sentiment is neutral; the Fear & Greed Index indicates 'Greed' at 74.
Experts caution against assuming rapid growth, citing regulatory and real-world use factors as significant influences.

Steingraber’s bold prediction adds to ongoing discussions within the XRP community regarding future price movements.