XRP Pundit Claims $1,000 Price Target is ‘Genuinely Impossible’
Crypto analyst XRP Avengers stated that XRP cannot reach $1,000 due to its market cap implications. If XRP were to hit this price, its market cap would be 100 trillion, exceeding global GDP by tenfold.
Reasons Against $1,000 Price Target
- XRP's potential maximum price is $10, contingent on significant bank adoption.
- XRP Avengers plans to sell when the price reaches between $5 and $10.
- Market expert Tony Severino agrees, stating a $1,000 price point would surpass Gold and Apple’s market caps.
Software engineer Vincent Van Code contested these claims, arguing that small portions of XRP could theoretically trade at high values without affecting total supply valuation.
Analyst Supports $1,000 Prediction
Analyst BarriC reaffirmed that XRP could potentially reach $1,000, citing historical patterns of altcoin cycles and asserting that widespread bank adoption could lead to trillions of dollars flowing through XRP.
Current price of XRP stands at approximately $2.98, reflecting a decline of over 4% in the past 24 hours.