Expert Says XRP Could Surge 100x in Not-Too-Distant Future
Popular XRP community commentator Chad Steingraber boldly predicts the price of XRP could increase 100-fold from its current level.In a recent tweet, Steingraber reminded the crypto community that just a few years ago, one could purchase five XRP tokens for $1. Today, however, the same quantity costs around $12.Notably, he was referring to December 2020, when XRP last traded at approximately $0.20. This was during the peak of the panic following the SEC's lawsuit announcement against Ripple. At the time, XRP traded near its lowest levels in recent years, in hindsight.With XRP currently trading at $2.35, the price has surged by approximately 1,190% since then. As a result, it now costs investors about 12 times more to reaccumulate a position compared to those lows.Given this growth over the past four years, Steingraber suggested that in the not-too-distant future, more people could again find themselves priced out of XRP. He projected that XRP could be trading at a much higher premium, forecasting a 100x price increase from current levels.When Could XRP Achieve a 100x Surge?A 100-fold increase from todays price would place XRP above $235 per token. Interestingly, Steingraber believes this level, which implies a market cap exceeding $15 trillion, could materialize in the near future.Some ambitious analysts within the XRP community have made similar predictions, even suggesting such gains could happen during this current market cycle. One prominent voice is Javon Marks, who often bases his forecasts on XRPs historic rally in 2017 to project future highs.However, more conservative prediction platforms like Telegaon estimate that XRP might only reach the $235 mark by 2050, nearly three decades from now. Analysts at Changelly offer a more optimistic outlook, suggesting that XRP could hit that price point within 15 years."XRP Will Never Reach $235"Despite these optimistic projections, skepticism remains widespread in the crypto community regarding XRPs potential to achieve a 100x surge in a few years.For example, forex trader Tony SV challenged Steingrabers prediction, urging him to provide a specific timeline and backing it with a monetary wager. According to Tony, XRP will never experience such a dramatic price increase anytime soon.https://twitter.com/TonyTDBN/status/1921763327186800767Meanwhile, X user Satoshi Guacamole humorously sided with Tony, joking that XRP might only 100x when a can of soda costs $100. In his analogy, 1 XRP would still buy two sodas, just as it does now.His point was that even if the nominal price of XRP were to reach $235, its purchasing power might remain unchanged due to inflation. Guacamole quibbled that if XRP reached $235, prices of everyday goods would likely have increased by the same magnitude, leaving the real value effectively the same.
Text source: The Crypto Basic
