Reason to trust Strict editorial policy that focuses on accuracy, relevance, and impartiality Created by industry experts and meticulously reviewed The highest standards in reporting and publishing How Our News is Made Strict editorial policy that focuses on accuracy, relevance, and impartiality Ad discliamer Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio. XRP might be currently trading around $2, but its path to double and four digits may be faster than imagined.Notably, a bold new forecast has shaken up the XRP community, as crypto analyst BarriC declared that the token could explode from $2 to $1,000 much faster than anyone expects. His comments have caused a bit of optimism among investors, many of whom are already eyeing a new all-time high as momentum builds following the cryptocurrency’s recent quarterly close above $2.25. XRP’s Rise To $1,000 Based On History
Taking to the social media platform X, prominent analyst BarriC predicted thatthe XRP price will surge to $1,000 a lot sooner than most people anticipate. Notably, BarriC’s prediction of a surge draws on the cryptocurrency’s historical performance. Related Reading Pundit Says XRP’s Rise To $1,000 Will Happen A Lot Sooner Than Anticipated 5 hours ago
Back in 2017, XRP was trading at just $0.006 before launching into a parabolic bull run that took it as high as $3.40 by early 2018. Investors back then underestimated this move, and only a few were able to get in at the earliest. This $3.40 all-time high has been maintained by the altcoin for over seven years, but the situation might change very soon. The altcoin’s current price level, which is just above $2, is a mirror of that early accumulation phase.
According to BarriC, investors today may similarly be underestimating how quickly XRP can move. “People buying XRP at $0.006 in 2017 weren’t expecting it to skyrocket to $3.80,” he wrote on X and suggested that a similar underestimation is happeningtoday. Community Torn Between Hope And Doubt
His claim, “XRP will skyrocket from $2 to $1,000a lot sooner than people anticipate,” has been met with mixed reactions of both excitement and skepticism on the social media platform. Some community members were quick to support BarriC’s outlook, with one user responding, “XRP $1,400 is very realistic.” The statement was in reference to its 63,000% rise in the 2017-2018 bull run emphasized by BarriC. Another user commented that although XRPwill definitely reach that price level, it won’t be very soon, and it will be “maybe sometime in 2030 to 2040.” Related Reading Pundit Predicts XRP Price Will Surge 35,000% When These Two Things Happen 4 days ago
Others, however, urged caution, pointing out that XRP is no longer an underdog.Unlike in 2017, XRP’s growth is now very much anticipated,which may dampen the element of surprise that helped its rally seven years ago. Another factor is the current state of the altcoin, along with the significant inflows that could lead to a rally of 63,000% from its current price level.
One of the commenters noted that back in 2018, it was possible to invest as little as $6,000 and own as many as 1 million XRP tokens. Another community member noted that althoughXRP might not reach such an absurd price target, it is going to break out soon to around $10.
At the time of writing, XRP is trading at $2.33, up by 2.6% in the past 24 hours. Reaching the $1,000 price target would translate to a 42,800% return from the current levels. XRP trading at $2.35 on the 1D chart | Source: XRPUSDT on Tradingview.com Featured image from Getty Images, chart from Tradingview.com