Pundit Says XRP Price Will Not Teleport To $500 This Cycle, Shares ‘Realistic’ Targets

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. A recent debate on the social media platform X has drawn attention to XRP’s long-term price outlook after an XRP enthusiast, Crypto Bitlord, proposed a rather wild scenario where the cryptocurrency teleports to $500 instantly. His post, which imagined XRPbeing used by the US government to pay off its $35 trillion debt, caused some reactions across the XRP community. 

In response, well-known crypto analyst ChartNerd stepped in to temper expectations, explaining that while XRP’s future is bright, such a leap to $500 is far from realistic this market cycle. ChartNerd’s Take On Realistic XRP Targets

ChartNerd’s comments immediately stood out for their grounded tone, especially amongst reactions filled with predictions of explosive, instant gains. Responding directly to Bitlord’s vision of XRP rocketing to $500, ChartNerd clarified that XRP’s price will not trade at that price target this cycle. “$XRP will not teleport to $500,” he said. Related Reading XRP Strengthens Under The Weight Of Heavy FUD And Loss-Selling, What This Means For Price 6 days ago

Instead of a three-digit price, the analyst noted that the XRP price can only realistically reach the double-digit threshold in this cycle. “Realistically, it could definitely teleport to $13-$27 this cycle,” he continued.

This double-digit price target, although very bullish compared to XRP’s current price action, pales in comparison to other bullish projections from other crypto analysts, with many anticipating triple-digit price targets and others even predicting a run to $1,000 and beyond.

As conversations around potential XRP ETFs continue to gain momentum, one commenter asked ChartNerd whether his projections accounted for the billions in possible ETF inflows and the tokens expected to be locked in treasury funds and liquidity pools over the next few months. 

His response showed that his analysis was not detached from these developments. ChartNerd explained that even if XRP captured half of Bitcoin’s ETF trading volume from the past two years, the result would still translate to a market capitalization of roughly $1.2 trillion, bringing the price closer to his $27 upper target rather than $500.

Most ultra-bullish XRP price predictions are contingent on the cryptocurrency gaining adoption among banksand players in traditional finance. However, adoption models grow over years, not weeks, with ChartNerd adding that “these developments take time, and triple digits are not possible until many a year down the line.” Staying Grounded Amid Bold Predictions

Another user remarked that Bitcoinonce faced similar disbelief before breaching $100,000, meaning that XRP could surprise skeptics in the same way. ChartNerd, however, maintained his cautious stance with the response, “Highly unlikely imo, we shall see. I’ll stick to double digits.” Related Reading Pundit Says XRP Price Will Not Teleport To $500 This Cycle, Shares ‘Realistic’ Targets 6 hours ago

Such comparisons overlook the fundamental differencesbetween Bitcoin’s and XRP’s market dynamics, especially when it comes to their circulating supplies.

At the time of writing, XRP is trading at $2.66, a 1% increase in the past 24 hours and a 9.2% rise over the last seven days. To reach the hypothetical $500 level, XRP would need to surge by roughly 18,690% from its current price. By contrast, hitting $13 or $27 would represent gains of approximately 388% and 915%, respectively. XRP trading at $2.66 on the 1D chart | Source: XRPUSDT on Tradingview.com Featured image from Getty Images, chart from Tradingview.com