XRP Price Prediction: Chase, a well-known Bitcoin fan who has The Bitcoin Express YouTube channel, made a straightforward and serious guess about XRP’s future price, questioning other hopeful price guesses.
Chase made it clear that he didn’t believe the high hopes for Ripple’s XRP to reach $1,000, $589, or even $100 were realistic.
Contrasting Predictions
The crypto community has seen different predictions.
Thomas Kralow, a famous manager of a cryptocurrency investment fund, said before that he thought the digital currency XRP would reach a value of 30 US dollars each in 2023. Drozdz, who analyzes markets at Conoxtia, agrees.
In a new post on X, the famous tech expert Dark Defender said that XRP is ready to reach $1 soon. He specifically set a goal of $1.88.
Meanwhile, Shannon Throp, who manages money at Wells Fargo, has before predicted that XRP will reach $500.
But all these hopeful predictions have come true.
Present XRP Market Reality
Chase’s brave forecasts highlight the basic problems with XRP’s value reaching so high, given there are more than 54 billion XRP tokens in circulation.
For example, if XRP were to reach $1,000 each, its total value would need to be $54.5 trillion, which is way more than the current total value of all cryptocurrencies, which is $1.9 trillion.
Chase suggests a made-up situation where XRP reaches the same $1 trillion market value as Bitcoin, which would mean XRP costs $18. Although it sounds like he’s joking, he’s actually thinking about whether this could really happen.
XRP’s Current State and Community Concerns
Looking at XRP’s market position, which is now at $0.5481 after a drop, people are worried. Experienced game designer Chad Steingraber mentions a big problem for XRP not doing well is the small amount of money coming in. When comparing to Bitcoin, which has a lot of money flowing in, it’s clear that XRP is having a hard time keeping up.
Steingraber imagines a situation where XRP gets $500 million every day. By using the Bank of America’s method, they think XRP’s total value could go up by $5 billion. If this extra value lasts for a month, the total worth of XRP could reach $179.9 billion. This means each XRP could be worth about $3.3.
Disclaimer: The information on this website isn’t meant to be taken as advice for investing money. Investing involves uncertainty, and there’s a chance you could lose your money when you invest.
