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

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 ￰0￱ post, which imagined XRP being used by the US government to pay off its $35 trillion debt, caused some reactions across the XRP ￰1￱ 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 ￰2￱ 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 ￰3￱ Reading: XRP Strengthens Under The Weight Of Heavy FUD And Loss-Selling, What This Means For Price 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 ￰4￱ 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 ￰5￱ 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 ￰6￱ response showed that his analysis was not detached from these ￰7￱ 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 banks and 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 Bitcoin once 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: Market Expert Reveals Why The XRP Price Is Still Crashing Amid Good News Surrounding Ripple Such comparisons overlook the fundamental differences between Bitcoin’s and XRP’s market dynamics, especially when it comes to their circulating ￰8￱ 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 ￰9￱ reach the hypothetical $500 level, XRP would need to surge by roughly 18,690% from its current ￰10￱ contrast, hitting $13 or $27 would represent gains of approximately 388% and 915%, ￰11￱ image from Getty Images, chart from ￰12￱