The XRP price has often drawn ambitious forecasts, but few as outrageous as a recent prediction placing its potential value at $170,000 per 0 projection not only suggests that XRP could surpass the current price of its primary rival, Ethereum, but even dethrone Bitcoin, which has an ATH above $124,000. The crypto analyst behind this bold claim openly rejects conventional valuation models, arguing that they belong to the “old world” and are incapable of measuring the disruptive potential of blockchain-based 1 A $170,000 XRP Price Isn’t “Impossible” XRP long-term price forecasts continue to grow bolder as the market evolves, with the latest prediction by crypto analyst ‘XRP Dragon,’ suggesting that reaching $170,000 is not only possible, but 2 analyst argued that the reason many dismiss such a target is due to an insistence on applying “old world math” to an emerging digital economy that operates under different 3 Reading: Analyst Predicts XRP Price Will Definitely Reach $10,000, Gives Reasons Why To illustrate this distinct perspective, the analyst shared a video alongside his analysis on X social media, featuring a woman who explained the reasoning behind his bold $170,000 4 likened the misconceptions surrounding XRP’s price potential to how people viewed the internet in its early 5 explained that back in 1995, it would have made no sense to measure the transformative power of the internet through an outdated tool like the phone 6 is because, at the time, the internet was creating an entirely “new world” that the phone book could not 7 argues that a similar shift is occurring with money 8 still rely on old-world concepts, such as market capitalization, a measure that works in the old paper system.
However, this obsolete system is falling apart as the world transitions into a new era of digital 9 to her, using outdated calculations like market cap to define XRP’s potential value is akin to trying to fit a revolutionary new technology into a framework designed for the 10 Reading: Analyst Highlights 2 Scenarios That Sends XRP Price To $9.6 And $33 She further added that the foundation of global finance is shifting rapidly as banks, countries, and eventually trillions of dollars transition onto digital 11 this system, XRP is designed to serve as the connecting bridge that enables value to flow between institutions and across 12 this perspective, the $170,000 XRP price projection is not an impossible or unrealistic target but an “inevitable” outcome, if the asset is measured according to the digital system it was created 13 Repeats 2017 Bull Run Pattern New technical analysis further reveals that XRP is showing signs of repeating its historic 2017 bull 14 to crypto analyst EtherNasyonal, back then, XRP followed a precise sequence of accumulation, rally, re-accumulation, and then another explosive move upward before entering 15 analyst’s chart shows that XRP is mirroring the exact pattern seen during the 2017 bull run.
Already, XRP has passed through its accumulation and initial breakout phase, now sitting in a consolidation 16 price action repeats past patterns exactly, another strong move higher could emerge in 17 predicts a potential price surge toward $10 before the distribution phase kicks 18 image from Getty Images, chart from 19
Story Tags

Latest news and analysis from NewsBTC



