You are all witnessing the rise of the phoenix before your very eyes. That would explain why our RSI is always red hot 😅. Double digits is almost guaranteed by the end of this run as the symmetrical triangle is broken, fundamentals are strong and there is nothing holding Xrp back any more. That case is as good as done and global adoption is coming. You are in Xrp early if you got it below $1. I know the targets of a speculative bull run but a utility run? I have no idea what the top is.
Let’s address the more outlandish price targets. The famous $589 ‘simpsons’ target is a confirmed photoshop. I wholly expect Xrp to be in the hundreds in the 2030s myself once that switch is flipped but let’s be realistic. The only way we’re getting 4 and 5 digit XRP is with a fundamental change. I won’t rule it out, it is possible in these scenarios but also too good to be true.
1) a set price for stability. This is the most plausible scenario. A supply shock causes XRP to become scarce and more is needed for ODL plus a higher price point is needed separate from mcap to facilitate trillions being moved daily. This would require a flip of the switch and the stablecoin being removed from the process.
2) burn rate increased drastically. At present it is negligible but may be possible eventually.
3) hyperinflation, speaks for itself. That 10k won’t be 10k any more.