$XRP Expert Says XRP’s Realistic Targets Are $5-$8, Says $589 and $1,000 Are Fantasy
Over the past four weeks, XRP has seen a 4X price increase, reaching $2.50 again after seven years of trading below that level. The speed with which it achieved this feat has reignited the optimism of ambitious analysts about XRP’s prospects. Some are calling for much higher double-digit prices, while others are even targeting triple-digit values.
Edward chimed in with his price prediction for XRP, estimating that it will reach between $5 and $8. While he remains open to the possibility that XRP could slightly exceed this range, he sees it as a realistic and safe projection for the current market cycle.
XRP Predictions of $589 to $10,000 Targets Are Fantasy
Meanwhile, Edward expressed strong skepticism about the more extreme price predictions that have been circulating in recent weeks. According to him, analysts predicting astronomical numbers, such as $10,000 for XRP, are delusional. “People who are calling for $589, $1,000 or $10,000 are out of their minds,” he said.
At press time, XRP is in the midst of a pullback, trading at $2.76. To reach $5 from the current level, XRP would need to grow by 106%. Meanwhile, the upper target of $8 requires a growth of 239%.
Given that XRP has seen more substantial growth than these levels since November, some market commentators disagree with a $5 to $8 spike.
Commentators argue that Edward may not fully understand the potential of XRP. Others insisted that calling for an $8 spike is too early as the bull market could last another 12 months.
Notably, market commentators calling for a more conservative outlook believe that as XRP rises, its explosive price potential will progressively diminish as its market cap expands. As a result, they consider overly optimistic targets unrealistic for the near term.
