Analyst BarriC has recently put forward potential timelines for XRP to reach its ambitious price targets of $1 to $500. He suggests that in the future, investors will view XRP’s current price as cheap in hindsight.
BarriC is among the growing number of market observers who believe that XRP is currently at a critical stage for buying opportunities. In a recent post on X, he expressed his belief that as time goes on, investors will have fewer chances to acquire XRP at a low price.
According to BarriC, anyone who purchases XRP below $0.80 is getting it at a cheap price. He has disclosed his prediction that XRP will be valued between $1 and $3 by the end of the current bull season, which is expected to conclude by 2025.
Interestingly, if XRP is considered cheap at around $3 by the end of this bullish period, it indicates that the analyst expects XRP to reach much higher prices at the peak of the market cycle.
Additionally, BarriC envisions XRP recovering from its anticipated low of $3 and surging into the double-digit range before the Bitcoin halving in 2028. Consequently, he suggests that the next cheap price for XRP will be between $10 and $15. He anticipates that this price will be seen as a bargain between 2028 and 2029.
Currently, XRP is trading at $0.6078, experiencing a 1.27% decline in the past day. If XRP reaches $15 in five years, it would imply a growth of 2,367% from its current low price.
Moreover, the analyst predicts even higher double-digit price levels for XRP beyond 2029. He suggests that XRP could still be undervalued even at triple-digit figures like $100. BarriC asserts that after the subsequent Bitcoin halving, which is expected to occur from 2032 to 2033, another opportunity to acquire XRP at a favorable price point will emerge. During this time, he expects XRP to trade within the range of $100 to $500.
Shannon Thorp, a banker and prominent figure in the XRP community, has previously expressed a similar sentiment, suggesting that even at $500, XRP might still be undervalued.
It is important to note that this hypothetical scenario could potentially result in XRP’s fully diluted market capitalization reaching around $50 trillion.
The underlying point that the analyst is making with this speculative scenario is that investors will continue to have access to XRP at relatively low prices. However, he emphasizes that the decision of what price to pay for XRP ultimately lies with the individual investor.
Disclaimer: This article is for informational purposes only and should not be considered financial advice. The views expressed in this article are the personal opinions of the author and do not reflect the opinion of The Crypto Basic. Readers are advised to conduct thorough research before making any investment decisions. The Crypto Basic is not liable for any financial losses.