Expert Predicts XRP to Reach 250 as Highest Target This Cycle

Renowned industry expert Chad Steingraber has boldly set ambitious price targets for Bitcoin (BTC), Ethereum (ETH), and XRP, with XRP expected to reach a peak of $250.
Despite XRP’s lagging performance compared to other cryptocurrencies, experts in the industry remain optimistic about its long-term potential. BTC has seen a 64% increase this year, while ETH has gained 61%. Similarly, Solana (SOL) has surged by 59.8%, and Binance Coin (BNB) has experienced a remarkable 119% increase since January.
Underperformance of XRP
In contrast, XRP has seen an 18% decline within the same period, making it one of the few mainstream assets to experience losses this year. Despite this setback, industry commentator Chad Steingraber, an independent game developer, believes that XRP will catch up with the rest of the market as the bull run progresses.
Optimism for XRP
One of the reasons for this optimism is XRP’s impressive performance in 2017. During that time, XRP showed similar lackluster movements before experiencing a significant bull run. While XRP initially lagged behind other assets, it eventually outperformed the market, soaring by 48,823%.
Projections for Bitcoin and Ethereum
Steingraber’s projections indicate that a similar pattern may unfold in the current market cycle. He has made three predictions for the peak prices of Bitcoin, Ethereum, and XRP. According to him, Bitcoin could reach a peak price of $250,000.
Several other analysts and industry leaders have also made similar predictions for Bitcoin. Billionaire Tim Draper, for example, expressed confidence in BTC hitting $250,000, albeit with a different timeline. Market analyst Raoul Pal also recently predicted a $250,000 price for BTC.
In addition to Bitcoin, Steingraber projected Ethereum to peak at $25,000 during this cycle. This projection is slightly higher than the $22,000 price prediction made by asset manager VanEck. However, Standard Chartered’s Geoffrey Kendrick has presented more conservative targets of $8,000 and $14,000 for ETH.
XRP Expected to Reach $250
Steingraber also predicted that XRP could achieve a peak price of $250 in this cycle, aligning with the projected prices of Bitcoin and Ethereum. These projections complement each other in a synergistic manner, according to the game developer.
In response to these predictions, Rob Cunningham, host of the KUWL show, emphasized the significant percentage increases needed for these price targets to materialize. With XRP currently valued around $0.50, Cunningham pointed out that the altcoin would need to rally by a substantial 500x or 50,000% to reach the $250 mark. While this presents a significant challenge, the unpredictable nature of the market leaves room for unexpected outcomes.
Disclaimer: This article is intended for informational purposes only and should not be considered financial advice. The opinions expressed are solely those of the author and do not necessarily reflect The Crypto Basic’s views. Readers are advised to conduct thorough research before making any investment decisions, as The Crypto Basic is not liable for any financial losses incurred.