A number of entities, including crypto exchange Changelly and Telegaon, have provided forecasts for XRP’s future price range of $100 to $300.
XRP has been experiencing a decline in value, down 14% this year, while other assets have seen significant growth. This underperformance is believed to be a result of Ripple’s sales of XRP and the ongoing SEC lawsuit. However, these claims are speculative in nature.
Ripple CTO David Schwartz has consistently argued against the notion that this suppression is caused by Ripple’s periodic sales of XRP. Despite the ongoing debate, several analysts predict that XRP will replicate its 2017 price surge, during which it skyrocketed by 48,823% after initially underperforming.
Various market observers have set targets for XRP to reach during a similar price upswing. Crypto analyst EGRAG suggests that XRP could reach $27 during this meteoric surge, while another analyst, CryptoBull, envisions prices soaring as high as $154.
While some commentators dismiss these projections, others continue to anticipate an eventual upward trend, even if it is only a fraction of the targets. In light of these mixed sentiments, several entities have projected timelines for XRP to potentially reach the $100 to $300 price range.
For example, analysts at Changelly foresee XRP hitting $100 in April 2040, with an average trading price of $104.62. They believe that XRP will continue to rise in price after surpassing the $100 mark, predicting it to break $200 in August 2040 and reach $300 in December of the same year.
On the other hand, researchers at crypto prediction resource Telegaon are less optimistic about XRP’s future than Changelly’s analysts. In a recent analysis, the Telegaon team predicts that XRP will only reach $100 in 2050, 26 years from now. They do not provide a projected timeline for XRP to reach $200 or $300.
Despite the less optimistic outlook, Telegaon remains more bullish on XRP than CoinCodex, a market analysis platform. CoinCodex expects XRP to continue underperforming in the current cycle and subsequent cycles. They predict that XRP will only reach a peak price of $2.45 in 2029 and $1.7 in 2030, suggesting that it will not surpass its all-time high of $3.84 in the next 16 years.
The Crypto Basic has also highlighted multiple past predictions suggesting that XRP could reach prices between $100 and $300. Analyst Javon Marks projected that XRP could reach $200 based on a significant coil pattern. Additionally, Block Bull, another market analyst, recently asserted that XRP could reach $250 in this market cycle, specifically in 2025. EGRAG also suggested earlier this year that XRP has the potential to reach $220. It is worth noting that XRP is currently trading at $0.5296, representing a 2% decrease in the last 24 hours.
Disclaimer: This content is for informational purposes only and should not be considered financial advice. The views expressed in this article may include the author’s personal opinions 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 incurred.
