The post Is a $1,000 XRP Price Possible? Here’s What Experts Say appeared on BitcoinEthereumNews.com.

The XRP community has gone into a frenzy about a possible XRP price following a tweet by the digital currency platform Uphold that hinted at nothing but “XRP just hit $1,000. What are you tweeting?” This unsurprisingly drove excitement but also raised eyebrows in skeptical crypto circles where such predictions do not go without heated debate. XRP Price Surge: Can it Hit $1,000 as Predicted? At the time of writing, XRP price was jumping above the $0.60 level. That said, the digital asset seems to display strong momentum as it stands 3.6% in gains week-over-week and up 11% month-over-month. Still, XRP remains 84% off of its ATH and lags most major crypto assets year to date. However, it all began last year, in November when one of the most popular financial blogs, WallStreetBulls, chipped in with its own audacious prediction. It confidently said: “XRP reaching $1,000 was no more an unreachable dream and it could well happen within a few months if not weeks. #XRP #CryptoRevolution.” Also, a recent commentary from Crypto Tank, a noted personality in the XRP community, once again brought to light the probability of XRP going up to $1,000. Crypto Tank said critics may undervalue the significant utility of XRP, especially in the global financial systems. Skeptics Call Out “Gaslighting” as Price Prediction Sparks Debate Clearly, not everyone is as confident about the potential of XRP. Vocal skeptic JO rebutted: “You really think it will jump from a $33 billion to a $100 trillion market cap overnight? That’s 20 times Apple’s value and 90 times Bitcoin’s. Stop the gaslighting! Let’s get it to $1, or maybe $5-$6.” Therein lies perhaps the greatest doubting factor in the crypto space: how did such a great leap in XRP price even occur? This would indicate that the market cap surges…

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Filed under: News - @ September 28, 2024 10:20 pm