Despite his unimpressive price actionCrypto analysts have maintained confidence in the XRP price offering bullish price predictions for the crypto token. This time, crypto analyst BarriC has predicted that XRP’s price reaching four figures is bound to happen.
XRP price will reach $1,000 at some point
BarriC explained in an X (formerly Twitter) after why he believes XRP will eventually reach $1,000. He said no one could have foreseen Bitcoin reaching $73,000 when it was trading at $330 in 2016. He also referred to other crypto tokens such as EthereumLitecoin, SolanaAnd Dogecoinwhich at one point traded very low and subsequently made significant price gains.
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Therefore, he believes a similar pattern could occur with XRP. He noted that at one point, when it was at $0.006 in 2017, XRP was trading much lower than its current price level, and no one thought it would rise to that level. all-time high at $3.80. BarriC further claimed that those who say XRP will never change in price “clearly don’t understand how crypto works.”
The crypto analyst added that the “explosive price action‘ because XRP will definitely come at some point, and what’s important is to have the ‘strength’ to hold on until that time comes. He also suggested that there was no better time than now to accumulate XRP, stating that there is an advantage to accumulating when people either don’t know enough about the crypto or outright hate it.
This is not the first time the crypto analyst has predicted that XRP will reach $1,000 at some point. For now, him named that XRP would reach this price level in the next five to ten years. He explained that this exponential price increase will happen thanks to the amount of money that is expected to flow into the crypto space.
He also referred to the Discover Bitcoin ETFs and how they helped drive up the price of Bitcoin. He believes something similar could happen for XRP when institutional demand for the crypto token comes through an XRP ETF.
XRP can reach up to three figures
XRP YouTuber Maan Lambo has previously suggested that the price of XRP cannot exceed three figures. He noted that there is not enough liquidity in the world to drive the price of XRP to such heights. He believes that mainstream adoption of XRP and liquidity flow will only lead to XRP up to three figuresand it will still take “many market cycles” for XRP to even climb to such a price level.
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XRP possibly reaching three figures brings into focus the prediction of crypto analyst CryptoBull. The analyst recently predicted that XRP could rise to $154, although he did not specify exactly when this will happen. Meanwhile, crypto analyst JackTheRippler predicted that XRP would rise to $100 as the legal battle between the Securities and Exchange Commission (SEC) and Ripple ended.
Featured image from Tradingview.com’s Coinpedia chart