Crypto analyst outlines price targets for XRP, stressing the need for realistic expectations, while the XRP community expresses varied sentiments.
Prominent influencer Crypto Assets Guy recently took to Twitter, outlining a series of price targets for XRP that he believes could be achieved in the future. He emphasized the need for realistic expectations within the XRP community.
In his tweet, Crypto Assets Guy shared anticipated milestones for XRP’s price surge, stating that a settlement announcement could drive the price to $3.50, followed by relisting on US exchanges, potentially pushing it to $5.
Settlement announcement
$3.50Relisting in US exchanges
$5Ripple IPO
$7Banks partnerships
$10Stay realistic $XRP fam
— Crypto Assets Guy (@cryptoassetsguy) July 5, 2023
He further highlighted that Ripple’s initial public offering (IPO) could propel the price to $7, and partnerships with banks could elevate XRP to $10. Moreover, a top financial expert recently expressed that Ripple IPO is best when XRP is low-priced.
While acknowledging the growth potential, Crypto Assets Guy urged XRP enthusiasts to maintain a realistic outlook. The well-known crypto analyst previously cautioned that XRP is neither going to $100 nor $50 post-lawsuit victory, as The Crypto Basic reported.
Varied Sentiment from XRP Community
Crypto Ninja, an XRP enthusiast, expressed mixed sentiments, initially considering price targets of $10 to $27 based on chart analysis but then recognizing the vast potential of XRP. He then suggested that these estimates may be too conservative.
Crypto YouTuber Derrick Purcell shared a similar sentiment, agreeing that $10 is a conservative estimate but also noting that $25 is a feasible target in the next price cycle if market conditions become exceptionally bullish.
Another commenter presented a long-term perspective, envisioning XRP’s price trajectory over the next 7-10 years.
The Twitter user speculated that the adoption of automated market makers (AMMs), increased uptake of hooks and sidechains, bridging with central bank digital currencies (CBDCs), and participation in tokenization could push the price to ranges of $12, $20-$30, $40-$50.
However, one individual shared a contrasting view, emphasizing the volatility of XRP’s price movement, citing a recent scenario where a settlement announcement caused a temporary pump to 0.87 before experiencing a subsequent dump to 0.65.
While there is a range of perspectives on XRP’s potential price, some more optimistic than others, investors must do personal research and consider that market conditions and unforeseen factors can significantly influence price movements.
XRP is currently changing hands at $0.4823, down 0.76% over the last 24 hours. The asset has gained by 3.72% in the past week.
Disclaimer: This content is informational 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 Crypto Basic’s opinion. Readers are encouraged to do thorough research before making any investment decisions. The Crypto Basic is not responsible for any financial losses.
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