Chad Steingraber predicts XRP will reach $250 by 2025, citing upcoming stablecoin regulations as a potential catalyst.
Chad Steingraber, an XRP community figure and lead Game Designer, recently sparked discussions with his bold prediction that XRP could hit $250 by 2025. Despite the lack of concrete reasoning for the forecast, his statements have stirred speculation within the community.
XRP $250
2025
— Chad Steingraber (@ChadSteingraber) June 21, 2024
Steingraber suggested that XRP would initially climb to $20-$25, with most investors likely to sell at that point. Another enthusiast speculated that many might sell at even lower prices due to frustration. The game designer concurred, adding that very few would hold on for substantial gains despite many investors looking to get rich off XRP.
Market Timing and Regulatory Influence
The debate around XRP’s future intensified when another community member asked about the timing of a price surge. They speculated a market boom could happen in late July or early August, followed by a market crash and a subsequent peace deal in late 2024 or early 2025, potentially injecting wealth into markets.
Steingraber responded by emphasizing the importance of stablecoin regulations, which he believes could be the catalyst for XRP’s rise, possibly by the end of the year or early next year.
Scarcity and Previous Predictions
Steingraber has been vocal about XRP’s potential before, recently claiming that only 21 million XRP would be available for public trading, with the rest locked in Private Liquidity Pools. This statement has faced skepticism, with many questioning the source and timing of this development.
There will be only 21Million #XRP available for public trading.
The rest will be in Private Liquidity Pools.
You (the public) will never see it.
— Chad Steingraber (@ChadSteingraber) June 23, 2024
Elsewhere, market analysts like Javon Marks have observed patterns in XRP’s performance that resemble a previous bullish divergence, which led to a dramatic price increase between 2017 and 2018. Marks suggested that XRP could reach $10-$20 or higher sooner than many anticipate.
Current Market Trends
Ultimately, the broader crypto market is currently under pressure, with increased selling activity pushing prices downward. Bitcoin, for instance, has seen its value fall to around $64,000, a level it hasn’t reached in over a month, triggering a ripple effect across various cryptos.
XRP has also been affected, dropping to $0.47 and experiencing a -3.82% decline in the previous week. However, XRP has shown greater resilience compared to other altcoins like Ethereum and Solana, which have seen more substantial drops.
This market downturn is followed by reports of Ripple’s potential involvement in BRICS Pay, a digital payments platform being developed by Brazil, Russia, India, China, and South Africa, aiming to serve an additional 3 billion users. Despite the current price of $0.4717, the potential for XRP’s role in global digital payments continues to capture interest.
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.
