Mickle, a U.S.-based wealth advisor, has suggested that a 1,000X price surge for XRP could be on the horizon, urging market participants not to miss out.
The analyst expressed this view in a recent post on X in which he explored XRP’s historical pattern. Specifically, Mickle recalled when XRP traded largely below $0.01, characterized by sideways movements and low volumes.
This occurred between early 2014 and 2017 when XRP mostly traded with two leading zeros. Mickle noted that during this period of stagnant performance, many were writing off XRP as “dead,” “going away,” or a “failure,” as other digital assets were surging in value.
However, a dramatic turnaround occurred in 2017. XRP’s price first exploded by over 5,200% from around $0.0056 in February to $0.3 by June of that year. Following a brief period of sideways movement, XRP experienced another massive surge. It soared from around $0.2 in November to an all-time high of $3.84 on January 4, 2018.
On a larger scale, XRP’s remarkable pump to an ATH represented a staggering growth of over 75,000% or 750X.
XRP Price to 1,000X?
By revisiting this history, Mickle aimed to reassure market participants about XRP’s current performance. It suggested that the asset has a precedent of underperforming early on before experiencing a violent price surge.
He emphasized that investors who are overly focused on XRP’s current market activity and swayed by criticism are missing the bigger picture and should consider selling their XRP and moving on.
Notably, Mickle suggested a potential 1,000X price surge for XRP, equivalent to a 100,000% increase. If realized, this would propel XRP’s market value from its current $0.4452 to $445. By extension, XRP would boast a staggering $44 trillion market capitalization.
🚀 XRP Price 1000x 🤑 Don't Miss Out. pic.twitter.com/R6IiwOIozP
— mickle (@xrpmickle) July 10, 2024
Aside from historical observation, another factor influencing Mickle’s bold outlook is his view that XRP is the equivalent of Apple stock.
Interestingly, many in the XRP community believe his audacious outlook is realistic, anticipating its materialization someday. Meanwhile, critics sternly disagree, given the market cap implication of such a price level.
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.
