Multiple industry commentators have predicted XRP to hit the $100 level, with some of these predictions spotlighting possible timelines for this target to hit.
Currently trading for $0.5866, XRP continues to face struggles on its path to rejuvenation. The crypto asset has failed to reclaim the $1 level since dropping below it in December 2021. Its closest attempt to this level came up last July, when it soared to $0.93.
XRP to $100 Predictions
Despite XRP’s inability to recover $1, most market analysts have maintained confidence in its potential for growth. While some market watchers expect rallies to modest prices such as $5 to $6, others believe targets like $20 to $30 are also plausible.
Meanwhile, there is a camp of commentators that have continued to champion the narrative of an XRP uptrend to levels around $100, one of the most ambitious targets for XRP. For instance, the pundit behind the Common Sense Crypto account argued that XRP could hit $100 based on the evolving utility of the XRPL and the conclusion of the Ripple case.
In addition, the host of the XRP community-based media resource 24HrsCrypto shared similar sentiments last November. He called attention to Bitcoin’s (BTC) ability to spike from $0.01 at some point to the 2021 all-time high at $69K. According to him, if BTC is capable of achieving this despite not boasting as many features as XRP does, XRP can also reach $100.
Timelines for XRP to Hit $100
While the $100 target has taken the spotlight in recent times, some projections have gone the extra mile of setting out timelines for XRP to reach this target. Market commentator Andrew Forte provided one such prediction in March. He envisioned a future where Bitcoin hit $1 million, Ethereum clinched $20,000 and XRP reached $100 in 2037.
Analyst BarriC also casually provided a timeline that XRP could follow on the journey to the $100 level. In a disclosure four months ago, the analyst asserted that the market presents multiple opportunities for investors to buy XRP at cheap prices.
However, he believes these opportunities will continue to change over the years. While XRP below $0.80 is what many consider as a cheap price, BarriC expects XRP’s cheap price to be in the range of $1 to $3 by the end of the current bull run. According to him, a cheap price for XRP could be between $100 and $500 by 2032 to 2033.
Meanwhile, analysts at crypto exchange Changelly recently predicted that XRP could reach $100 by April 2040. However, the feasibility of these targets remain questionable. XRP would need to rally 16,961% from current prices to reach $100. Further, a $100 price for XRP would translate to a market cap above $5.6 trillion.
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.
