Some XRP proponents have recently brought back into discussion statements from the well-known American exchange Uphold regarding the possibility of XRP reaching $1,000.
In a post on X, an XRP community member revisited past commentaries where Uphold had sparked conversations about XRP’s future. Between 2020 and 2021, Uphold repeatedly asked XRP enthusiasts what their first action or reaction would be if XRP were to reach a price of $1,000.
“What’s the first thing you’d do if XRP reached $1,000?” Uphold would ask in some instances. This inquiry often garnered reactions from XRP enthusiasts, with some humorously commenting that they would retire, travel, and buy holiday homes around the world.
Commenter Brilliant Stefan joked that if XRP reaches $1,000, he would keep only a tiny fraction of the gains for himself, donating 95% of his 5% share to charity and using the remaining amount to buy a pack of cigarettes and a Pepsi.
What XRP At $1,000 Means
For context, XRP is trading at around $0.575 today. If it were to attain $1,000, this would represent a return on investment of 173,813%. In this hypothetical scenario, even a $100 investment in XRP today would be worth $173,813.
Given the magnitude of this potential return, members of the XRP Army continue to revisit these past inquiries from Uphold.
However, some have gone so far as to misattribute a prediction to Uphold, claiming the exchange has forecasted that XRP would reach $1,000, which is not the case. For instance, in the latest reemergence, pseudonymous X user “Ripple Effect” stated, “XRP will hit $1,000, Uphold told you.”
However, in each instance where Uphold mentioned $1,000 in relation to XRP, the exchange simply posed a question. Nevertheless, ambitious community members repeatedly took it as a forecast for XRP.
This sentiment first gained traction after Ripple and Uphold announced a partnership in Q4 2023, where the exchange was set to serve as one of Ripple’s partners for U.K. and U.S. financial institutions for XRP-based money transfers.
Based on this, the XRP Army found reasons to believe that Uphold’s repeated inquiries about XRP reaching $1,000 contained hidden messages.
Uphold Does Not Make Crypto Forecasts
However, Uphold has recently publicly stated that it does not make projections for cryptocurrencies. The clarification came after an incorrect $10,000 XRP prediction was attributed to the exchange.
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.
