Well-known XRP analyst Egrag has made an eye-catching prediction about the future price of XRP.
In a recent tweet, Egrag suggested that someday in the future, holdings of 20,000 XRP could be worth $190 million. Notably, a 20,000 XRP portfolio is currently worth only $43,400, with XRP’s unit price at $2.17. Essentially, Egrag is arguing for a future where the unit price rises by 437,688% to $9,500.
How the XRP Bold Prediction Came About
Egrag’s audacious prediction comes amid the news that Strategy (formerly MicroStrategy), the business intelligence giant led by Michael Saylor, has purchased an additional 20,356 Bitcoin for $1.99 billion.
With the comparison, Egrag suggests that just as 20,000 BTC could today be worth $1.99 billion, XRP’s price could increase significantly, potentially matching Bitcoin’s past success.
Furthermore, Egrag emphasizes that the potential to secure such a high-value return from XRP will be available to only a select few. He believes only investors with foresight and strategic timing may benefit from XRP’s future rise.
While Egrag’s prediction remains speculative, it adds to the growing optimism surrounding XRP’s future among enthusiasts. Predictions of XRP reaching $10,000 have been a popular topic in the crypto community.
While some see it as hypothetical, others have even argued that a $10K price could be considered “conservative” in the grand scheme of things. However, such claims have not gone uncontested by critics.
Community Members React, Suggesting Timelines
As expected, Egrag’s tweet attracted significant attention from community members. “Come on, mate! That would be $9,500 XRP! Is that not too much?” remarked X user Payman Sam.
Another commenter sarcastically pointed out that the prediction “makes sense” to mention when XRP hasn’t even reached a new all-time high after winning all its cases, receiving good news, and securing numerous partnerships.
Meanwhile, some commenters have outrightly called the projection delusional. However, many in the comments were speculating on when 20,000 XRP could be worth $190 million. Some suggested a decade timeline, while a few others proposed 2045, essentially a two-decade timeline.
Interestingly, market commentators on the prediction platform Telegaon have asserted that even by 2050, XRP’s price would not have reached $300.
DisClamier: 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 opinion. Readers are encouraged to do thorough research before making any investment decisions. The Crypto Basic is not responsible for any financial losses.
