[ccpw id="39382"]

HomeCrypto NewsMarketAlgopear Co-founder Says XRP Price Will Shock Millions

Algopear Co-founder Says XRP Price Will Shock Millions

Date:

Follow TheCryptoBasic

HighVibeAssets, the pseudonymous co-founder of Algopear, predicts that XRP price will “shock millions” as Ripple’s NDAs expire amid widespread skepticism.

Notably, this statement comes as Bitcoin advocates warn that altcoins like XRP continue to underperform against BTC and are “not worth it.” 

In response, HighVibeAssets remarked that the naysayers could end up having only themselves to blame.

- Advertisement -

“XRP Price Is Going to Shock Millions”

HighVibeAssets asserted that XRP’s price is poised for a dramatic surge that will catch many by surprise. He claimed that Ripple’s non-disclosure agreements (NDAs) are expiring and associated contracts are being released almost daily.

According to him, investors have had ample time to accumulate XRP at lower prices, but institutional interest may soon drive the price beyond the reach of retail investors.

The XRP community believes Ripple’s partnerships with banks and payment providers have long been shrouded in confidentiality. 

NDAs expiring “by the day,” as HighVibeAssets claims, suggest that more institutional announcements could soon hit the market to create new demand for XRP liquidity.

Meanwhile, the coin is already seeing massive institutional interest and new partnership announcements. Still, recent price performance has not reflected much of the positive news, at least not to the satisfaction of XRP holders.

Bitcoin Skeptics See a Different Picture

However, many do not share the widespread belief of the XRP Army. In an episode of the Mr M Podcast, Cory Klippsten, CEO of Swan Bitcoin, presented a strong counterpoint. He argued that almost every altcoin, including XRP, loses value over time when measured in Bitcoin terms.

According to Klippsten, throughout crypto history, only XRP and Dogecoin have ever set a new all-time high against Bitcoin after their initial peaks. Yet, both have since fallen far below those highs.

He added that altcoins tend to follow pump-and-dump cycles rather than serve as long-term stores of value.

Notably, XRP is currently trading around $2.87, up 388% since last year, far outpacing Bitcoin’s 78% yearly rise.

XRP/BTC chart

However, Klippsten’s analysis highlights that while XRP’s fiat gains may appear impressive, its performance relative to Bitcoin has historically lagged.

Indeed, this perspective holds when examining the XRP/BTC chart. XRP/BTC’s all-time performance shows a massive loss of 54.38%, according to TradingView data.

The pair currently trades at 0.00002551 BTC, compared to its all-time high of 0.00024607 BTC set back in 2017. 

This massive underperformance is further reflected in the fact that Bitcoin has set several new peak levels since its 2021 high.

XRP failed to set a new all-time high during the 2021 bull run, with many attributing this to the ongoing SEC lawsuit. As a result, the coin still trades below its 2018 all-time high, something that may have significantly impacted the XRP/BTC ratio.

The XRP/BTC chart
The XRPBTC chart

Can XRP/BTC Ever Reclaim Its Historic Peak?

Still, many analysts are projecting that XRP/BTC could revisit its peak during this cycle, as sentiment around XRP has improved.

For instance, widely followed Bitcoin analyst Dr. Cat has projected that XRP could reach $19 to $32 during this bull cycle, assuming Bitcoin surges to $270,000. His forecast is based on the hope that XRP/BTC could rise to 7,000–12,000 satoshis, a range last seen during the 2017–2018 peak.

The current XRP/BTC value is 2,675 satoshis, with the chart approaching key resistance. Dr. Cat suggests a breakout could occur by 2026, aligning with Bitcoin’s potential doubling.

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.

Author

Abdulkarim Abdulwahab
Abdulkarim Abdulwahabhttp://thecryptobasic.com
Abdulkarim Abdulwahab is a seasoned crypto journalist who has established himself as a trusted voice in the world of blockchain and Web3. His extensive knowledge of the crypto space enables him to break down complex concepts into accessible language.

More from Author

Latest Stories

Guides