Discussion about XRP needing to trade at a much higher price than its current level continues to circulate.
Among the most controversial projections is the $10,000 price target. While many have dismissed this forecast as delusional, others who say they believe in XRP’s full potential have fiercely defended it.
Consider XRP Today Like Early Bitcoin
One vocal proponent of this bold price target is Xena, a well-known commentator in the XRP ecosystem. In a recent post on X, she drew comparisons between today’s skepticism toward XRP and the early days of Bitcoin. Notably, during these early days, BTC traded under $1,000.
She noted that the crypto community no longer doubts the possibility of Bitcoin reaching $1 million per coin. This comes as the asset has demonstrated incredible strength by rising from $0.05 to over $100,000.
Meanwhile, years ago, when Bitcoin was still under $1,000, many considered forecasts of loftier targets out of touch with reality.
Xena sees a similar scenario unfolding with XRP. Though the coin remains around $2 and skepticism about a $10,000 valuation is high, she believes the future will prove its potential.
She emphasized the importance of patience and trust, citing past instances where early investment in emerging technologies paid off. In her view, dismissing XRP’s potential today echoes the same narrow thinking that caused many to miss out on Bitcoin’s rise.
“Ripple Co-Founder Says XRP to $10,000”
Furthermore, Xena references Arthur Britto, a Ripple co-founder who allegedly suggested that XRP was designed to reach prices as high as $10,000. According to her, this is enough reason for investors to pay attention. For Xena, even if that price target is off by thousands, it still leaves significant room for XRP to grow.
Another Factor Supporting a High Price, According to Ripple CTO
Supporting Xena’s perspective, X user “Chesty Puller’s Ghost” remarked that multiple factors justify expectations for a much higher XRP price. He bolstered his argument by referencing a well-known 2017 illustration from Ripple CTO David Schwartz.
Schwartz argued that a low XRP price, such as $1, would be difficult for efficient cross-border payments. For example, a $1 million transaction would require 1 million XRP. Similarly, moving $50 billion would require 50 billion XRP if the price remains at $1, which creates inefficiencies.
However, if XRP were at $10,000 per coin, only 100 XRP would be sufficient to move $1 million. In parallel, Schwartz stressed that XRP’s price cannot remain “dirt cheap” if it’ is to handle large-scale transfers effectively.
Building on Schwartz’s point, Jake Claver, Managing Director of Digital Ascension Group, has attached a bold 24-month timeline for XRP to reach $10,000. He claimed that this price would unlock the network’s full potential, positioning XRP for major institutional use by 2027.
What If XRP Does Hit $10,000?
While this aggressive outlook and timeline have drawn criticism, proponents like Xena argue that the real question isn’t whether XRP can reach $10,000, but whether investors are willing to be early enough to benefit if it does.
She is less focused on convincing skeptics and more interested in encouraging those who already see the potential to stay confident. For her, conviction, bolstered by Bitcoin’s trajectory, is enough.
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.
