Ralston Maximus, a trader with decades of market experience, believes some of the most ambitious XRP price targets are not unreasonable in this bull market.

He expressed this bold perspective in a post on X, responding to a critic who questioned his bullish targets for XRP. Maximus initially sparked the conversation by stating that XRP influencers have “ruined” lives by promoting overly optimistic price targets.

The critic, @Phoddler, pointed out that Maximus himself is guilty of the same, highlighting his previous forecast of $35 for XRP.

However, Maximus countered that he is a trader with a long-term investment in XRP and is extremely bullish on the asset. He noted that his optimistic targets are contingent on XRP overcoming its long-standing resistance levels.

Still, Phoddler insisted that a target of $30 to $35—or even $7—is “ridiculous” and unattainable for XRP. According to him, XRP is more likely to tank to $0.30 than rise to $7.

In response, Maximus explained that the $35 target represents “the larger measured move” for XRP, indicating his most optimistic level, while $7 is a more conservative outlook. He insisted that these price projections are not ridiculous, emphasizing that they will remain a mirage until XRP breaks out of its prolonged downtrend.

How the fuck is $30-35 a ridiculous target? It’s the larger measured move $30-35. $7 is the smaller measured move. I’m a trader with my one long term bag $xrp. We got bent up until breakout. The difference is I’m honest about it. Missed opportunity is missed opportunity. U Fk. https://t.co/SGXARjCNmt

— Maximus Prime (@RalstonMax) October 22, 2024

What $7 and $35 Price Points Mean for XRP

Currently, XRP is valued at $0.5303. Reaching $7 would require a growth of 1,220%, while the higher target of $35 would necessitate an even more substantial increase of 6,500%. Notably, XRP’s market cap would rise to approximately $400 billion at the $7 price, and $2 trillion at $35.

Notably, these market caps would exceed Ethereum’s current market cap, which is approximately $307 billion. Similarly, the higher target would surpass Bitcoin’s market cap of about $1.3 trillion.

While Maximus argued that such extraordinary market caps are attainable for XRP, other analysts have used these implications to label such targets unrealistic.

Why $35 is “Not Ridiculous” for XRP, According to Experts

Interestingly, other analysts who argue that a price above $10 is attainable for XRP often draw inspiration from Ethereum.

For instance, analysts Credible and Nick, founder of Web3Alert, have pointed out that skeptics of XRP’s potential often predict Ethereum could rise to $7,500–$10,000, resulting in a market cap of around $1.2 trillion.

They argue that if a $1.2 trillion market cap is attainable for Ethereum, it is rational to assume XRP could achieve a similar trillion-dollar market cap, especially since XRP has rivaled Ethereum in market cap in the past.

Analyst Egrag predicts XRP could soar over 5,153% if Bitcoin reclaims key price levels and reaches the $160K threshold.

Today, XRP encountered a significant setback, with its price breaching below the $0.5 level for the first time in two months. On Friday, XRP plummeted to $0.4936, marking a 7.18% loss from its earlier price of $0.5318.

This decline in XRP’s price mirrored Bitcoin’s performance, as the leading cryptocurrency fell to $65,521 from nearly $69K on Friday. However, a recovery is already underway in the crypto market. XRP is now trading at $0.5140 as Bitcoin surged back to around the $67K level.

Notably, the price movements of both assets underscore how Bitcoin can influence XRP’s price action. Analyst Egrag, a prominent figure in the XRP community, recently suggested potential price targets for XRP based on Bitcoin’s bullish trajectory.

XRP to Soar 2,200% if Bitcoin Reclaims $70K

In an analysis shared on X, Egrag outlined ambitious targets for Bitcoin this season and the corresponding XRP values. Some of his projections suggest even more significant price levels for XRP than for Bitcoin.

At the top of his list is the expectation for Bitcoin to reclaim the $70K level. Bitcoin has been unable to reach this level since May. Meanwhile, Egrag, like many market observers, believes Bitcoin could ultimately hit this mark before the end of the year. In this scenario, he projects XRP could trade as high as $12.

With XRP currently around $0.514, reaching $12 alongside Bitcoin reclaiming $70K would represent an astonishing 2,234% increase for XRP, compared to just a 5% increase for Bitcoin from its current level.

Egrag’s ambitious XRP target is significantly influenced by the potential breakout above the 0.000010 level in the XRP/BTC pair. Historically, breaking this level has triggered strong upward movements, and he anticipates a similar breakout in this cycle. Currently, XRP/BTC is at 0.00000767 BTC, up by 1.86%, with XRP having the upper hand.

XRP Price Projections if Bitcoin Hits $100K, $160K, and $200K

Egrag also predicts even higher levels for XRP if Bitcoin reaches the coveted $100K price point, suggesting that XRP could trade as high as $17. Should Bitcoin advance further to $130K, he believes XRP’s price would rise to $22.

If Bitcoin soars by 140% from its current level to $160K, Egrag projects that XRP would achieve an astonishing 5,153% growth, reaching $27. The highest target mentioned in his latest analysis is $200K for Bitcoin.

If this level is attained, representing a 200% increase from its current level, Egrag expects XRP to trade at $34. This would mark an astonishing 6,515% increase from its current price.

A comparison of XRP price trajectory to Netflix stock suggests XRP still has some rally in it, with its exponential growth potentially pushing prices to $95.

XRP’s price has struggled over the past few years due to what many consider a price suppression scheme. Following its impressive 60,000% run to $3.31 in early 2018, XRP has failed to recover from the retracement that followed this price uptick.

XRP’s Underperformance 

For context, XRP faced a major correction from the $3.31 peak in January 2018. By March 2020, the altcoin had dropped by more than 96% to a floor price of $0.11. 

Despite recovering, XRP has failed to reclaim the $1 price mark since dropping below it in December 2021, nearly three years ago. Amid the underperformance, investors have lamented XRP’s price movements. However, market watchers like EGRAG believe patience is important.

In his latest analysis, EGRAG compared XRP’s price trajectory with the stock of the streaming giant Netflix (NFLX). Interestingly, a visual representation of the monthly charts of both assets shows that XRP has been trading in a similar trajectory to Netflix.

Netflix Price Performance Since 2002

Notably, from October 2002, NFLX recorded a series of impressive and disappointing price movements. Particularly, NFLX spiked from a low of $0.3464 in October 2002 to a peak of $5.64 in February 2004. This marked a massive 1,528% rally in less than two years.

After the $5.64 top, Netflix witnessed a major correction, dropping to a low of $1.32 before eventually recovering. Despite the recovery, the stock failed to reclaim its previous high for half a decade. During this period, NFLX faced a consolidation, which possibly triggered concerns among investors.

However, when NFLX eventually broke out in December 2008, the resulting price surge led to a massive rally to $43 by July 2011. Amid a series of upswings and declines, Netflix has surged by 18,563% since February 2008, as it now trades for $754.68.

XRP Trailing NFLX Trajectory 

EGRAG’s chart suggests that XRP is currently moving in a similar path to NFLX. Notably, data from the comparison indicates that XRP’s current price position mirrors Netflix’s price level in February 2008, when doubts emerged during an extensive consolidation phase.

For context, XRP witnessed Netflix’s October 2002 to February 2004 spike when it rallied from January 2017 to January 2018. XRP also faced a similar correction to what Netflix witnessed afterward. Now, XRP is facing the same consolidation trend.

If XRP continues to track Netflix’s trajectory, its price could witness a rally in the coming months. To put things into perspective, XRP, which currently trades for $0.5131, would hit $95.7 if it recorded the same 18,563% rally Netflix has observed since February 2008. However, this might take years to materialize.