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Ai16z Crashes 15% After Hackers Accessed Founder’s Account to Promote Scam ELIZA Token

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Hackers compromised the X account of Shaw, the founder of the AI agent token ai16z, and promoted a scam ELIZA token.

Multiple sources reported the Sunday exploit, with Shaw himself confirming it much later. He revealed that bad actors gained access to his X account inexplicably and promoted a Solana-based token with the ticker ELIZA.

According to DexScreener, the token surged considerably following the launch, hitting a high of $0.01162. However, the scam token has capitulated over 13% to its current price of $0.01008.

Token Unrelated to Shaw

The Modern Market Show contributor S4mmy first confirmed the suspicious activity on Shaw’s X account. He advised against interacting with the account or investing in the scam token ELIZA.

Furthermore, ai16z’s official X account attested to the hack, insisting the AI agent project has not launched a new token. The protocol also warned users of falling for the trick, encouraging abstinence from the X account.

A few hours later, Shaw verified that he had recovered his account. He branded the hack a “well-designed and targeted” attack, as he has several levels of protection, including two-factor authentication (2FA), a password manager, and a strong password.

Meanwhile, Shaw apologized to users who had lost their funds to the rug pull.

Notably, Shaw’s account of the hack failed to convince a faction of the crypto community, who suggested he may have a hand in it. Nonetheless, these assertions remain purely speculative and unconfirmed.

The reasons for the bias followed a recent disclosure from popular rapper Kanye West. For context, the artist revealed a company offered him $2 million to fake a hack and scam his community by promoting a fake Solana token.

Ai16z Falls 15% Amid Mixed Reactions

The AI agent token experienced an intense sell-off amid the uncertainties surrounding Shaw’s X hack, retracing over 15% to a low of $0.355. However, it has rebounded slightly to $0.3702 at press time.

Moreover, the token has corrected massively in the past month after a strong market outing late last year. Monday’s consolidation increased its monthly depletion to over 64%, and it is now 85% away from its all-time high of $2.509.

Nonetheless, this is one of the recent X compromises involving notable accounts. The decentralized exchange aggregator Jupiter’s account was recently hacked and used to promote a scam token with the ticker MEOW.

In the past, accounts belonging to footballer Kylian Mbappe, food chain McDonald’s, and EigenLayerX have faced similar plights amid the growing trend of social media hacks to rug pull users.

Analyst Who Identified XRP Roadblock at $3.4 Highlights What to Expect Next

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A well-known market analyst who previously discussed the recent XRP pullback has identified what to expect next for the altcoin.

For context, XRP soared to a seven-year peak of $3.4 in mid-January 2025 before facing a sharp correction. The crypto asset now trades at $2.7 after a broader market pullback that also pushed Bitcoin (BTC) below $100K. 

Notably, before this pullback, Dom, a well-known market analyst, previously highlighted the key resistance level in mid-January, which has now proven to be a significant barrier. 

With the pullback in full effect, Dom has updated his analysis to discuss what might come next. The market commentator identified multiple years-long resistance levels that XRP currently faces across several pairs, including the XRPBTC, XRPXAU and the XRPTSLA pairs, among others. 

XRP/BTC Pair

For the XRPBTC pair, Dom confirmed that XRP’s performance against Bitcoin shows an ongoing battle with a key resistance range between 0.000028 and 0.00003415 BTC. Notably, this level has rejected XRP nine times over the last seven years. Every time XRP successfully broke through, it recorded at least a 150% surge. 

XRPBTC Pair Dom
XRPBTC Pair | Dom

Last month, the pair was rejected at the all-time high VWAP and has since clawed back toward the same resistance zone. A decisive breakout from this level could trigger a major price expansion. At press time, the pair hovers around 0.00002785.

XRP Dominance Still Fighting for a Breakout

The analyst then highlighted the XRP dominance (XRP.D) chart. For context, the dominance of XRP in the overall crypto market has also faced resistance. Dom confirmed that the critical level to overcome is between 5% and 6% of the total market cap. Currently, XRP’s dominance stands at 4.93%. 

XRP Dominance Dom
XRP Dominance | Dom

Last month, it saw a rejection from this exact zone. If XRP can fully surpass this threshold, Dom believes the asset could capture as much as 12% of the entire market cap, translating to a $377 billion market cap. Such a valuation could push XRP price above $6.5, a new all-time high.

XRP Against Gold

Meanwhile, Dom further indicated that when denominated in gold (XAU), XRP faces a major barrier at the 0.001 to 0.00125 range. Three weeks ago, it attempted to break through but faced rejection. 

XRPXAU Pair Dom
XRPXAU Pair Dom

This zone has been a crucial resistance level over the past seven years. The XRPXAU pair currently trades at 0.00092. Dom suggests that watching how this chart develops will provide additional confirmation for XRP’s next move.

XRP’s Struggle Against NASDAQ 100

In addition, XRP’s price action against the NASDAQ 100 shows an ongoing battle with a seven-year resistance zone, according to Dom. The critical range to overcome is between 0.12 and 0.15 (adjusted for NASDAQ 100 * 1000). 

XRP Against NASDAQ 100 Dom
XRP Against NASDAQ 100 | Dom

Last month, the price attempted a breakout but failed. The pair now trades at 0.122. Notably, a successful breakout in this pairing would further confirm bullish momentum.

XRP Holds Strong Against Tesla Stock

Dom further called attention to XRP’s price against the Tesla stock. He noted that the XRPTSLA pair has been one of the strongest-performing pairings. 

XRPTSLA Dom
XRPTSLA | Dom

The resistance range in this case is between 0.0067 and 0.0081, a major level over the last five years. The pair currently trades at 0.00756. Unlike other XRP pairings, this one rebounded swiftly after a liquidation event, showing relative strength in the market.

XRP/USD Faces Its Most Critical Resistance

Meanwhile, the most important resistance level for XRP remains between $3.15 and $3.50. As highlighted in his previous analysis last month, XRP recently retested this area on the back of the run that began last November. However, the resistance was formidable.

XRPUSD Pair Dom
XRPUSD Pair | Dom

Over the last two months, the price has been battling this historical zone. Given that this marks the previous all-time high, a breakout above this level would put XRP into price discovery mode. However, XRP has yet to clear this level convincingly.

What’s Next for XRP?

Dom believes that if XRP can fully break through the $3.15–$3.50 range, it could experience a rapid 100% move, potentially reaching new highs. However, for this scenario to play out, the overall market needs to turn bullish. Bitcoin must reclaim strength and push past its own resistance.

Alternatively, he suggested that XRP could break these levels if it receives a fundamental boost, such as inclusion in a strategic reserve, the approval of XRP ETFs, or a surge in investor enthusiasm if the lawsuit appeal is dismissed.

For now, XRP remains at a pivotal point. A market-wide expansion could be the major factor that determines whether the crypto asset achieves its next major breakout.

XRP Open Interest Rebounds to $4.3B Amid Price Surge to Multi-Week High

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XRP is seeing a major resurgence in the derivatives market, with open interest soaring to $4.3 billion, signaling renewed market momentum.

According to data from Coinglass, XRP’s open interest—representing the total number of outstanding futures contracts—has spiked after a temporary decline. This reflects a growth in trading activity.

XRP Open Interest Spikes After 50% Initial Dip

As of mid-January, XRP’s open interest was around $7.86 billion. However, it plummeted sharply by half to around $3.4 billion in the first week of February. This massive drop followed XRP’s price dip to near $1.70 at the time.

Meanwhile, recent data shows a major rebound, with the figures reaching $4.30 billion as of February 16. At press time, XRP’s open interest is maintaining this level as it hovers around $4 billion.

This renewed trader engagement suggests heightened speculative interest in XRP as its price rebounds. In particular, the weekend uptick in XRP open interest coincided with its price reaching a multi-week high above $2.83.

This development has attracted significant attention from market watchers in the XRP community, who see the rising open interest as further signs of major price action for XRP.

“XRP Open Interest is pumping up again after dropping out… We’re ready to go,” remarked community figure Chad Steingraber.

Optimis around XRP amid open interest rebound
Optimism around XRP amid open interest rebound

Will XRP Price Soar Higher?

Steingraber reminded community members that the last time XRP saw a massive spike in open interest coincided with a historic price run.

Specifically, between January 13 and 17, XRP’s open interest reached all-time high figures near $8 billion. During this time, the price of XRP traded at a seven-year high, re-entering the $3 range for the first time since 2018.

Open interest at all time high
Open interest at an all-time high

The token showed determination to reclaim its all-time high, but the bulls failed to sustain the momentum. Accordingly, XRP’s price retraced, revisiting lows around $1.70. 

However, with XRP now re-approaching the $3 mark, speculative interest in the coin is growing again as traders anticipate further promising price action.

Meanwhile, the XRP long/short ratio over the last 24 hours stands at 0.9109. This means short positions currently outnumber long positions in XRP derivatives trading over the past 24 hours.

In other words, there are approximately 1.1 short positions for every long position. Specifically, this suggests a slightly bearish sentiment in the derivatives market, as more traders expect XRP’s price to correct.

At press time, XRP’s price has dipped by 3.85%, trading at $2.66. This slight dip is also reflected in the open interest, which shows a 6% drop to $4.07 billion from the higher $4.3 billion recorded yesterday. 

Notably, the latest dip comes on the back of a cautious sentiment in the market as Bitcoin exhibited mild bearish volatility over the past day.

Could Bitcoin Be Heading for a Bear Market? A Key Metric Points to Trouble

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The Bitcoin market may be entering a bearish phase as the Inter-Exchange Flow Pulse (IFP) turns negative. 

The IFP, a metric that tracks Bitcoin movements between spot and derivative exchanges, indicates changing market conditions based on the flow of assets. Recent data suggests a decline in risk appetite among investors, potentially marking a slowdown in Bitcoin’s recent momentum.

Weaker Market Confidence in Bitcoin

The IFP metric, derived from CryptoQuant’s Bitcoin exchange flow data, provides insight into how traders position themselves in the market. 

A positive IFP often coincides with bullish momentum as Bitcoin moves into derivative exchanges for leveraged positions. However, the recent shift to a negative reading suggests the opposite trend. 

A decline in IFP implies that traders are closing long positions and shifting Bitcoin into spot exchanges, an action historically linked to bearish sentiment. This shift highlights reduced confidence among market participants, aligning with signs of declining risk exposure from large investors.

Technical Indicators Reinforce Bearish Outlook

Several key technical indicators align with the bearish reading from the IFP. The MACD indicator reveals a bearish crossover. The MACD line is at -150, positioned below the signal line at -816.

Additionally, the MACD histogram displays red bars, emphasizing the negative momentum. With both MACD lines positioned under the zero level, the technical outlook suggests Bitcoin is experiencing downward pressure.

BTC/USDT 1-Day Chart, Source: TradingView
BTC/USDT 1-Day Chart, Source: TradingView

Furthermore, the Relative Strength Index (RSI) further supports this bearish view. Currently, at 44.44, the RSI remains below the neutral 50 mark, indicating weakening buying strength. The RSI has consistently trended below this threshold, reflecting continued dominance from sellers.

Challenges to BTC Growth

Adding to the bearish narrative, Bitcoin has experienced multiple parabolic surges over the years, often followed by sharp corrections. Veteran trader Peter Brandt’s analysis points to historical price behavior within a long-term ascending channel. 

Data from past cycles indicate that Bitcoin tends to retrace when it nears the upper resistance level of this channel. The latest price movements suggest Bitcoin may be approaching this key resistance, raising concerns about potential downturns.

Brandt’s assessment also highlights uncertainties surrounding Bitcoin’s long-term growth. His analysis suggests that Bitcoin might not surpass $200,000 before the decade’s end due to critical technical barriers.

While the asset has shown resilience, sustaining upward momentum remains crucial for any potential breakout. Without this momentum, Bitcoin could struggle to overcome its historical resistance levels.

LIBRA Token Creator Linked to MELANIA Memecoin as Fallout of Disastrous Launch Continues

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Blockchain intelligence platform Bubblemaps and “internet detective” Stephen “Coffeezilla” Findstein have linked LIBRA token and MELANIA to the same team.

In perhaps the culmination of the memecoin craze that has received a new lease of life in recent weeks, over the weekend, Argentina President Javier Milei backed the launch of a so-called LIBRA token geared towards supporting Argentine businesses that quickly left several investors holding the bag.

Amid the fallout of the rather disastrous launch that has brought impeachment calls and a fraud lawsuit to Milei’s doorstep, a new twist has emerged linking the project to the MELANIA memecoin backed by U.S. First Lady Melania Trump 

The Same Team?

Blockchain intelligence platform Bubblemaps and “internet detective” Stephen “Coffeezilla” Findstein have linked LIBRA and MELANIA to the same team.

In a Monday, February 17, thread, Bubblemaps linked a wallet tied to MELANIA’s creator and sniping activity to LIBRA. This wallet funded the address of LIBRA’s creator, which pulled over $87 million in liquidity from the project, the blockchain intelligence platform found. It also sniped the token launch for $6 million.

In the context of memecoin launches, sniping refers to quickly buying a token within moments of its launch. It is often controversial as such purchases typically possible with the help of insider knowledge.

Bubblemaps asserted that the MELANIA and LIBRA-linked entity was also likely behind other pump-and-dumps like TRUST, KACY, VIBES, and HOOD.

These findings have largely been corroborated by Crypto key opinion leader (KOL) Kelsier Ventures’ Hayden Davis, who has publicly admitted to being behind the LIBRA token launch alongside Julian Peh of Kip Protocol, Mauricio Novelli and Manuel Godoy, both from Tech Forum Argentina.

In an interview with Coffeezilla, he disclosed that he was involved in the MELANIA token launch but denied being involved with HOOD.

“I was part of it,” Davis said in response to the question of whether he was involved in the MELANIA launch, adding, “I think the team did want to snipe it because of how big the snipe was on TRUMP.”

TRUMP is the memecoin backed by U.S. President Donald Trump, which was launched days before his inauguration.

In the wake of the recent news, MELANIA is trading at the $1.26 price point at the time of writing, representing a 5% decline on the day, but this is more likely part of a broad market correction.

All for the Project?

During the Coffeezilla interview, Kelsier Ventures’ Davis argued that the insider trading activity and even the pulling of liquidity from LIBRA were not for profit but part of a complex strategy to ensure that the token was not immediately crashed by external sniper activity and whales.

In simple terms, he claimed that the team reduced liquidity to prevent whales from being able to unload their clips at once, with plans to eventually reinject the liquidity into the token as marketing efforts took shape. Similarly, he asserted that sniping proceeds also served as an additional treasury to support the project.

Unsurprisingly, most crypto community members are not buying the story, which on its own raises concerns about transparency and market manipulation.

Still, Davis has committed to putting the estimated $100 million taken from LIBRA in his custody back into the project in the next 48 hours.

Milei in Hot Water?

The latest revelation in the LIBRA saga comes as Argentina’s President Milei faces impeachment calls from the opposition in Argentina, who have called his involvement with the project an international embarrassment. At the same time, he also faces a fraud lawsuit over the project.

Milei, on his part, has claimed that he did not have the details of the project and was not involved in the development. 

At its peak, LIBRA had a market cap of over $4 billion. However, this metric sits just below $380 million at the time of writing, representing an over 90% decline.

The token crashed in hours as reports of foul play emerged, and Milei pulled his support.

Bitwise CEO Shares Bullish Outlook for Bitcoin, Expects 2025 to be a ‘Watershed Year’ for BTC 

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Bitwise CEO Hunter Horsley expresses optimism about Bitcoin mainstream adoption this year, highlighting some events BTC might experience in 2025. 

The Bitwise CEO took to X to share his 2025 expectations for Bitcoin. According to Horsley, many underestimate the massive leaps the premier cryptocurrency will take into the mainstream this year. 

This indicates that Horsley expects Bitcoin to experience significant developments that could make 2025 a pivotal year for the asset.

In a follow-up tweet, Horsley emphasized that 2025 will be a watershed year for Bitcoin. Accordingly, he outlined eight key events that Bitcoin might experience this year.

Horsley 2025 Outlook for Bitcoin 

First, Horsley speculated that Bitcoin ETFs could attract significant inflows in 2025. It’s widely known that investors have already pumped substantial capital into various Bitcoin ETFs since their launch last year.

Data from Farside indicate that these products have attracted inflows totaling $40.12 billion. 

Despite this outstanding feat, Horsley expects more capital to flow into Bitcoin ETFs. Earlier this month, Bitwise CIO Matt Hougan projected that this year’s Bitcoin ETF inflows could spike above $50 billion, surpassing its 2024 record of $35.2 billion.

Corporate Bitcoin Acquisition   

In addition, Horsley forecasted that more companies will buy Bitcoin, potentially adding the asset to their balance sheets this year. This move could see more firms follow in the footsteps of MicroStrategy, which has purchased over 471,100 BTC since August 2020.  

National Adoption 

Also, the Bitwise CEO expects more countries to purchase Bitcoin this year, possibly as a strategic reserve asset. This effort is similar to how El Salvador acquired Bitcoin in 2021, growing its holdings to 6,011 BTC as of today. 

Meanwhile, other countries, including the United States, are considering adopting Bitcoin as a hedge against economic uncertainties. 

Increased Participation Among Financial Institutions 

Fourth, Horsley speculated that wealth management companies in the United States could invest in Bitcoin on behalf of their clients this year. 

For his fifth expectation, the Bitwise CEO forecasted that more banks and financial institutions could launch different services to help clients gain access to Bitcoin. This move will potentially bridge the gap between traditional finance and crypto. 

Regulatory Clarity 

Sixth, Horsley predicted regulators could establish regulatory clarity for Bitcoin in 2025. Several countries are already making efforts to provide the much-needed clarity for the crypto industry. 

For instance, President Donald Trump created a working group in the United States to establish a federal regulatory framework for the digital asset market. 

Positive Macroeconomic Factors and High-Profile Bitcoin Endorsements 

Seventh, the Bitwise CEO predicted that several macroeconomic factors, such as monetary policy and geopolitics, could potentially drive Bitcoin’s demand. 

Lastly, according to Horsley, Bitcoin could gain more high-profile endorsements in 2025. This could come from prominent business leaders and policymakers. 

Argentina President Javier Milei Could Face Impeachment After LIBRA Token Fallout

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Argentina’s President Javier Milei could face impeachment following his involvement in the LIBRA token rug pull on Saturday.

Opposition lawmakers have taken Milei’s Saturday involvement in the LIBRA token fallout as a national issue. According to a Reuters’ report, they have filed for a possible impeachment of the pro-crypto president with Argentina’s Congress.

Leandro Santoro, a member of the opposition coalition at the forefront of the impeachment process, argues that the parliament should bring the president to book for his actions.

“This scandal, which embarrassed us on an international scale, requires us to launch an impeachment request against the president,” Santoro stated.

What Really Happened?

On Saturday, President Milei touted a project to his over 3.83 million followers on X. The meme coin with ticker LIBRA instantly gained traction with his now-deleted tweet, hitting a peak market cap and price of $4.5 billion and $4.56, respectively.

Meanwhile, on-chain analysis revealed chains of fraudulent activities following the token’s pump, including liquidity pool (LP) sales and insider wallet cashouts. As uncertainties hovered around the LIBRA token, the president deleted his tweet promoting the token.

This last straw broke the camel’s back, with LIBRA capsizing minutes later. The Solana-launched project capitulated almost 100% to $0.18, inflicting maximum loss on market participants.

President Involves Anti-Corruption Office

Nonetheless, Milei has reported the token’s fallout to Argentina’s anti-corruption office (OA) for an extensive investigation. The president’s office confirmed the development in a Sunday tweet.

The corruption agency will investigate the KIP Protocol project and the national government, including Milei, for misdeeds. Furthermore, the president has formed an Investigation Task Unit (UTI) to comprehensively investigate the activities surrounding the LIBRA token launch.

Meanwhile, the office of the president further elaborated on the relationship between the KIP Protocol—the project behind the LIBRA token—and Milei. The tweet revealed a series of meetings between the president and the team, including meetings with the project representatives on October 19, 2024, and January 30.

The LIBRA token is one of the high-caliber assets launched with the endorsement of national presidents. However, unlike what was seen with Donald Trump and Faustin-Archange Touadera’s TRUMP and CAR token launches, President Milei publicly denied involvement with the token.

Trump Wife’s MELANIA Meme Coin Unlock Set to Begin, 30M Tokens Worth $39 Million at Stake

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The MELANIA meme token is set for a significant unlock, with the release of coins valued at $39 million.

The MELANIA token, associated with First Lady Melania Trump, has recently drawn attention in the market. While the team behind the project insists it is not politically motivated, the upcoming token unlock has still captured the focus of market observers.

Melania Token Unlock Schedule

According to blockchain analysis firm EmberCN, MELANIA’s team tokens will begin unlocking between February 19 and 20. The first release consists of 3% of the total supply, equating to 30 million tokens valued at $39 million. The unlock schedule indicates a 30-day initial lock-up and gradual release.

After the first release, the project will unlock 2.25% of the total supply monthly over the next 12 months. This structure means that 30% of the total tokens will be unlocked within a 13-month period.

Market participants are closely monitoring how these scheduled unlocks might impact liquidity and trading activity.

Per EmberCN, the unlock date is February 19 when measured in 30-day intervals, but it falls on February 20 if considered a full month.

Libra’s Connection to MELANIA 

Meanwhile, blockchain analysts have revealed connections between the controversial Libra token and several cryptocurrency projects, including MELANIA. These findings have prompted further scrutiny into the relationships between various entities involved in the ecosystem.

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Source: https://x.com/shoucccc/status/1891010845452239114/photo/1

Julian Peh, CEO of Libra-linked KIP, addressed these concerns by clarifying that KIP did not play a deep role in the token’s launch. However, he acknowledged that Kelsier, identified as the market maker for MELANIA, was responsible for the project.

Notably, this scrutiny comes amid the LIBRA token’s pump-and-dump price action over the weekend following Argentina’s president’s initial endorsement, which he has backtracked.

As scrutiny intensified, KIP addressed the growing uncertainty surrounding the project. The company acknowledged the surge in fear, uncertainty, and doubt (FUD), including direct threats toward its staff. However, KIP reiterated that its involvement in LIBRA was limited to listing the token on its website and expressing confidence in the project’s potential.

Speculation That SEC Now Recognizes XRP as a Commodity: Here’s What Experts Say

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FOX Business Journalist has provided clarity on recent speculations that the U.S. SEC now considers XRP a commodity due to its acknowledgment of multiple XRP ETF filings. 

Over the weekend, excitement swept the XRP community after the SEC recognized another XRP ETF filing.

Specifically, the securities regulator recognized Cboe BZX Exchange’s application to list and trade shares of 21Shares XRP ETF. This recognition comes a day after the regulator acknowledged Grayscale’s XRP ETF application. 

Notably, the SEC cited comments from 21Shares, which referenced legal precedent from the SEC v. Ripple lawsuit to indicate that XRP is not a security under federal securities law. 21Shares contended that XRP be viewed as a commodity under the Commodity Exchange Act (CEA). 

This development, especially the recognition of multiple ETF filings, sparked speculation that the SEC now considers XRP a commodity. 

FOX Business Journalist Reacts 

Amid this speculation, FOX Business Journalist Eleanor Terrett shared a dissenting view. According to her, the acknowledgment does not necessarily imply that the commission now considers XRP a commodity. 

She emphasized that the commission only acknowledges that prospective issuers are seeking to offer a product that classifies XRP as a commodity under a securities wrapper, which is the ETF itself. 

The pro-crypto journalist pointed out that the recognition follows a broader trend that has seen the SEC acknowledge ETF filings for other cryptocurrencies, like Solana (SOL), which the previous leadership classified as a security in different enforcement actions. 

Additionally, Terrett mentioned that the SEC paused the Binance lawsuit about whether certain crypto assets constitute securities. At the same time, its Crypto Task Force works to provide regulatory clarity for the industry. 

Therefore, she suggested that the SEC may be acknowledging all crypto ETF filings to avoid being seen as picking winners and losers. Despite commending the recognition of the ETF filings, she emphasized that it is challenging to ascertain the commission’s views on XRP regulatory status until it starts engaging with the applications more seriously. 

XRP Still in Regulatory Dilemma  

In the meantime, XRP’s regulatory classification remains uncertain due to the ongoing SEC v. Ripple lawsuit. Recall that XRP received legal clarity earlier in the lawsuit when a federal judge asserted that it is not security. However, the SEC did not challenge Judge Analisa Torres’ classification of XRP in its appeal. 

Despite this, some experts still think the lawsuit could hinder the approval of XRP ETF unless a resolution is reached. The SEC leadership is currently trying to end the securities classification dilemma via the Crypto task force. 

It recently provided insights into its priorities that could bring much-needed clarity to the industry. This effort is expected to end the regulatory uncertainty in the crypto space, potentially resolving all non-fraud litigation against crypto businesses like Ripple. 

Here’s Why XRP Hitting $100 in 2025 Is Not Realistic

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A notable XRP community figure has admitted he is eager to see XRP claim a three-digit figure, but believes the target is not feasible in 2025.

Market pundit “The XRP Guy” said this amid a recent proliferation of the XRP to $100 chants on the back of XRP’s impressive performance over the past three months. For context, XRP soared from $0.5028 on Nov. 4, 2024, to a seven-year peak of $3.4 on Jan. 16, 2025.

This marked a massive 574% increase within three months. Despite XRP recently relinquishing the $3 psychological level, bullish sentiments have dominated the scene, as investors believe the previous run demonstrates its potential. As a result, ambitious predictions like the $100 price target have sprung up.

XRP to $100 Not Possible This Cycle

Even before the latest XRP upsurge, market commentator Levi Rietveld revealed last September that he is 100% sure XRP can reach $100. Now, while The XRP Guy is eager to see this price target materialize, he has presented a counter argument to some commentaries around it.

According to him, XRP could never reach $100 in 2025. For context, XRP would require a 4,246% increase from its current price to claim the $100 mark, and this would push its market cap to trillions of dollars. The XRP Guy believes this is not a feat that the altcoin is capable of attaining within one year.

The XRP Guy on X
The XRP Guy on X

“Get realistic. Wake up,” he commented, expressing certainty in his disclosure. However, it is important to note that the market pundit did not specifically dismiss the $100 target. However, he does not expect the asset to reach the target this year. Interestingly, wealth mentor Linda P. Jones holds the same sentiment. 

Further, critics like Bitcoin maxi Rajat Soni have persistently voiced similar sentiments, with Soni recently arguing that those who believe this is possible in the current cycle have “undiagnosed mental disability.”

Proponents Cite Utility as Possible Catalyst

Despite this, the XRP to $100 projections persist. Amid these predictions, Tristan Tate, a media personality and brother of Andrew Tate, recently launched a query to understand the hype around XRP and how it could rally to the $100 level. 

In response, some commenters pointed to its utility in cross-border payments and the attractive features of the XRPL as factors that could trigger this price target. 

However, for XRP to reach $100, its fully diluted valuation would need to soar to $10 trillion, over three times the current market cap of the entire crypto market, making this goal highly improbable. Nonetheless, Last November, market analyst Armando Pantoja dismissed these market cap concerns, suggesting that the $100 is possible.