The post XRP Price Prediction: Short-Term Target $1, Long-Term $7; $10+ Possible with XRP ETF appeared first on Coinpedia Fintech News
In a recent discussion on Thinking Crypto podcast, Bitboy Crypto opened up about XRP’s price potential, especially in light of the recent legal victory over the SEC. He started by comparing XRP’s future to Bitcoin’s rise to $150,000, saying that while Bitcoin could see a significant increase, XRP’s growth could be even more interesting.
At the time of his discussion, XRP was trading between $0.56 and $0.60. Bitboy said that his initial price prediction for XRP was between $1.18 and $1.25, with the highest possible price in a perfect scenario being around $1.50. This “perfect scenario” would involve an IPO for Ripple and an XRP ETF, which are both being discussed in the crypto community. However, he explained that for XRP to hit these highs, money would have to flow out of other cryptocurrencies, with ADA (Cardano) likely to be one of those affected.
Long-Term Price Target:
He is confident that XRP can reach a price range of $8 to $10. He described this target as almost a “slam dunk,” suggesting that it’s highly achievable. If XRP doubles its previous all-time high, which was around $3.40, it could reach $6 to $7. He considers $7 to be a solid target, as it would represent a doubling of its last peak.
Beyond $10:
While Bitboy is cautious about setting overly ambitious targets, he did explore scenarios where XRP could soar beyond $10. If Ripple were to launch an IPO and an XRP ETF were to be approved, he believes the price could surge into the $18 to $25 range. In an extreme scenario, where all these factors align perfectly, XRP could even reach the $50 mark. However, Bitboy expressed skepticism about all these events happening before the end of the current bull run.