Expert Maps Out Timeline For The XRP Price To Cross $1,000
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Crypto Expert BarriC has raised eyebrows with his recent analysis of the XRP price, in which he stated that the crypto token could rise to $1,000. As part of his analysis, he also elaborated on why this price level is attainable and not an âarbitrary numberâ he has pulled out for fun.
When Will The XRP Price Rise To $1,000?
BarriC suggested in an X (formerly Twitter) post that the XRP price will rise to $1,000 in the next five to ten years. He explained that this would happen due to the new money flowing into the crypto space during that period. Specifically, he alluded to the â400 trillion dollars of personal wealthâ and also institutional money yet to come into crypto, which could help drive up XRPâs price.Â
To drive home his point, he drew his followersâ attention to the Spot Bitcoin ETFs and how they have so far contributed to Bitcoinâs bullish momentum and price surge. As such, he believes that XRP could also benefit from such institutional demand once institutions begin to show interest in other crypto ETFs like a potential XRP Spot ETF.
BarriC boldly claimed that to say that XRP will not hit $1,000 âis to say that the entire crypto market as a whole will never grow or evolve or that new money will not come in.â He also suggested that the only way the XRP price wouldnât hit $1,000 was if Ripple somehow failed in everything they had set out to do.
However, he believes all that is unlikely and that the crypto space and Ripple will continue to grow the same way they have since 2016, even though he admitted that people âarenât ready to fathom price action like a $1,000 $XRP.â He added that this is the same way no one in 2016 could have fathomed Bitcoin at $74,000, but it eventually happened.Â
XRP To $2,500 Is Also A Possibility
Crypto analyst Egrag Crypto once raised the possibility of the XRP price hitting $2,500 by 2029 while sharing his encounter with a top banker. Egrag mentioned that the banker told him XRP would hit this price level, and he agreed.