Ralston Maximus, an experienced trader with decades of market experience, holds the belief that some of the ambitious price targets for XRP are achievable in the current bull market. He shared this bold perspective in a post on X, in response to a critic who questioned his bullish targets for XRP. Maximus initially ignited the conversation by stating that XRP influencers have had a detrimental impact on people’s lives by promoting excessively optimistic price targets.
The critic, @Phoddler, pointed out that Maximus himself is guilty of the same behavior, highlighting his previous forecast of $35 for XRP. However, Maximus defended his position by explaining that he is a trader who has a long-term investment in XRP and holds an extremely bullish view on the asset. He clarified that his optimistic targets are dependent on XRP surpassing its long-standing resistance levels.
Despite Maximus’ explanation, Phoddler remained unconvinced, deeming a target of $30 to $35, or even $7, as “ridiculous” and unattainable for XRP. Phoddler argued that XRP is more likely to drop to $0.30 than to rise to $7.
In response, Maximus elaborated on his price targets, explaining that the $35 target represents the “larger measured move” for XRP, indicating his most optimistic level. On the other hand, $7 is a more conservative outlook. He emphasized that these price projections are not absurd, but rather they will remain mere illusions until XRP breaks out of its prolonged downtrend.
To put these price points into perspective, XRP is currently valued at $0.5303. Achieving $7 would require a growth of 1,220%, while reaching the higher target of $35 would necessitate a much more substantial increase of 6,500%. Importantly, if XRP were to reach $7, its market cap would rise to approximately $400 billion, and at $35, it would reach around $2 trillion. Notably, these market caps would surpass Ethereum’s current market cap of approximately $307 billion. Furthermore, the higher target would even exceed Bitcoin’s market cap of about $1.3 trillion.
While Maximus argues that such remarkable market caps are within reach for XRP, other analysts consider these targets unrealistic. They use these implications to label such price points as unattainable.
Interestingly, there are other analysts who believe that XRP could reach a price above $10 and draw inspiration from Ethereum. For example, analysts Credible and Nick, the founder of Web3Alert, have highlighted that skeptics of XRP’s potential often predict Ethereum could rise to $7,500 to $10,000, resulting in a market cap of around $1.2 trillion. They argue that if a $1.2 trillion market cap is achievable for Ethereum, it is reasonable to assume that XRP could also achieve a trillion-dollar market cap, especially considering that XRP has previously rivaled Ethereum in market cap.
It is important to note that this content is for informational purposes only and should not be considered as financial advice. The views expressed in this article may include the author’s personal opinions and do not reflect the opinion of The Crypto Basic. Readers are encouraged to conduct thorough research before making any investment decisions, and The Crypto Basic is not responsible for any financial losses incurred.