Analyst BarriC, known for his insights into the cryptocurrency market, has recently presented potential timelines for XRP to reach impressive price targets ranging from $1 to $500. He believes that in the future, investors will look back and consider XRP’s current price to be a bargain.
BarriC is among a growing number of market watchers who see this as a crucial moment to buy XRP. In a recent post, he expressed his view that opportunities to acquire XRP at a low price will become limited as time goes on.
According to BarriC, any investor who buys XRP below $0.80 is getting it at a cheap price. He predicts that XRP will reach between $1 and $3 by the end of the current bull market cycle, which is expected to conclude by 2025. Interestingly, if XRP is considered cheap at around $3, it suggests that the analyst expects it to reach even higher prices at the peak of this market cycle.
Looking ahead, BarriC envisions XRP bouncing back from a low of $3 and surging into the double-digit range before the Bitcoin halving in 2028. He proposes that the next cheap price for XRP will be between $10 and $15, a bargain that can be found between 2028 and 2029.
As of now, XRP is trading at $0.6078, having experienced a 1.27% decline in the past day. If XRP reaches $15 in five years, it would represent a remarkable growth of 2,367% from its current low.
Moving further into the future, BarriC predicts even higher price levels for XRP. He suggests that XRP could still be undervalued even at triple-digit figures, such as $100. He believes that after the next Bitcoin halving in 2032 to 2033, there will be another opportunity to acquire XRP at a favorable price point. During this time, he expects XRP to trade within the range of $100 to $500.
It is worth noting that this speculative scenario could potentially place XRP’s fully diluted market capitalization at around $50 trillion.
BarriC’s main point is that market participants will continue to have access to XRP at relatively low prices. However, he emphasizes that it is up to each individual investor to decide what they are willing to pay.
Disclaimer: This article is for informational purposes only and should not be considered financial advice. The views expressed in this article are solely the opinions of the author and do not reflect the opinion of The Crypto Basic. Readers are advised to conduct their own research before making any investment decisions. The Crypto Basic is not responsible for any financial losses incurred.