Chad Steingraber, a prominent figure in the XRP community and lead Game Designer, has made a bold prediction that XRP could reach $250 by 2025. While he did not provide specific reasoning for his forecast, his statement has generated speculation within the community.
Steingraber believes that XRP will initially rise to $20-$25, with many investors likely to sell at that point. Another enthusiast suggested that frustration may lead some to sell at even lower prices. Steingraber agreed, stating that only a few would hold on for significant gains, despite many investors hoping to get rich off XRP.
The discussion around XRP’s future intensified when another community member inquired about the timing of a price surge. They speculated that a market boom could occur in late July or early August, followed by a market crash and a subsequent recovery in late 2024 or early 2025, potentially injecting wealth into the markets. Steingraber responded by emphasizing the importance of stablecoin regulations, which he believes could be the catalyst for XRP’s rise, possibly by the end of this year or early next year.
Steingraber has previously expressed optimism about XRP’s potential, claiming that only 21 million XRP would be available for public trading, with the rest locked in Private Liquidity Pools. However, this statement has faced skepticism, with many questioning the source and timing of this development.
Market analysts, such as Javon Marks, have observed patterns in XRP’s performance that resemble a previous bullish divergence, which led to a significant price increase between 2017 and 2018. Marks suggested that XRP could reach $10-$20 or even higher sooner than anticipated.
Currently, the broader crypto market is facing downward pressure, with increased selling activity causing prices to decline. Bitcoin, for example, has fallen to around $64,000, a level not seen in over a month, impacting various cryptocurrencies.
XRP has also been affected, dropping to $0.47 with a -3.82% decline in the previous week. However, XRP has shown greater resilience compared to other altcoins like Ethereum and Solana, which have experienced more substantial drops.
Amidst this market downturn, there are reports of Ripple’s potential involvement in BRICS Pay, a digital payments platform being developed by Brazil, Russia, India, China, and South Africa, aiming to serve an additional 3 billion users. Despite the current price of $0.4717, the potential for XRP’s role in global digital payments continues to generate interest.
Disclaimer: This article is intended for informational purposes only and should not be considered financial advice. The views expressed in this article are the author’s personal opinions and do not reflect the opinion of The Crypto Basic. Readers are advised to conduct thorough research before making any investment decisions. The Crypto Basic is not responsible for any financial losses incurred.