Cryptocurrency Expert Predicts 250 Peak for XRP Sets Cycle Top Targets for BTC and ETH

Renowned industry expert Chad Steingraber has made bold predictions for the peak prices of Bitcoin (BTC), Ethereum (ETH), and XRP, forecasting XRP to reach a high of $250.
Despite XRP’s lagging performance compared to the rest of the cryptocurrency market, industry experts remain optimistic about its long-term potential. Bitcoin has seen a 64% increase in value this year, while Ethereum has gained 61%. Additionally, Solana (SOL) has surged by 59.8%, and Binance Coin (BNB) has seen an impressive 119% growth since January.
XRP has underperformed during the same period, experiencing an 18% decline, unlike other mainstream assets. However, experts like Chad Steingraber, an independent game developer, believe that XRP will catch up with the market as the bull run progresses.
One of the reasons for this optimism is XRP’s impressive performance in 2017. Despite lackluster movements from 2016 to 2017, XRP outperformed the market during that cycle’s bull run, soaring by 48,823%.
Steingraber’s recent projections indicate a possibility of history repeating itself. He has predicted peak prices for Bitcoin, Ethereum, and XRP during the current market cycle. According to him, Bitcoin could reach a peak of $250,000.
Several analysts and industry leaders have also made similar predictions for Bitcoin. Billionaire Tim Draper expressed confidence in Bitcoin hitting $250,000 a couple of years ago, albeit with a different timeline. Market analyst Raoul Pal has also recently forecasted a $250,000 price for Bitcoin.
In addition to Bitcoin, Steingraber has projected Ethereum to reach a peak of $25,000 in this cycle. This projection is slightly higher than the $22,000 prediction made by asset manager VanEck. However, Standard Chartered’s Geoffrey Kendrick has set less ambitious targets of $8,000 and $14,000 for Ethereum.
Furthermore, Steingraber has predicted XRP to reach a peak price of $250 in the same cycle, aligning with Bitcoin’s $250,000 and Ethereum’s $25,000 targets. Responding to this prediction, Rob Cunningham, host of the KUWL show, highlighted the significant percentage increases required for these projections to materialize.
Given XRP’s current value around $0.50, Cunningham pointed out that the altcoin would need to rally by a substantial 500x or 50,000% to reach the $250 mark. This suggests that XRP faces a greater challenge compared to Bitcoin and Ethereum in achieving its target price, although market dynamics can be unpredictable.
Disclaimer: This article serves as informational content and should not be construed as financial advice. The opinions expressed are solely those of the author and do not necessarily reflect The Crypto Basic’s stance. Readers are advised to conduct thorough research before making investment decisions, as The Crypto Basic does not take responsibility for any financial losses.