Numerous entities, such as crypto exchange Changelly and Telegaon, have put forth timelines for XRP to achieve a price range of $100 to $300.
XRP continues to be negatively influenced by market bears, experiencing a 14% decline this year while other assets have seen significant growth. This underperformance has been attributed to Ripple’s sales and the ongoing SEC lawsuit, although these claims remain speculative.
Ripple CTO David Schwartz has consistently refuted the notion that this suppression stems from Ripple’s periodic sales of XRP. Despite the ongoing debate, several analysts anticipate that XRP will replicate its 2017 price surge, during which it skyrocketed by 48,823% after initially lagging behind.
Market observers have established various targets for XRP to reach during a similar upward trend. Crypto analyst EGRAG believes that XRP could reach $27 when it experiences its meteoric surge, while another analyst, CryptoBull, envisions prices reaching as high as $154.
As these projections emerge, some commentators dismiss them, while others continue to anticipate an eventual uptrend that may only partially meet these targets. Amidst these mixed sentiments, several entities have projected timelines for XRP to potentially reach the $100 to $300 price range.
For example, analysts at Changelly predict that XRP will reach $100 in April 2040, with an average price of $104.62. They believe that XRP’s price will continue to surge after surpassing the $100 mark, predicting it will eventually break $200 in August 2040 and then reach $300 in December of the same year.
On the other hand, researchers at crypto prediction resource Telegaon are less optimistic about XRP compared to Changelly analysts. In a recent analysis, the Telegaon team only sees XRP reaching $100 in 2050, 26 years from now. They do not provide a projected timeline for XRP to reach $200 or $300.
Despite the less optimistic outlook, Telegaon remains more bullish on XRP than CoinCodex, a market analysis platform. CoinCodex expects XRP to continue underperforming in this cycle and subsequent cycles. They predict that XRP will only reach a peak price of $2.45 in 2029 and $1.7 in 2030, suggesting that it will not surpass its all-time high of $3.84 in the next 16 years.
The Crypto Basic has also highlighted multiple past predictions suggesting that XRP could reach prices between $100 and $300. Analyst Javon Marks projected that XRP has the potential to reach $200 based on a significant coil pattern. Additionally, market analyst Block Bull recently asserted that XRP could reach $250 in this market cycle, specifically in 2025. EGRAG also suggested earlier this year that XRP has the potential to reach $220. It is worth noting that XRP currently trades at $0.5296, experiencing a 2% decline in the last 24 hours.
Disclaimer: This article is for informational purposes only and should not be considered 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 advised to conduct thorough research before making any investment decisions. The Crypto Basic is not responsible for any financial losses.
