- Chase, a prominent Bitcoin maximalist, predicts XRP’s potential price won’t reach $1,000, $589, or even $100.
- Thomas Kralow, a crypto hedge fund manager, envisioned the coin hitting $30 in 2023,.
- Technical analyst Dark Defender set a target of $1.88.
A prominent Bitcoin maximalist, Chase, recently provided a serious yet contrarian prediction for XRP’s potential price. Running The Bitcoin Express YouTube channel, Chase dismissed notions of XRP reaching $1,000, $589, or even $100 in a video presentation.
“Even if XRP had the same market cap as Bitcoin today ($1 trillion), then 1 XRP would be worth about $18,” he asserted boldly.
His outlook contrasts markedly with other optimistic forecasts for the altcoin. Thomas Kralow, a renowned crypto hedge fund manager, had envisioned the coin hitting $30 in 2023. Analyst Drozdz predicted excitement would fade post-lawsuit, negatively impacting prices in the medium-term.
Will XRP surpass $1?
On the flip side, technical analyst Dark Defender recently set a target of $1.88 for XRP. Wells Fargo’s Shannon Throp previously called for an astonishing $500 per coin at one point.
However, none of these lofty predictions have materialized so far, grounded by XRP’s huge circulating supply of over 54 billion tokens. For the coin to reach $1,000, its market cap would need to be $54.5 trillion – dwarfing crypto’s entire current valuation.
Chase introduced a hypothetical scenario where XRP attains the same $1 trillion market cap as Bitcoin, but even that would only push its price to $18. While provocatively toned, it considers what’s realistically achievable.
So while maximalists like Chase remain pessimistic about huge price gains for the coin, more optimistic analysts think triple-digit valuations are possible long-term. However, most concur that current challenging market conditions and lagging inflows have hindered gains for now.
