Market Expert Says XRP Price Will Reach $1,000

Despite its lacklustre price performance, crypto analysts remain confident in XRP and offer bullish predictions for the token. Crypto analyst BarriC has now confidently predicted that XRP will inevitably reach a four-figure price.

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BariiC Analysis

In a recent X (formerly Twitter) post, crypto analyst BarriC outlined why he believes XRP will eventually reach $1,000. He highlighted how unexpected Bitcoin's rise to $73,000 was when trading at just $330 in 2016. BarriC also referenced other cryptocurrencies like Ethereum, Litecoin, Solana, and Dogecoin, which were once priced very low but achieved significant gains over time.

He believes a similar trajectory is possible for XRP. He noted that XRP was trading at a mere $0.006 in 2017, and few anticipated it would soar to its all-time high of $3.80. BarriC argues that those doubting XRP's potential growth "clearly don’t understand how crypto works."

The analyst emphasized that XRP will experience "explosive price action" eventually, and the key is to have the "fortitude" to hold until that moment arrives. He suggested that now is an opportune time to accumulate XRP, taking advantage of the current lack of widespread knowledge or enthusiasm for the token.

This isn’t the first time BarriC has predicted that XRP will reach $1,000. He previously forecasted that XRP could hit this milestone within the next five to ten years, driven by the influx of capital into the crypto space. He also mentioned the impact of Spot Bitcoin ETFs on Bitcoin’s price, suggesting that a similar boost could occur for XRP with the introduction of an XRP ETF and increased institutional demand.

Skeptics

XRP YouTuber Moon Lambo has argued that XRP's price cannot exceed three figures, citing insufficient global liquidity to drive the price that high. He believes that even with mainstream adoption and increased liquidity, XRP will only reach three digits after "many market cycles."

This perspective contrasts with crypto analyst CryptoBull's recent prediction that XRP could reach $154, though he did not specify a timeline. Similarly, analyst JackTheRippler forecasted that XRP would hit $100 once the legal battle between the Securities and Exchange Commission (SEC) and Ripple is resolved.