#StripeStablecoinAccounts#BTCtrade $XRP $BTC
Date: May 8, 2025
One market analyst suggested that XRP could repeat its historical run in 2017/2018, emphasizing that people always doubt whether something can happen until it does.
The XRP currency has maintained its movements within a limited range over the past three months. Notably, price increases to high levels, such as $3 in March, faced strong resistance, while declines to low levels, such as $1.6, led to recoveries, with XRP largely maintaining its position at its lows of $2.
Despite this overall consolidation, some supporters remain confident that XRP still has the potential to reach ambitious price levels, with the $1000 level often being mentioned in these discussions. For example, Matthew Breenan, COO of CryptoGuard, noted that XRP could reach $100-$1000 in the next ten years.
- Announcement -
The price of XRP rose by 68,990% to reach $3.8 in 2018.
However, critics argued that such price predictions are impractical, citing market cap constraints. At the same time, analysts like Barry C continue to promote it. In his latest comments, he insisted that this sudden rise is possible, given XRP's impressive historical performance.
BarriC's comment on XRP
BarriC's comment on XRP
In a related context, XRP recorded one of the best performances among alternative currencies during the upward wave it experienced in 2017 and 2018. BarriC noted that its price rose from $0.006 to an all-time high of $3.8 during this wave. However, the reality was even more impressive.
It is worth noting that the price of XRP started in March 2017, the month it began its upward trend, at $0.0055. In that month alone, it rose by 284%. This rise continued until it peaked at $0.3988 in May 2017, after which it faced resistance and consolidated for six months until November 2017.
After this long period of consolidation, XRP resumed its upward trend, and this time, it rose to an all-time high of $3.8 in January 2018. Notably, the rise from $0.0055 to $3.8 represents a massive increase of 68,990% in less than nine months.
Could the price of XRP rise by 45,982% to reach $1,000?
At that time, most analysts believed that such an upward trend was impossible for XRP, especially considering it started its upward journey on a downward note, having dropped by 42% from October 2016 to March 2017. Based on this historical precedent, BarriC claims that XRP could repeat this journey, noting that people often insist that something is impossible until it actually happens.
- Announcement -
It is worth noting that the pessimism about the enormous rise of XRP's price to $1000 was severe, which is understandable. To clarify, at a price of $1000, the diluted market cap of XRP would reach $99.98 trillion, which is more than four times the current market cap of gold. This seems extremely unlikely. Financial expert Rajat Soni argued that those looking for XRP to reach $100 are suffering from a 'mental block.'
Nonetheless, BarriC is convinced that reaching $1000 for XRP is feasible, albeit not soon. To clarify, at the current price of $2.17, XRP must rise by a massive 45,982% to reach $1000. Despite the necessary increase to achieve this target price, BarriC believes this 'impossible situation' will happen, just as it did in 2017 and 2018.
