Excitement around XRP increased this week when analyst Chad Stiengraber predicted a 100-fold increase in the token's value. His tweet states that five XRP cost one in December 2020. The same market share now costs $12. This rise from $0.20 to $2.35 shows how quickly prices can change.
When the SEC filed a lawsuit against Ripple in December 2020, XRP dropped to $0.20, according to reports. With the price rising to $2.39 today, traders who bought the coins back then have seen an approximate increase of 1,100%. This rise has given early investors substantial gains on small investments. It also showed how quickly sentiment can change regarding opportunities.
Stiengraber expects a 100× increase from $2.35 to around $235 per XRP token. At that point, XRP's market cap would exceed $15 trillion. In comparison, the total value of gold is around $11 trillion. At $15 trillion, XRP would significantly surpass most major banks and payment networks. It requires substantial usage and widespread acceptance.
Not everyone believes in a near-term rise, according to reports. The parabolic rise in 2017 may inspire XRP experts to predict gains in the current cycle. However, conservative platforms like Telegon set the target of $235 around 2050. Other price forecasts place it within a decade or more. The wide gaps indicate how difficult it is to predict the future of cryptocurrencies.
According to CoinCodex, XRP could drop by 22% to $1.85 by June 17, 2025. Technical tools indicate neutral sentiment, but the fear and greed index is 74, suggesting greed. The previous thirty days saw 13 green days and price volatility of approximately 6% for XRP. These overlaps of information indicate an active but cold market.$XRP
