- Analyst insists XRP reaching $1,000 is impossible for investors.
- Market tension grows as XRP battles between support and resistance.
- Divided experts argue over XRP’s future potential and realistic targets.
The XRP community was thrown into a heated debate after crypto pundit XRP Avengers declared that XRP could never hit $1,000. His statement quickly spread across the market, dividing traders and analysts on what lies ahead for the altcoin.
According to XRP Avengers, the mathematics behind such a price target do not add up. He stated that an XRP at the price of $1,000 would imply a market cap of $100 trillion, almost ten times the world GDP.
He further said that a realistic maximum is $10, which would still need huge institutional adoption. He emphasized that this growth would take years and would be largely contingent on global banks making transactions using XRP.
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The analyst also shared his plan, noting that he will sell as soon as XRP is traded at the level of $5-$10. He termed the $1,000 forecast as unattainable and cautioned investors against using the projection.
Market commentator Tony Severino supported this, saying that even by 2030, XRP will not be able to achieve such a milestone. He stated that a rally to $1,000 would cause XRP to be four times as large as gold and fifteen times as large as Apple, which he said was unrealistic.
Disagreement Within the Market
Not everyone agrees with this view, and Vincent Van Code argued that XRP’s price is not restricted by market cap calculations.
He explained that if most tokens were acquired at $1 and only a small fraction traded at $1,000, then technically, the price could exist. His perception was that value is not set in stone but determined by what purchasers are ready to pay.
Crypto analyst BarriC has also insisted on his forecast that XRP may still hit the price of $1,000. His case was that XRP has never participated in a real utility-driven rally and has merely been in altcoin cycles.
To him, widespread bank adoption of XRP could pass trillions of dollars through it. He said such a scenario could open up prices that skeptics rule out as unheard of.
Market Tension Between Key Levels
Beyond long-term predictions, XRP’s short-term path is also under pressure. Market analyst Ali highlighted the $3.30 resistance level as critical to prevent further losses.
He cautioned that failing to reclaim this point may see XRP reverse to $2.60 or even $2.00. Meanwhile, he named $2.81 a significant support level, and 1.70 million tokens were accumulated there.
This buildup has formed a very strong defense wall, and tension is growing between support and resistance. A clear step to either of the levels may determine XRP’s future course in the market.
The clash of opinions reflects the uncertainty around XRP’s future. While some insist $1,000 is impossible, others argue global adoption could challenge those limits, leaving traders closely watching the $2.81 to $3.30 range.
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