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Market Expert Says XRP Price Reaching $1,000 Is Inevitable, Here’s Why
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Market Expert Says XRP Price Reaching $1,000 Is Inevitable, Here’s Why

Scott Matherson
Scott Matherson
1 year ago
4 mins read
XRP price

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Despite its unimpressive price action, crypto analysts have maintained faith in the XRP price, offering bullish price predictions for the crypto token. This time, crypto analyst BarriC has predicted that XRP’s price reaching four figures will undoubtedly happen. 

XRP Price Will Reach $1,000 At Some Point

BarriC explained in an X (formerly Twitter) post why he believes XRP will eventually reach $1,000. He mentioned that no one could have envisaged that Bitcoin would hit $73,000 when it was still trading at $330 in 2016. He also made reference to other crypto tokens like Ethereum, Litecoin, Solana, and Dogecoin, which were trading really low at some point and went on to make significant price gains. 

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Therefore, he believes a similar pattern could play out with XRP. He noted that XRP was trading way lower than its current price level at some point when it was $0.006 in 2017, and no one imagined it would climb to an all-time high of $3.80. BarriC went on to claim that those saying XRP will never move in price “clearly don’t understand how crypto works.”

The crypto analyst added that the “explosive price action” for XRP will definitely come at some point, and what is important is to have the “fortitude” to hold until that time comes. He also suggested that there was no better time than now to accumulate XRP, stating there is a benefit in accumulating when people either don’t know enough about the crypto or outright hate it. 

This isn’t the first time that the crypto analyst has predicted that XRP will hit $1,000 at some point. Before now, he mentioned that XRP would hit this price level in the next five to ten years. He explained that this exponential price surge will happen thanks to the amount of money expected to flow into the crypto space. 

He also alluded to the Spot Bitcoin ETFs and how they helped drive up Bitcoin’s price. He believes something similar can happen for XRP when institutional demand comes for the crypto token through an XRP ETF. 

XRP Can Only Hit Three Figures At Most

XRP YouTuber Moon Lambo has previously suggested that XRP’s price cannot go above three figures. He noted that there isn’t enough liquidity in the world to drive XRP’s price to such heights. He believes that mainstream adoption of XRP and liquidity flow will only cause XRP to rise to three digits, and it will still take “many market cycles” for XRP to even climb to such a price level.

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XRP possibly hitting three digits brings crypto analyst CryptoBull’s prediction into focus. The analyst recently predicted that XRP can climb to $154, although he didn’t state exactly when this will happen. Meanwhile, crypto analyst JackTheRippler predicted that XRP would rise to $100 when the legal battle between the Securities and Exchange Commission (SEC) and Ripple ended. 

XRP price chart from Tradingview.com
Token price struggling above $0.5 | Source: XRPUSDT on Tradingview.com
Featured image from Coinpedia chart from Tradingview.com
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Scott Matherson
Scott Matherson

Scott Matherson

Scott Matherson is a prominent crypto writer at NewsBTC with a knack for capturing the pulse of the market, covering pivotal shifts, technological advancements, and regulatory changes with precision. Having witnessed the evolving landscape of the crypto world firsthand, Scott is able to dissect complex crypto topics and present them in an accessible and engaging manner. Scott's dedication to clarity and accuracy has made him an indispensable asset, helping to demystify the complex world of cryptocurrency for countless readers.

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Scott’s experience spans a number of industries outside of crypto including banking and investment. He has brought his vast experience from these industries into crypto, which allows him to understand even the most complex topics and break them down in a way that is easy for readers from all works of life to understand. Scott’s pieces have helped to break down cryptocurrency processes and how they work, as well as the underlying groundbreaking technology that makes them so important to everyday life.

With years of experience in the crypto market, Scott began to focus on his true passion: writing. During this time, Scott has been able to author countless influential pieces that have drawn in millions of readers and have shaped public opinion across various important topics. His repertoire spans hundreds of articles on various sectors in the crypto industry, including decentralized finance (DeFi), decentralized exchanges (DEXes), Staking, Liquid Staking, emerging technologies, and non-fungible tokens (NFTs), among others.

Scott’s influence is not just limited to the countless discussions that his publications have sparked but also as a consultant for major projects in the space. He has consulted on issues ranging from crypto regulations to new technology deployment. Scott’s expertise also spans community building and contributes to a number of causes to further the development of the crypto industry.

Scott is an advocate for sustainable practices within the crypto industry and has championed discussions around green blockchain solutions. His ability to keep in line with market trends has made his work a favorite among crypto investors.
In his personal life, Scott is an avid traveler and his exposure to the world and various way of life has helped him to understand how important technologies like the blockchain and cryptocurrencies are. This has been key in his understanding of its global impact, as well as his ability to connect socio-economic developments to technological trends around the globe like no one else.

Scott is known for his work in community education to help people understand crypto technology and how its existence impacts their lives. He is a well-respected figure in his community, known for his work in helping to enlighten and inspire the next generation as they channel their energies into pressing issues. His work is a testament to his dedication and commitment to education and innovation, as well as the promotion of ethical practices in the rapidly developing world of cryptocurrencies.

Scott stands steady in the frontlines of the crypto revolution and is committed to helping to shape a future that promotes the development of technology in an ethical manner that translates to the benefit of all in the society.

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Reason to trust

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