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Crypto Expert Reveals Why XRP Price Will Rise 1,700% To $10
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Crypto Expert Reveals Why XRP Price Will Rise 1,700% To $10

Scott Matherson
Scott Matherson
1 year ago
3 mins read
XRP Price

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Despite concerns about the XRP price performance in this market cycle, this crypto expert has elaborated on why he believes the crypto token will still record significant gains. He even predicts that XRP could rise to as high as $10. 

Why XRP Price Could Rise To As High As $10

Nick, the founder of Web3Alert, mentioned in an X (formerly Twitter) post that his price range for XRP in this market cycle is between $5 and $10. According to him, this is possible considering that there are predictions that ETH will rise to between $7,500 and $10,000 and Bitcoin will rise to between $100,000 and $150,000. 

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Nick noted that the XRP price rising to between $5 and $10 would put its market cap at $500 billion and 1 trillion, respectively. That puts the crypto token’s market cap in a similar category to that of Bitcoin and Ethereum, which could be valued as high as $2.9 trillion and $1.2 trillion if their price predictions are fully actualized. 

In other words, Nick argues that XRP hitting these prices is not farfetched since there is still much room for growth for the two largest crypto tokens by market cap, Bitcoin and Ethereum. As those two tokens continue to increase in price, he expects XRP to follow suit. Interestingly, he opined that his XRP prediction is “conservative,” suggesting XRP could go way higher. 

Following Nick’s assertion, another X user remarked that comparing XRP to Bitcoin and Ethereum seemed out of place since BTC and ETH’s price prediction is just a 2x, unlike XRP, which will need to see a 10x in its price to hit those targets. Nick responded that this simply shows that XRP is undervalued and presents a great ROI opportunity in this cycle. 

The Belief In XRP’s Potential

Nick joins a list of crypto analysts who have expressed optimism about XRP’s potential in this market cycle despite its underperformance to start this bull run. Crypto expert Zach Rector also recently shared his belief and gave reasons why XRP is still bound to perform well in this bull market. 

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Although he didn’t give any price prediction, he alluded to XRP’s fundamentals as one reason why he holds this belief. Meanwhile, technical analysts like Egrag Crypto have also made bullish price predictions for XRP heading into this market cycle. Egrag has even gone as far as suggesting that the XRP price could rise to as high as $27 at the peak of this bull run. 

At the time of writing, the XRP price is trading at around $0.58, down over 3% in the last 24 hours, according to data from CoinMarketCap. 

XRP price chart from Tradingview.com (Crypto expert)

Token price retests $0.6 | Source: XRPUSDT on Tradingview.com
Featured image from Coingape, 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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