Can the XRP price realistically jump to $ 1,000 as critics expect?

The famous Crypto Crypto company participated in a road map that determines how XRP can rise from $ 2.15 to $ 1,000.

In the X Publishing, Barric, which has accumulated more than 13,000 followers, was one of the most optimistic Rippe (XrpPredictions.

He suggested that XRP first climb to $ 3, followed by the operation of the bull that pushes it to $ 5. From there, it is expected to raise between $ 10 and 20 dollars, after which the currency may enter the bear market.

Its basic case sees that XRP reaches $ 100 by December, driven by increasing the adoption of Ripple technology by banks. Ripple Labs claims its own payment technology Outstanding on SwiftProvide faster and more cost -effective solutions. For example, RipPlenet transactions settled in less than two minutes, while rapid transportation can take more than an hour.

The final catalyst, according to Barraick, will be collective adoption by banks and financial institutions. This use will witness widely that the trillion dollars flow through the Professor XRP book network, which may push the distinctive symbol to $ 1,000.

Can the XRP price jump to $ 1,000?

The encryption industry has proven that anything is possible. Bitcoin (BTCHe jumped from less than one dollar in 2009 to 109,300 dollars earlier this year. Memecoins, which has no fundamental value, to her Accumulated The maximum market is more than $ 53 billion.

However, although the long -term expectations of XRP are ascending, the target price of $ 1,000 appears to be incapable.

With a distinct distribution of 58.4 billion icons, the price of $ 1,000 will put the market value of XRP at 58.4 trillion dollars. The maximum offered 100 billion would put its fully reduced evaluation at $ 100 trillion.

To put this in its correct perspective, the gross domestic product is about $ 115 trillion, and the common market value of all companies traded for the public is about $ 125 trillion. Therefore, the arrival of XRP, which reaches $ 1,000, is simply not a realistic result.

Technical analysis of the ripple price

The daily chart indicates that XRP may move higher than the moving average for 25 days. It also formed a falling sorry pattern, and includes two scattered trend lines and rapprochement.

The price was broken over the upper boundaries of the sorry and successfully extracted it. In addition, the reverse pattern of the head and shoulder, another export index. Based on these techniques, XRP looks prepared for a potential outbreak of its highest level from year to year at $ 3.40, which is more than 57 % over the current level.