The $589 XRP Dream: Believers Aren’t ‘Delusional’ Enough, Expert Says

Christian Encila

5 months ago

3 mins read

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A known market analyst sees the $6 per coin prediction for XRP crypto being claimed by some experts as too conservative.

Crypto Bitlord suggested that the real target for XRP is $589 per coin, adding that those skeptical about this target are “not delusional enough.”

Three-Figure XRP Price

Data showed that XRP is the top-performing crypto in the Trump-driven digital asset bull run. Hence, once again, a market expert is floating the idea of $589 per coin.

Crypto Bitlord claimed that the real price target for XRP is not $6 as some commentators said but $589, adding that those who dismissed this three-figure target are not ambitious enough.

You’re not delusional enough with your price targets $XRP $589

— Crypto Bitlord (@crypto_bitlord7) December 16, 2024

The crypto analyst argued that the prices being forecast by several market observers are conservative estimates, believing that $589 per unit is very feasible.

Previously, Crypto Bitlord had already stated that XRP would reach the three-figure price. However, he received derogatory remarks from investors for what they claimed as an ambitious dream.

Now, with the crypto asset performing very well in the bull market, Crypto Bitlord was able to fire back at them, calling them not “delusional” enough.

XRP market cap currently at $136 billion. Chart: TradingView.com

Smoking Crack?

Several traders in the XRP community do not share the same vision as Crypto Bitlord, seeing the target of $589 as not feasible.

Earlier this month, another crypto analyst, Tony Edwards, downplayed the $589 target, saying that the target is a “fantasy.”

Edward argued that astronomical price predictions for the coin are delusional, saying, “People calling for $589, $1,000, or $10,000 are “smoking crack.”

My $XRP price target for this cycle $5-$8. It could go a bit higher but I’m gonna play it safe and be conservative. People who are calling for $589, $1,000, and $10K are smoking crack. pic.twitter.com/joXwhGcxMq

— Tony Edward (Thinking Crypto Podcast) (@ThinkingCrypto1) December 2, 2024

Other analysts said that a three-figure price would only happen if the crypto’s market capitalization hit $33 trillion, an amount that would be greater than the consolidated market cap of the top 20 American companies.

Edward estimated the price rally would put XRP between $5 and $8.

XRPUSD price climbs 121% in the last month. Source: Coingecko

Altcoin Performing Well

Data revealed that XRP benefits greatly from the ongoing crypto bull market driven by Donald Trump reclaiming the White House.

Last month, the crypto’s price surged by 283% while halfway through December, it has already soared by 23%, nearly reaching $3.

A CNBC report dubbed XRP as the “biggest winner” in the Trump-driven cryptocurrency rally. According to CNBC, since Trump won the US election, XRP price has skyrocketed by 370%, outperforming the broader digital asset market.

In comparison, Bitcoin has only increased by 45% in the same period, while the entire cryptocurrency market went up by 91%.

As of press time, XRP is traded at $2.36 with a total market capitalization of $136 billion.

Featured image from, chart from TradingView

Christian Encila

They say journalists never truly clock out. But for Christian, that's not just a metaphor, it's a lifestyle. By day, he navigates the ever-shifting tides of the cryptocurrency market, wielding words like a seasoned editor and crafting articles that decipher the jargon for the masses. When the PC goes on hibernate mode, however, his pursuits take a more mechanical (and sometimes philosophical) turn.

Christian's journey with the written word began long before the age of Bitcoin. In the hallowed halls of academia, he honed his craft as a feature writer for his college paper. This early love for storytelling paved the way for a successful stint as an editor at a data engineering firm, where his first-month essay win funded a months-long supply of doggie and kitty treats – a testament to his dedication to his furry companions (more on that later).

Christian then roamed the world of journalism, working at newspapers in Canada and even South Korea. He finally settled down at a local news giant in his hometown in the Philippines for a decade, becoming a total news junkie. But then, something new caught his eye: cryptocurrency. It was like a treasure hunt mixed with storytelling - right up his alley!

So, he landed a killer gig at NewsBTC, where he's one of the go-to guys for all things crypto. He breaks down this confusing stuff into bite-sized pieces, making it easy for anyone to understand (he salutes his management team for teaching him this skill).

Think Christian's all work and no play? Not a chance! When he's not at his computer, you'll find him indulging his passion for motorbikes. A true gearhead, Christian loves tinkering with his bike and savoring the joy of the open road on his 320-cc Yamaha R3. Once a speed demon who hit 120mph (a feat he vowed never to repeat), he now prefers leisurely rides along the coast, enjoying the wind in his thinning hair.

Speaking of chill, Christian's got a crew of furry friends waiting for him at home. Two cats and a dog. He swears cats are way smarter than dogs (sorry, Grizzly), but he adores them all anyway. Apparently, watching his pets just chillin’ helps him analyze and write meticulously formatted articles even better.

Here's the thing about this guy: He works a lot, but he keeps himself fueled by enough coffee to make it through the day - and some seriously delicious (Filipino) food. He says a delectable meal is the secret ingredient to a killer article. And after a long day of crypto crusading, he unwinds with some rum (mixed with milk) while watching slapstick movies.

Looking ahead, Christian sees a bright future with NewsBTC. He says he sees himself privileged to be part of an awesome organization, sharing his expertise and passion with a community he values, and fellow editors - and bosses - he deeply respects.

So, the next time you tread into the world of cryptocurrency, remember the man behind the words – the crypto crusader, the grease monkey, and the feline philosopher, all rolled into one.

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