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Breaking News: Bitcoin Hits ATH Of $112,000, Expert Predicts Rally Is Just Beginning

Pundit Says XRP’s Rise To $1,000 Will Happen A Lot Sooner Than Anticipated

Scott Matherson
Scott Matherson
8 hours ago
3 mins read
XRP

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XRP might be currently trading around $2, but its path to double and four digits may be faster than imagined. Notably, a bold new forecast has shaken up the XRP community, as crypto analyst BarriC declared that the token could explode from $2 to $1,000 much faster than anyone expects. His comments have caused a bit of optimism among investors, many of whom are already eyeing a new all-time high as momentum builds following the cryptocurrency’s recent quarterly close above $2.25.

XRP’s Rise To $1,000 Based On History

Taking to the social media platform X, prominent analyst BarriC predicted that the XRP price will surge to $1,000 a lot sooner than most people anticipate. Notably, BarriC’s prediction of a surge draws on the cryptocurrency’s historical performance. 

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XRP

Pundit Says XRP’s Rise To $1,000 Will Happen A Lot Sooner Than Anticipated

8 hours ago

Back in 2017, XRP was trading at just $0.006 before launching into a parabolic bull run that took it as high as $3.40 by early 2018. Investors back then underestimated this move, and only a few were able to get in at the earliest. This $3.40 all-time high has been maintained by the altcoin for over seven years, but the situation might change very soon. The altcoin’s current price level, which is just above $2, is a mirror of that early accumulation phase. 

According to BarriC, investors today may similarly be underestimating how quickly XRP can move. “People buying XRP at $0.006 in 2017 weren’t expecting it to skyrocket to $3.80,” he wrote on X and suggested that a similar underestimation is happening today. 

Community Torn Between Hope And Doubt

His claim, “XRP will skyrocket from $2 to $1,000 a lot sooner than people anticipate,” has been met with mixed reactions of both excitement and skepticism on the social media platform. Some community members were quick to support BarriC’s outlook, with one user responding, “XRP $1,400 is very realistic.” The statement was in reference to its 63,000% rise in the 2017-2018 bull run emphasized by BarriC. Another user commented that although XRP will definitely reach that price level, it won’t be very soon, and it will be “maybe sometime in 2030 to 2040.”

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XRP

Pundit Predicts XRP Price Will Surge 35,000% When These Two Things Happen

4 days ago

Others, however, urged caution, pointing out that XRP is no longer an underdog. Unlike in 2017, XRP’s growth is now very much anticipated, which may dampen the element of surprise that helped its rally seven years ago. Another factor is the current state of the altcoin, along with the significant inflows that could lead to a rally of 63,000% from its current price level.

One of the commenters noted that back in 2018, it was possible to invest as little as $6,000 and own as many as 1 million XRP tokens. Another community member noted that although XRP might not reach such an absurd price target, it is going to break out soon to around $10.

At the time of writing, XRP is trading at $2.33, up by 2.6% in the past 24 hours. Reaching the $1,000 price target would translate to a 42,800% return from the current levels.

XRP
XRP trading at $2.35 on the 1D chart | Source: XRPUSDT on Tradingview.com
Featured image from Getty Images, 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

Strict editorial policy that focuses on accuracy, relevance, and impartiality
Created by industry experts and meticulously reviewed
The highest standards in reporting and publishing
How Our News is Made

Strict editorial policy that focuses on accuracy, relevance, and impartiality

Ad discliamer

Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio.

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