As a seasoned researcher with over two decades of experience in the dynamic world of finance and technology, I find myself constantly intrigued by the passionate debates surrounding cryptocurrencies like XRP. The latest buzz on Bitrue, a popular exchange among XRP enthusiasts, offers an interesting perspective on price targets for this digital asset.
On the centralized exchange Bitrue, which is supportive of XRP, members voiced their perspectives regarding potential price targets for XRP cryptocurrency. Many optimistic commentators presented extremely high price forecasts, but skeptical voices, or ‘bears’, were also present in the conversation.
XRP price goals by community: “Fun starts at $100”
Among various predictions, $100 seems to be the preferred price point for XRP, the seventh-largest cryptocurrency, as indicated by a recent poll conducted on Bitrue, a prominent crypto exchange platform.
On September 30, 2024, a well-known cryptocurrency exchange, favored by XRP enthusiasts, posed questions to X number of its followers regarding possible targets for the future value of XRP.
Among supporters of XRP, a common expectation is that its value could reach either one hundred dollars ($100) or a thousand dollars ($1,000). In fact, some enthusiasts envision the cryptocurrency soaring even higher, potentially reaching price levels with five digits.
The fun starts at $100 but $1000 feels about right to me.
Additionally, numerous commentators anticipate that XRP may climb into the $10-$30 range. On the other hand, more conservative analysts predict that XRP might only reach $1-$3 during the upcoming bull market.
Generally speaking, such predictions about XRP reaching $100 should be viewed with caution. If that were to happen, its supply would amount to approximately $5.7 trillion. This is currently 143% greater than the entire crypto market’s value and over 4.5 times larger than Bitcoin‘s (BTC) current market cap.
XRP erases all weekend gains, loses 4% in one hour
Concurrently, some backers continue to express skepticism regarding the future potential of the asset. They argue that despite its current pricing, XRP appears overvalued, and a downturn may still be on the horizon.
Over the past few hours, XRP has given up all the growth it had seen during the weekend. Within just an hour, its value plummeted from approximately $0.66 to $0.627 on significant trading platforms.
As covered by U.Today previously, XRP logged its highest weekly high in months.
Initially, it temporarily surpassed USDC stablecoin in rank, becoming the sixth largest cryptocurrency by market capitalization. Currently, its total supply is estimated to be worth approximately $35,66 billion.
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2024-09-30 15:46