XRP Price Target of $30 – $35 Isn’t Far-Fetched In a Bull Market, Experienced Trader Claims
In a recent post on X, Maximus articulated his assertive stance on XRP in response to a critic challenging his bullish price targets. He provocatively claimed that XRP influencers have “ruined” lives by advocating for excessively optimistic forecasts.
Traders Stance On XRP Price
The critic, known as Phoddler, highlighted hypocrisy in Maximus’s claims by referencing his previous target of $35 for XRP. In retaliation, Maximus defended his position, stating that he is a trader with substantial long-term exposure to XRP and maintains a highly bullish outlook, contingent on XRP breaking through its historical resistance levels.
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Conversely, Phoddler labeled the $30 to $35 targets—or even $7—as “ridiculous” and unrealistic, predicting that XRP is more likely to decline to $0.30 than ascend to $7.
Maximus clarified that the $35 target reflects “the larger measured move” for XRP, representing his most optimistic scenario, while $7 serves as a more conservative estimate. He contended that these price projections are not far-fetched, although they hinge on XRP escaping its longstanding downtrend.
XRP to $35 Not Far-Fetched
Analyzing the price targets, XRP currently sits at $0.5303. Achieving a price of $7 would require a staggering 1,220% increase, while a target of $35 would demand an even more extraordinary 6,500% rise. At these levels, XRP’s market capitalization would escalate to approximately $400 billion at $7 and around $2 trillion at $35.
Market Trends and Performance
These prospective market caps would surpass Ethereum’s current valuation of about $307 billion and exceed Bitcoin’s market cap of roughly $1.3 trillion. While Maximus argues that such lofty market caps are within XRP’s reach, other analysts suggest that these forecasts are overly ambitious.
Interestingly, some analysts arguing for XRP’s potential to exceed $10 reference Ethereum’s performance as a benchmark. Analysts like Credible and Nick from Web3Alert have noted that skeptics often predict Ethereum could soar to between $7,500 and $10,000, equating to a market cap of around $1.2 trillion. They argue that if a $1.2 trillion market cap is feasible for Ethereum, it is reasonable to assume that XRP could also attain a similar valuation, especially given that XRP has historically competed with Ethereum for market cap dominance.
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Dr. Olajide Samuel juggles the demands of medical studies with a passion for cryptocurrency. A seasoned blogger, Olajide shares his vast global knowledge of the crypto space, offering insights to enthusiasts. Despite his busy schedule, his commitment to crypto remains strong, and he actively seeks ways to contribute to its future.
