The cryptocurrency market continues to discuss the possibility of XRP token reaching $1,000. Expert opinions vary, but some are confident in the token's long-term prospects.
Long-Term Price Prediction for XRP
Expert Armando Pantoja commented that XRP will "definitely" reach $1,000 one day. This view arose amid the token's price dropping from a peak of $3.66 to the current $3.00. Pantoja compared XRP's path to Bitcoin's early struggles, which first hit $1,000 in 2013.
Ripple's Legal Issues and Their Impact on XRP
According to Pantoja, the delay in XRP reaching this significant price mark is linked to Ripple's legal battle with the SEC, which started in December 2020 and negatively affected the token's growth and investor trust. He noted that this created an impression that XRP was starting over.
Realistic Timeline for XRP's Price Growth
Pantoja suggests a much longer horizon, projecting that XRP may only reach $1,000 in 8 to 10 years, potentially between 2033 and 2035. He points out that for this to happen, XRP would need to rise approximately 31,545% from current levels.
XRP's journey towards the $1,000 mark will be a challenging and lengthy process, requiring patience, legal clarity, and market adoption.
