A recent post on social media by Ripple supporter RipplePumpkin has sparked heated discussions among crypto investors, suggesting that XRP could be gold-backed and reach a price of $2,953 by Q3 2025.
Price Predictions for XRP
RipplePumpkin's post also suggests a price range for XRP between $10,000 and $35,000 due to anticipated shifts in the financial system. However, these forecasts have led to disputes and criticism within the crypto community.
Expert Opinions on Gold-Backing
Matt Hamilton, a former developer and executive at Ripple, previously debunked similar claims, stating that gold-backing XRP is impractical due to its finite supply and decentralized structure. Analysts have also emphasized that tokenizing gold on the XRP Ledger is a separate concept not directly linked to XRP's valuation.
Current Market Conditions
The current market dynamics, including the ongoing Ripple-SEC lawsuit, add complexity to this narrative. Currently, XRP is trading significantly below these projections, and its value hinges on adoption, utility, and market sentiment.
The optimistic scenario from XRP supporters remains speculative, and the reality is clear: gold-backing XRP is a distant dream, not a near-term reality.
