XRP Could Surge 100x, Predicts Crypto Analyst

XRP could skyrocket in the coming years, according to cryptocurrency analyst Chad Steingraber, who suggests the digital asset has the potential to surge by 100 times its current value.

In a recent post on X (formerly Twitter), Steingraber reminded the crypto community how the landscape has evolved since the Securities and Exchange Commission (SEC) filed a lawsuit against Ripple Labs in December 2020. At that time, XRP was trading at about $0.20, its lowest level in recent years amid widespread uncertainty. According to Steingraber, it cost just $1 to buy five XRP tokens then — a far cry from today’s value of roughly $2.35 per token.

This increase reflects a surge of over 1,100% in less than four years, with the same bundle of five XRP now requiring around $12. Steingraber emphasized that as XRP gains traction and popularity, it may soon become out of reach for many investors. Notably, he forecasted a possible 100x jump in XRP’s value, suggesting the token could trade above $235 in the foreseeable future.

Is a $235 XRP Price Realistic?

If XRP were to reach Steingraber’s predicted level, its market capitalization would skyrocket to over $15 trillion — a valuation far exceeding even today’s largest global corporations. While such a market cap might seem improbable, some bullish analysts support the view that XRP’s full potential is yet to be unlocked. One such analyst is Javon Marks, who frequently draws comparisons between current price behaviors and XRP’s performance during its 2017 bull rally. In fact, Marks previously projected an explosive rise to around $200, based on technical chart patterns and historical trends.

That said, the timeline for such a dramatic price leap is a matter of contention. Forecasting platforms differ significantly in their projections. The site Telegaon, known for its long-term outlooks, believes XRP could reach $235 by 2050. Meanwhile, Changelly, a popular crypto exchange and analytics provider, suggests XRP could hit similar heights within the next 15 years.

Criticism From Skeptics

Not everyone shares this bullish sentiment. Some traders and analysts argue that a 100x increase is overly optimistic, especially within a short timeframe. Forex trader Tony SV, for example, openly challenged Steingraber to provide a timeline and even proposed placing a financial bet on the prediction’s outcome. He asserted plainly that XRP “will never” climb to such astronomical valuations in the near future. This skepticism was echoed by other users on X who questioned the practicality of the forecast.

User Satoshi Guacamole responded with a satirical take on the discussion, suggesting that for XRP to reach $235, inflation would have to skyrocket to such levels that a soda might cost $100. He joked that under these circumstances, the purchasing power of XRP would remain effectively the same — a nod to economic principles that highlight the difference between nominal and real value.

Where Does XRP Go From Here?

While a $235 XRP token might seem like a far-fetched dream to skeptics, its growing adoption and historical performance offer believers reasons to stay optimistic. With significant institutional interest, continued legal clarity, and increased use cases for Ripple’s cross-border payment technology, XRP’s future price trajectory will depend heavily on market dynamics and global economic conditions.

Related: Expert Advice: Sell XRP If You’re Confused

The crypto space has often surprised analysts and investors alike. While it’s impossible to predict price movements with absolute certainty, Steingraber’s bold claim serves to re-ignite interest and debate around XRP’s long-term potential. Regardless of whether or not XRP eventually reaches a 100x milestone, it remains a prominent fixture in discussions about the future of digital assets.