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XRP

Pundit Reveals What Will Happen When XRP Price Hits $100 And $1,000

Scott Matherson
by Scott Matherson
1 month ago
·
Posted in XRP
Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure

The long-term prospects of the XRP price continue to spark debate among analysts, with bold predictions envisioning the cryptocurrency soaring to $100 or even $1,000. A recent analysis explores how market psychology could shift as XRP climbs through key price levels. 

Market Psychology Shifts At Key XRP Price Targets 

Crypto pundit BarryC has outlined a psychological roadmap for what could happen in the broader market if XRP were to climb to significant price milestones such as $100 and $1,000. His perspective is not centered on technicals or market cap constraints but rather on how retail and institutional sentiment might evolve as the asset scales through different stages of valuation.

Related Reading: Analyst Says XRP Price Could Explode 44,000% To Cross $1,000

According to BarryC’s report shared on X social media, early price moves such as $4 would likely be dismissed by many observers as insignificant. However, once XRP reaches the $10 to $15 range, a shift in sentiment begins. The analyst notes that as the token advances, some traders may feel uneasy, coping with the rally by convincing themselves that a crash is imminent and they can re-enter at lower prices. 

He further suggested that the turning point would come when XRP hits $100. At this projected stage, panic could set in as disbelief grows that XRP, once thought of as a low-priced asset, could climb so high. The analyst stated that the narrative would shift from skepticism to urgency, with new buyers considering entering at levels they previously dismissed. 

BarryC highlighted that the climax of this psychological cycle would likely be at a $1,000 price level. Here, the analyst envisions massive FOMO dominating the market. He reveals that disbelief would give way to desperation as people scramble to buy even a fraction of what they would perceive as the only cryptocurrency being broadly utilized by banks and financial institutions worldwide. 

Expert Pushes Back With Market Cap Facts

In contrast to BarryC’s psychological analysis, market experts like Crypto Town Podcast argue that such ambitious predictions are mathematically and economically unrealistic. The analyst’s response on X points out that if XRP were to ever hit $100, its market capitalization would surge from $185.08 billion to approximately $6 trillion. For comparison, Bitcoin, the largest cryptocurrency by value, currently holds a market cap of $2.3 trillion. 

Related Reading: XRP ABC Wave Shows How High The Price Will Go If This Structure Holds

At $1,000 per XRP, the projection becomes even more challenging to justify, as it would imply a whopping $60 trillion market cap. Crypto Town Podcast compares this extraordinary growth to that of gold, highlighting that the entire gold market capitalization sits roughly at $22.3 trillion. The analyst argues that it is highly improbable, if not impossible, for XRP to ever exceed gold’s market cap by threefold. 

The expert tempers expectations by suggesting that a more plausible long-term scenario would be XRP potentially reaching $30, which would place its valuation near $2 trillion. Still, this outcome is seen as a distant prospect, requiring exceptional market adoption and favorable conditions.

XRP
XRP trading at $3.13 on the 1D chart | Source: XRPUSDT on Tradingview.com
Featured image from Getty Images, chart from Tradingview.com
Editorial Process for bitcoinist is centered on delivering thoroughly researched, accurate, and unbiased content. We uphold strict sourcing standards, and each page undergoes diligent review by our team of top technology experts and seasoned editors. This process ensures the integrity, relevance, and value of our content for our readers.
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Scott Matherson

Scott Matherson

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Scott Matherson is a leading crypto writer at Bitcoinist, who possesses a sharp analytical mind and a deep understanding of the digital currency landscape. Scott has earned a reputation for delivering thought-provoking and well-researched articles that resonate with both newcomers and seasoned crypto enthusiasts. Outside of his writing, Scott is passionate about promoting crypto literacy and often works to educate the public on the potential of blockchain.

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