A popular anonymous crypto pundit has shared a roadmap outlining how XRP could surge from $2.15 to $1,000.
In an X post, BarriC, who has accumulated over 13,000 followers, provided one of the most optimistic Rippe (XRP) predictions.
He suggested that XRP will first climb to $3, followed by a bull run that pushes it to $5. From there, he expects a rally to between $10 and $20, after which the coin may enter a bear market correction.
His base case sees XRP reaching $100 by December, driven by increasing adoption of Ripple’s technology by banks. Ripple Labs claims its payment technology is superior to SWIFT, offering faster and more cost-effective solutions. For instance, RippleNet transactions settle in under two minutes, while SWIFT transfers can take over an hour.
The final catalyst, according to BarriC, would be mass adoption by banks and financial institutions. Such widespread use would see trillions of dollars flowing through the XRP Ledger network, potentially pushing the token to $1,000.
Can XRP price jump to $1,000?
The crypto industry has demonstrated that anything is possible. Bitcoin (BTC) has jumped from less than $1 in 2009 to $109,300 earlier this year. Memecoins, which have no intrinsic value, have accumulated a market cap of over $53 billion.
However, while the longer-term outlook for XRP is bullish, a target price of $1,000 seems unachievable.
With a circulating supply of 58.4 billion tokens, a $1,000 price would place XRP’s market capitalization at $58.4 trillion. Its max supply of 100 billion would put its fully diluted valuation at $100 trillion.
To put that in perspective, the total global GDP is around $115 trillion, and the combined market capitalization of all publicly traded companies is around $125 trillion. Therefore, XRP reaching $1,000 is simply not a realistic outcome.
Ripple price technical analysis
The daily chart indicates that XRP has moved above its 25-day moving average. It has also formed a falling wedge pattern, comprising of two descending and converging trendlines.
The price has broken above the wedge’s upper boundary and successfully retested it. Additionally, an inverse head-and-shoulders pattern has formed, another bullish indicator. Based on these technicals, XRP appears poised for a potential breakout toward its year-to-date high of $3.40, which is about 57% above the current level.
