{"id":36827,"date":"2025-01-17T19:19:03","date_gmt":"2025-01-17T19:19:03","guid":{"rendered":"https:\/\/mycryptomania.com\/?p=36827"},"modified":"2025-01-17T19:19:03","modified_gmt":"2025-01-17T19:19:03","slug":"can-ripple-xrp-reach-100-this-cycle-btc-proponent-calls-it-impossible","status":"publish","type":"post","link":"https:\/\/mycryptomania.com\/?p=36827","title":{"rendered":"Can Ripple (XRP) Reach $100 This Cycle? BTC Proponent Calls It Impossible"},"content":{"rendered":"

TL;DR<\/strong><\/p>\n

XRP jumped 43% in a week, nearing its all-time high, with analysts eyeing $4\u2013$8 targets amid rising adoption and US political shifts.
\nOne skeptic dismissed $100+ predictions as unrealistic due to market cap limits, calling XRP a \u201cdistraction\u201d compared to Bitcoin (BTC).<\/p>\n

<\/a><\/p>\n

\u2018XRP is a Distraction\u2019<\/span><\/h2>\n

Ripple\u2019s XRP has been flying high in the past week. Its price jumped from $2.30 (on January 10) to almost $3.40 on January 16. Thus, the asset <\/span>stood<\/span><\/a> just 1% away from its all-time high registered at the start of 2018. Currently, XRP is worth approximately $3.31 (per CoinGecko\u2019s data), representing a staggering 43% increase on a seven-day scale.<\/span><\/p>\n

<\/a>XRP Price, Source: CoinGecko<\/p>\n

Key drivers behind the significant rally include increased whale activity, excitement over political shifts in the USA, rising network adoption, and others. For more insights, further details are available <\/span>here<\/span><\/a>.<\/span><\/p>\n

The massive resurgence has <\/span>given analysts the opportunity<\/span> to speculate that the coin\u2019s price may pump to unseen and even ridiculous levels. <\/span>The popular X user EDO FARINA<\/span>, for instance,<\/span> said<\/span><\/a> he would not sell his XRP holdings before the valuation reaches $100.<\/span><\/p>\n

On the other hand, the Bitcoin proponent Rajat Soni <\/span>claimed<\/span><\/a> that such optimistic predictions come only from people with \u201cundiagnosed mental disability.\u201d The finance expert explained that XRP\u2019s potential price explosion to $100 would require its market capitalization to skyrocket to $10 trillion.<\/span><\/p>\n

Soni\u2019s calculations <\/span>are based<\/span> on the total supply of XRP, which is almost 100 billion tokens. Multiplying the $100 price to the circulating supply of 57.5 billion coins will mean that the asset\u2019s capitalization needs to soar above $5.5 trillion, which is still quite unrealistic (to say the least). <\/span><\/p>\n

To put things into perspective, the entire market cap of the crypto industry is less than $4 trillion (as <\/span>of press time<\/span>).<\/span>\u00a0<\/span><\/p>\n

In addition, Soni said even bigger optimists suggest that XRP\u2019s valuation could reach the astonishing $1,000 per coin.\u00a0<\/span><\/p>\n

\u201cXRP is a distraction. Stick to Bitcoin,\u201d he concluded.<\/span><\/p>\n

Some Realistic Forecasts<\/span><\/h2>\n

While $100 per coin might indeed seem like an outrageous target, many analysts have recently set somewhat optimal predictions (considering XRP\u2019s bull run).\u00a0<\/span><\/p>\n

One example is the X user CRYPTOWZRD, who <\/span>believes<\/span><\/a> the asset could <\/span>be poised<\/span> for a short-term rise to a new all-time high of $4 and then an increase to $8.\u00a0<\/span><\/p>\n

Dark Defender also <\/span>weighed in<\/span>, <\/span>envisioning<\/span><\/a> a rally toward $3.6239 and $4.5503. \u201cXRP has some work to do, but we will get there soon<\/span>,\u201d the analyst added.<\/span><\/p>\n

The post Can Ripple (XRP) Reach $100 This Cycle? BTC Proponent Calls It Impossible<\/a> appeared first on CryptoPotato<\/a>.<\/p>","protected":false},"excerpt":{"rendered":"

TL;DR XRP jumped 43% in a week, nearing its all-time high, with analysts eyeing $4\u2013$8 targets amid rising adoption and US political shifts. One skeptic dismissed $100+ predictions as unrealistic due to market cap limits, calling XRP a \u201cdistraction\u201d compared to Bitcoin (BTC). \u2018XRP is a Distraction\u2019 Ripple\u2019s XRP has been flying high in the […]<\/p>\n","protected":false},"author":0,"featured_media":36828,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-36827","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-discovery"],"_links":{"self":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/36827"}],"collection":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=36827"}],"version-history":[{"count":0,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/36827\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/media\/36828"}],"wp:attachment":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=36827"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=36827"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=36827"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}