Pundit Says XRP Won’t Reach $10,000 The Way You Think, Here’s How It Will Happen
Over the years, there have been talks of the XRP price eventually reaching the 5-figure mark, putting it above $10,000. These predictions come due to the cryptocurrency’s offering and usage in both the payments sector an...
Archive context
Older archive item. Useful for background and entity history, but not a fresh market-moving signal.
Over the years, there have been talks of the XRP price eventually reaching the 5-figure mark, putting it above $10,000. These predictions come due to the cryptocurrency’s offering and usage in both the payments sector and the fast-growing real-world assets market. However, this dream still seems far away, given that XRP has yet to hit $5, and even Ethereum has not touched the $10,000 mark. One analyst in particular has come forward to explain that the move to $10,000 will not even follow the trajectory people are expecting.
XRP Price Will Move When No One Expects It ToIn an X post, XRP community member Crypto Aikido explained that the way people are expecting the XRP price to move to new highs is actually not correct. Mostly, it seems that investors are expecting that there will come a time when everything seems to fall into place, and then the price will move up.
However, Crypto Aikido says this will not happen, and instead, it will begin when no one expects it to. The first part of the move is actually that the XRP price will continue to trend low for a while. In fact, the crypto analyst expects the XRP price to keep trending low for way longer than people imagine it would.
The whole point of this is that such a muted performance for an extended period would make people lose hope that the coin will ever move higher. As a result, Crypto Aikido believes that most people will be shaken out as the price stays cheap for far too long, and holding XRP would feel pointless.
Once this is done, though, is when the crypto analyst believes that the XRP price will actually begin to move. This is because, as they explain, the move is not going to reward agreement. But rather, it will work in a way that punishes those who hesitate and lose hope in the cryptocurrency.
As Crypto Aikido explains, eventually, the XRP price, which is being laughed at at $1.50, will be called cheap at $20. Such will be the trajectory that the digital asset will follow in its move toward eventually reaching above the $10,000 mark.
Aside from Crypto Aikido, other community members have also predicted that the XRP price will reach $10,000. According to a NewsBTC report, crypto analyst Remi also believes that XRP will reach $10,000 when assets such as Bitcoin and Gold are being tokenized on its blockchain, as well as other precious minerals. Given all of this, the crypto analyst believes $10,000 will be a base price for XRP.
Why this matters
XRP is a tracked market entity in the DigitalMoneyBox archive, making this useful context for readers monitoring repeated mentions and follow-up coverage.
Original source
Read on NewsBTCRelated market context
EDX Markets Signs Apex Fintech Deal to Broaden Crypto Trading Access
TL;DR: EDX Markets and Apex Fintech Solutions announced a strategic relationship on October 26 to connect institutional digital-as...
Bitmine Says ETH Treasury Exceeds Six Million Coins
TL;DR: Bitmine Immersion Technologies filed an October 26 update with the SEC and said its Ethereum holdings had reached approxima...
Polymarket Faces Renewed CFTC Probe Over Whether It Broke 2022 Settlement: Report
Polymarket is under CFTC investigation over whether it lived up to a 2022 settlement under which it agreed to keep US users off it...
Coinbase and Thunes Tie Stablecoins to Local Bank and Wallet Payouts
TL;DR: Coinbase announced a collaboration with global payment network Thunes to connect stablecoin infrastructure with local bank-...
Strive Adds 6,182 Bitcoin as Holdings Reach 43,000 BTC
TL;DR: Strive disclosed in an October 26 filing with the US Securities and Exchange Commission that it had bought 6,182 bitcoin be...
Ripple Expands BNY Deal to Bring $2.5B RLUSD and XRP Into Trade Finance
Key Takeaways: BNY extended the existing partnership relationship with Ripple by adding XRP as its digital asset to its digital as...