XRP community member “Financial Freedom” has challenged the notion of XRP reaching $1,000, dismissing it as unrealistic while noting that $15 may be attainable.
This comes as members of the XRP community recently unearthed old commentaries by the U.S.-based exchange Uphold concerning XRP reaching $1,000. While some XRP proponents remain optimistic about the ambitious target, others, like “Financial Freedom,” are calling for a more realistic outlook.
First, the commentator criticized the community for entertaining such “insane price predictions,” pointing out the unrealistic nature of the forecast given current market dynamics.
Specifically, “Financial Freedom” noted that at the hypothetical $1,000 price, XRP would command a valuation of approximately $100 trillion, whereas the global crypto market is only $2.07 trillion today. Of this value, Bitcoin commands more than 50% with a $1.16 trillion market cap, while XRP makes up only 2.71%.
Essentially, the hypothetical value of $1,000 for XRP raises questions about the valuation of the broader market if XRP alone were to reach $50 trillion.
Furthermore, Financial Freedom’s commentary highlighted the failures of previous price forecasts for XRP. He noted that influencers and analysts have made bold projections for XRP over the past six years that have not materialized.
“Six years of XRP price guessing, and not one so-called expert, analyst, YouTuber, or influencer was correct,” he remarked.
XRP Army Should Be Satisfied with $15 XRP
Moreover, the post further criticized the XRP community for missing several bull runs over the past few years, adding that despite the conclusion of the SEC lawsuit against Ripple, the expected price surge for XRP hasn’t materialized.
“If it was the lawsuit that held XRP back, now that it’s ended, wouldn’t the price explode to catch up since there is clarity?” Financial Freedom questioned.
As an XRP holder himself, Financial Freedom advocates for a more grounded outlook. He suggests that a $1 trillion market cap by 2030 is more realistic, equating to approximately $15 per XRP.
“You should be happy with 30x in 5 years. That’s a nice return,” he noted.
Clarification Concerning Uphold’s $1,000 XRP Statements
While Financial Freedom has challenged the $1,000 XRP price prediction attributed to the Uphold exchange, it is worth noting that the exchange itself has not explicitly forecasted that XRP would reach $1,000.
In fact, Uphold has made no price forecast for XRP. Its statements merely concerned how investors might react in such a hypothetical scenario.