Key Takeaways
- Although there is no concrete evidence of a potential $10,000 XRP, fundamentals support such a rally.
- Ripple CTO David Schwartz highlights reasons why XRP is destined to reach a high of $10,000, following the likes of Bitcoin.
- Crypto analysts expect the XRP price to break above $3 following recent market price action.
“XRP below $10,000 is too cheap” is the new buzz circulating in the crypto space following the resurgence in Bitcoin prices and altcoins. This saying is circulating in crypto as crypto experts and investors believe XRP has enough fundamental firepower to rally towards five digits.
In 2017, Arthur Britto, co-founder of Ripple, made this statement, which might seem laughable because it lacked real concrete evidence. However, many X accounts, including other media platforms, have speculated that the price of XRP is rallying to $10,000 based on Britto’s statement.
Ripple’s CTO, David Schwartz, on his X page in 2017, also speculated that his reason why XRP trading towards a region of $10,000 looks more realistic when compared to Bitcoin, which has outperformed the cryptocurrency altcoins in terms of price and market capitalization. David hopes the price of XRP could catch up due to its robust tokenomics and use cases gaining much traction.
Although the speculation surrounding the potential of XRP reaching a high of $10,000 might seem elusive, the approval of an ETF, the settlement of an SEC lawsuit, the adoption of tokenization, and the purchase of Hidden Road’s prime brokerage firm are all fundamental news that will strongly drive the price to trade towards $10 before the end of 2025.
XRP Price Could Trade Above $3
Following recent price action for altcoins, CryptoBull, a top crypto analyst, believes XRP is building a strong bullish price action. The price continues to range in a bullish descending channel, and the price of XRP is expected to breakout with a strong bullish rally.
If the price of XRP rallies to a high of $3, there are high chances of it rallying further towards a high of $5, creating a historical high for XRP. This could increase the price adoption of many investors and whales looking for crypto assets with a strong use case and potential for new heights.
With recent market price action gaining more volume, activities on the XRP network could see its price affected positively to the upside as crypto analyst Ali Martinez has also seen some great price strength from XRP with a breakout above $3, which could signal a strong rally towards $5 and subsequently $10.
