2024

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Bitcoin

<ul>
 <li>Chase, a prominent Bitcoin maximalist, predicts XRP’s potential price won’t reach $1,000, $589, or even $100.</li>
 <li>Thomas Kralow, a crypto hedge fund manager, envisioned the coin hitting $30 in 2023,.</li>
 <li>Technical analyst Dark Defender set a target of $1.88.</li>
</ul>
<p>A prominent Bitcoin maximalist, Chase, recently provided a serious yet contrarian prediction for <a href="https://thenewscrypto.com/?s=XRP" target="_blank" rel="noopener noreferrer nofollow">XRP’s</a> potential price. Running The Bitcoin Express YouTube channel, Chase dismissed notions of XRP reaching $1,000, $589, or even $100 in a video presentation.</p>
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   <p lang="en" dir="ltr">XRP is not going to $1,000.<br><br>It's not going to $589.<br><br>It's not even going to $100.<br><br>Even if XRP had the same market cap as Bitcoin today ($1 trillion), then 1 XRP would be worth about $18.</p>— The Bitcoin Express (@The_BTC_Express) <a href="https://twitter.com/The_BTC_Express/status/1757940949819302101?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">February 15, 2024</a>
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<p><strong>“Even if XRP had the same market cap as Bitcoin today ($1 trillion), then 1 XRP would be worth about $18,”</strong> he asserted boldly.</p>
<p>His outlook contrasts markedly with other optimistic forecasts for the altcoin. Thomas Kralow, a renowned crypto hedge fund manager, had envisioned the coin hitting $30 in 2023. Analyst Drozdz predicted excitement would fade post-lawsuit, negatively impacting prices in the medium-term.</p>
<h2 class="wp-block-heading" id="h-will-xrp-surpass-1">Will XRP surpass $1?</h2>
<p>On the flip side, technical analyst Dark Defender recently set a target of $1.88 for XRP. Wells Fargo’s Shannon Throp previously called for an astonishing $500 per coin at one point.</p>
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   <p lang="en" dir="ltr">Hi all, here is a quick update on the daily chart of <a href="https://twitter.com/hashtag/XRP?src=hash&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">#XRP</a>.<br><br>We have the daily break confirmed for both RSI &amp; Price.<br><br>Road to $1.88<br><br>Have a great weekend!<a href="https://twitter.com/hashtag/ripple?src=hash&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">#ripple</a> <a href="https://t.co/vRziRyfa2r" rel="noopener noreferrer nofollow">pic.twitter.com/vRziRyfa2r</a></p>— Dark Defender (@DefendDark) <a href="https://twitter.com/DefendDark/status/1755893911661220339?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">February 9, 2024</a>
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<p>However, none of these lofty predictions have materialized so far, grounded by XRP’s huge circulating supply of over 54 billion tokens. For the coin to reach $1,000, its market cap would need to be $54.5 trillion – dwarfing crypto’s entire current valuation.</p>
<p>Chase introduced a hypothetical scenario where XRP attains the same $1 trillion market cap as Bitcoin, but even that would only push its price to $18. While provocatively toned, it considers what’s realistically achievable.</p>
<p>So while maximalists like Chase remain pessimistic about huge price gains for the coin, more optimistic analysts think triple-digit valuations are possible long-term. However, most concur that current challenging market conditions and lagging inflows have hindered gains for now.</p>

Ripple: Can XRP Surpass $1 Anytime Soon?

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