Market analyst 24HrsCrypto has made headlines by asserting that the prospect of XRP reaching a three-digit price target is grounded in mathematical principles, liquidity, and the necessity of patience. For an extended period, XRP has hovered around the $2 mark amid market volatility. Despite this stagnation, many analysts have maintained that a recovery is on the horizon.
Some experts have speculated that a rebound could push the price toward $5, $10, or even $13, while others have set their sights much higher, envisioning a surge to $100. Notably, Versan Aljarrah, founder of Black Swan Capitalist, indicated in September that the journey to $100 for XRP might be initiated through accumulation by large institutional investors. This optimistic outlook persists, even as XRP recently fell below the $2 support level amid a bearish market environment.
Currently priced at $1.92, XRP would need to increase by over 5,100% to hit the $100 target, a gap that has fueled skepticism among some market participants. Nonetheless, 24HrsCrypto remains confident, declaring, “Rest assured, $100 XRP is not a dream. It”s math, liquidity, and patience.”
His position suggests that the potential for this growth is based on quantifiable factors rather than mere speculation. In a broader context, Bitcoin (BTC) has also seen ambitious forecasts, with Cathie Wood from Ark Invest suggesting that Bitcoin could reach $1.5 million by 2030, citing data-driven projections.
24HrsCrypto argues that if Bitcoin can achieve such heights from its current price below $85,000, then XRP”s goal of $100 is equally attainable. He illustrates this by asking investors to consider an investment of $5,000 in XRP held until 2030, positing that XRP could yield better returns than Bitcoin if both predictions come to fruition.
In his analysis, he compared the potential outcomes of investing in both assets. Under his projections, Bitcoin reaching $1.5 million would yield approximately $89,000, while XRP hitting $100 would result in about $259,000. The analyst attributes this disparity to the different factors that drive value for each asset. He believes that Bitcoin”s value is primarily propelled by investor speculation, whereas XRP”s growth is driven by its utility, settlement demand, and global liquidity requirements.
Encouraging investors to not overlook XRP, 24HrsCrypto argues that this asset is designed for real-world settlement and possesses robust liquidity support. He stresses that a long-term belief combined with a consistent investment strategy will consistently outperform reactions based on market hype.
Interestingly, 24HrsCrypto has been a persistent advocate for the narrative of XRP reaching $100. Earlier this month, he suggested that significant developments could be on the horizon for XRP, potentially enabling it to reach the $100 mark well before 2030. While he acknowledges the possibility of being incorrect regarding timelines, his enthusiasm for XRP remains undiminished.
