Market Expert Says XRP Price Reaching $1,000 Is Inevitable, Here’s Why


Despite
its


unimpressive
price
action
,
crypto
analysts
have
maintained
faith
in
the
XRP
price,
offering


bullish
price
predictions


for
the
crypto
token.
This
time,


crypto
analyst
BarriC


has
predicted
that
XRP’s
price
reaching
four
figures
will
undoubtedly
happen. 

XRP
Price
Will
Reach
$1,000
At
Some
Point


BarriC
explained
in
an
X
(formerly
Twitter)


post


why
he
believes
XRP
will
eventually
reach
$1,000.
He
mentioned
that
no
one
could
have
envisaged
that
Bitcoin
would
hit
$73,000
when
it
was
still
trading
at
$330
in
2016.
He
also
made
reference
to
other
crypto
tokens
like


Ethereum
,
Litecoin,


Solana
,
and


Dogecoin
,
which
were
trading
really
low
at
some
point
and
went
on
to
make
significant
price
gains. 


Therefore,
he
believes
a
similar
pattern
could
play
out
with
XRP.
He
noted
that
XRP
was
trading
way
lower
than
its
current
price
level
at
some
point
when
it
was
$0.006
in
2017,
and
no
one
imagined
it
would
climb
to
an


all-time
high
of
$3.80
.
BarriC
went
on
to
claim
that
those
saying
XRP
will
never
move
in
price
“clearly
don’t
understand
how
crypto
works.”


The
crypto
analyst
added
that
the
explosive
price
action

for
XRP
will
definitely
come
at
some
point,
and
what
is
important
is
to
have
the
“fortitude”
to
hold
until
that
time
comes.
He
also
suggested
that
there
was
no
better
time
than
now
to
accumulate
XRP,
stating
there
is
a
benefit
in
accumulating
when
people
either
don’t
know
enough
about
the
crypto
or
outright
hate
it. 


This
isn’t
the
first
time
that
the
crypto
analyst
has
predicted
that
XRP
will
hit
$1,000
at
some
point.
Before
now,
he


mentioned


that
XRP
would
hit
this
price
level
in
the
next
five
to
ten
years.
He
explained
that
this
exponential
price
surge
will
happen
thanks
to
the
amount
of
money
expected
to
flow
into
the
crypto
space. 


He
also
alluded
to
the


Spot
Bitcoin
ETFs


and
how
they
helped
drive
up
Bitcoin’s
price.
He
believes
something
similar
can
happen
for
XRP
when
institutional
demand
comes
for
the
crypto
token
through
an
XRP
ETF. 

XRP
Can
Only
Hit
Three
Figures
At
Most


XRP
YouTuber
Moon
Lambo


has


previously
suggested


that
XRP’s
price
cannot
go
above
three
figures.
He
noted
that
there
isn’t
enough
liquidity
in
the
world
to
drive
XRP’s
price
to
such
heights.
He
believes
that
mainstream
adoption
of
XRP
and
liquidity
flow
will
only
cause
XRP
to


rise
to
three
digits
,
and
it
will
still
take
“many
market
cycles”
for
XRP
to
even
climb
to
such
a
price
level.


XRP
possibly
hitting
three
digits
brings
crypto
analyst
CryptoBull’s
prediction
into
focus.
The
analyst


recently
predicted


that
XRP
can
climb
to
$154,
although
he
didn’t
state
exactly
when
this
will
happen.
Meanwhile,
crypto
analyst


JackTheRippler


predicted
that
XRP
would
rise
to
$100
when
the
legal
battle
between
the


Securities
and
Exchange
Commission
(SEC)


and
Ripple
ended. 

XRP price chart from Tradingview.com

Token
price
struggling
above
$0.5
|
Source:
XRPUSDT
on
Tradingview.com

Featured
image
from
Coinpedia
chart
from
Tradingview.com

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