American exchange Uphold sparks excitement by speculating on XRP reaching $1,000, prompting lively community reactions amid the token’s recent price surge.
The crypto market is experiencing renewed bullish momentum as Bitcoin returns to the $60K range for the first time in nearly a month. Among the beneficiaries of Bitcoin’s resurgence is XRP, the seventeen biggest crypto.
Specifically, XRP has advanced impressively from a low of $0.5564 yesterday to $0.5802 early today, which marks a growth of over 4.2%. Meanwhile, when looking at XRP’s price action over the weekly timeframe, the asset is up more substantially by over 10%.
As XRP continues its steady performance, optimism in the crypto community is growing. The prominent pro-XRP exchange Uphold is fueling further excitement by speculating on XRP reaching the bold price target of $1,000.
When XRP Hits $1,000…
On Friday, Uphold sparked a conversation about XRP potentially reaching the extraordinary price point of $1,000. For context, XRP is currently valued at around $0.5780. Achieving a price of $1,000 would require an extraordinary growth of 172,910%.
Such a milestone would undoubtedly create a wave of new millionaires. For instance, anyone holding just 1,000 XRP, worth $578 today, could see their holdings grow to $1,000,000 if XRP reached the $1,000 mark.
In a recent post on X, Uphold engaged with the community by asking, “XRP just hit $1,000. What’s your next move?”
The question quickly went viral, gathering nearly half a million impressions in less than 24 hours. XRP enthusiasts shared a range of responses about what they would do if the dream of a $1,000 XRP became a reality.
Let’s try this again…$XRP just hit $1,000. What’s your next move? pic.twitter.com/7PxnXswVjh
— Uphold (@UpholdInc) September 13, 2024
Proposed Lifestyle with $1,000 XRP
X user Eastlos Shaman commented that he would sell some of his XRP to pay off his car loan and provide a better lifestyle for himself and his parents while holding on to the rest.
Another investor, Norberts, expressed a similar sentiment, stating that his first move would be buying a new car.
Considering the life-changing wealth that such a price point could offer, user Tboone humorously mentioned that he would start an aerospace company, self-fund it, and secure contract work. Others joked about hiring an attorney due to the immense wealth they would wake up to.
Meanwhile, some users even joked they would need to double-check if the $1,000 price wasn’t a glitch.
This sentiment draws from the repeated history of XRP price glitches in recent months, where XRP has reportedly traded as high as $62,000 on some platforms while its prevailing value was around $0.5.
Skeptics Weigh In
While many enjoyed the speculative discussion, some critics were more cautious. They argued that XRP should first surpass $1 before targeting as high as $1,000. This sentiment results from the fact that XRP has been trading below $1 for over three years.
Disclaimer: This content is informational and should not be considered financial advice. The views expressed in this article may include the author’s personal opinions and do not reflect The Crypto Basic’s opinion. Readers are encouraged to do thorough research before making any investment decisions. The Crypto Basic is not responsible for any financial losses.
Source: https://thecryptobasic.com/2024/09/14/top-american-exchange-says-xrp-could-hit-1000-details/?utm_source=rss&utm_medium=rss&utm_campaign=top-american-exchange-says-xrp-could-hit-1000-details