Pundit Says XRP to $10 is Depressing; $200 is Better

XRP community pundit Xena recently took to X to express her disappointment over a conservative price prediction by popular YouTuber Moon Lambo. 

Per the disclosure, Moon Lambo’s outlook suggests that XRP could reach only $5 to $10 in the near term, with a potential of $200 in a decade. However, according to Xena, the outlook for $10 XRP is overly pessimistic. She believes this projection fails to capture the true potential of XRP.

XRP $5 to $10 Price Outlook is “Bearish”

Xena stated that as an XRP investor if she had been unaware of XRP’s prospects, Moon Lambo’s forecasts would have triggered a feeling of depression. Xena emphasized that she never makes specific price predictions herself. Yet, she made it clear that expectations for XRP’s potential are far higher than Moon Lambo’s estimates.

For context, XRP is currently valued at $0.55, and reaching $10 would represent an over 1,718% return on investment, or a 17-fold gain. Despite this, Xena dismissed such a target as “bearish.” She questioned the rationale behind holding XRP if one only expects “modest” gains. In her words:

“There is no point in holding XRP if that’s the price you hope for. There is, and there was a much better investment in this case.”

This statement underlines her belief that XRP has a much higher upside potential than Moon Lambo and others with a conservative outlook. 

What $200 and Higher Price Points Mean for XRP

Essentially, Xena’s remarks highlight a divide within the XRP community over the asset’s future price trajectory. While some analysts and influencers, like Moon Lambo, present more conservative estimates, others, like Xena, are far more ambitious, believing that XRP has the potential to exceed the $200 mark in the coming years.

However, critics of these ambitious projections argue that they are unrealistic, as achieving a $200 price point would imply a market cap of several trillion dollars. This raises questions about the potential valuations of other leading assets like Bitcoin and Ethereum, which currently dominate the market.

For context, if XRP were to reach $200, it would have a market cap of approximately $20 trillion. As of now, XRP comprises less than 3% of the global crypto market cap of $2.06 trillion. If XRP alone were valued at $20 trillion, it prompts questions about the valuation of Bitcoin, which typically commands over 50% of the market share.

Despite this, many XRP enthusiasts remain undeterred by this apparent contradiction between market cap and price expectations.

Interestingly, Xena also urged her followers to unfollow her if they align with MoonLambo’s “bearish” outlook, suggesting that those with such “low” expectations may not fully understand XRP’s technology and potential.

“Most simply don’t understand this technology,” she concluded.

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/2024/09/02/pundit-says-xrp-to-10-price-outlook-is-depressing-200-is-better/?utm_source=rss&utm_medium=rss&utm_campaign=pundit-says-xrp-to-10-price-outlook-is-depressing-200-is-better