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XRP rise 100 Times – Is the Dream Becoming Reality?
This week, the cryptocurrency community has come alive again as renowned analyst Chad Steingraber made a bold prediction: XRP could be bullish 100 times, a scenario that was once considered unrealistic. According to Steingraber, if in December 2020 you needed 5 XRP to purchase an asset, now you only need 1 XRP worth about $2.35 to buy the same asset. This shows an increase from $0.20 to $2.35, equivalent to about 1,100%, which has provided huge profits for early investors – especially those who dared to "catch the bottom" when the SEC sued Ripple at the end of 2020. Target $235: A good scenario or an illusion? The most shocking forecast from Steingraber is a price of $235/XRP, equivalent to a market capitalization of over 15 trillion USD – surpassing the total value of gold of approximately 11 trillion USD. If this becomes a reality, XRP will outpace most major banks and the global payment network. However, to achieve that, XRP needs widespread acceptance in global payments, extensive real-world applications, and a favorable legal environment – which currently still has many barriers. Short-term forecast is mixed Not everyone believes in the upcoming bullish scenario. Some analytical platforms like Telegaon set a target of $235 as far out as 2050, while other scenarios push the timeline back by several decades. This reflects the unpredictability in forecasting the cryptocurrency market. According to CoinCodex, in the short term, XRP may decrease by 22% to $1.85 by June 17, 2025. Current technical indicators show a neutral sentiment, while the Fear & Greed Index is at 74 – indicating "Greed." Over the past 30 days, XRP has had 13 bullish days, with a price volatility of about 6%, suggesting that the market remains active but is showing signs of "cooling" down. Market sentiment: Excited but not blind Although a 100× increase sounds very attractive, most experts still consider this a fictional scenario rather than a practical basis. They emphasize that legal factors, real-life applications, and global financial trends will determine whether XRP can "ride the wave" as predicted or not. Conclusion The market is closely monitoring every move of XRP. While the long-term growth potential cannot be denied, investors need to keep a cool head, assess risks thoroughly, and not fall for FOMO ( the fear of missing out ) during such volatile times.