During the outbreak: XRP surges to $100 to $300

Several entities, including cryptocurrency exchanges Changelly and Telegaon, have predicted that XRP’s price will reach a price range of $100 to $300.

XRP continues to trade under the influence of the bear market, falling 14% this year, while other assets have seen significant growth. This underperformance has been blamed on price suppression caused by Ripple’s sales and ongoing SEC litigation. However, these claims remain speculative.

XRP Suffers Price Suppression

Ripple’s chief technology officer, David Schwartz, has consistently pushed back against the idea that the suppression comes from Ripple’s regular sales of XRP. Meanwhile, while the discussion is still ongoing, several analysts expect XRP to repeat its 2017 price path, when it surged 48,823% after a poor start.

Market observers have set multiple targets for XRP to reach if its price rises significantly. Crypto analyst EGRAG said that XRP could reach $27 when it achieves its big growth. Meanwhile, another analyst, CryptoBull, predicts that the price could surge to $154.

As these predictions come out, some commentators are taking them with a grain of salt, while others continue to look forward to an eventual upward trend that will achieve some of the goals. Amid this mixed sentiment, several entities have proposed timelines for when XRP might reach these targets, specifically $100 to $300.

Forecast timeline for the $100 to $300 price range

For example, analysts at Changelly expect XRP to reach $100 in April 2040 and predict its average price to be $104.62. These analysts believe that XRP will continue to rise after breaking through the $100 mark and predict that it will eventually surpass $200 in August 2040 before reaching $300 in December of that year.

Meanwhile, researchers at crypto forecasting resource Telegaon have a less optimistic outlook on XRP than analysts at Changelly. In a recent analysis, the Telegaon team only expects XRP to reach $100 in 26 years, in 2050. They have no projected timeline for XRP to hit $200 or even $300.

Despite the less optimistic outlook, Telegaon remains more optimistic about XRP than market analysis platform CoinCodex. Interestingly, CoinCodex expects XRP to continue to underperform in this cycle and subsequent ones. They predict that XRP will only reach a peak price of $2.45 in 2029 and $1.7 in 2030, which means it will not exceed its all-time high of $3.84 in the next 16 years.

Crypto Basic also mentioned multiple past predictions that suggested XRP could reach a price between $100 and $300. Analyst Javon Marks predicts that XRP has the ability to reach $200 based on a massive rollover pattern.

Additionally, another market analyst, Block Bull, recently determined that XRP could reach $250 in this market cycle, specifically by 2025. EGRAG also suggested earlier this year that XRP has the potential to reach $220. It is worth noting that XRP is currently trading at $0.5296, down 2% in the past 24 hours.

Disclaimer: This content is for informational purposes only and should not be considered financial advice. The opinions expressed in this article may contain the personal opinions of the author and do not necessarily reflect the views of The Crypto Basic. Readers are encouraged to perform thorough research before making any investment decisions. The Crypto Basic is not responsible for any financial losses.