Experts predict price targets for BTCETH and XRP expect XRP to peak at $250

Industry expert Chad Steingraber has set bold price top targets for Bitcoin (BTC), Ethereum (ETH), and XRP, predicting that XRP will reach a price peak of $250.
Although XRP has failed to catch up with the gains of the broader crypto market, industry commentators remain confident that it will outperform in the long term. In short, BTC is up 64% this year, while ETH is up 61%. Additionally, Solana (SOL) is up 59.8%, while Binance Coin (BNB) is up an eye-catching 119% since January.
XRP underperforms
Meanwhile, XRP has fallen 18% over the same time frame, making it one of the few mainstream assets to suffer a drop this year. Despite the market’s stunning performance, commentators such as independent game developer Chad Steingraber expect XRP to catch up with the rest of the market as the bull run matures.
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One of the driving forces behind this optimism is XRP’s stellar performance in 2017. Notably, XRP recorded similar lackluster volatility between 2016 and 2017, followed by a bull run in that cycle. During this period, XRP lagged behind the rest of the market while other assets surged. However, as the bull run matured, XRP outperformed, surging 48,823%.
Bitcoin and Ethereum Forecast
Steingraber's recent forecast suggests this pattern is likely to repeat. He made three predictions for the peak prices of Bitcoin, Ethereum, and XRP in the current market cycle. According to him, Bitcoin could soar to a peak price of $250,000.
Several analysts and industry leaders have proposed similar targets for Bitcoin. For example, two years ago, billionaire Tim Draper expressed confidence that BTC could reach $250,000. However, his timing was wrong as he predicted that this would occur between late 2022 and early 2023. Market analyst Raoul Pal also recently predicted that the price of Bitcoin will reach $250,000.
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In addition to Bitcoin, Steingraber predicts that Ethereum will peak at $25,000 this cycle. This prediction is only 13% higher than the $22,000 Ethereum price prediction recently proposed by leading asset management firm VanEck. However, Geoffrey Kendrick of Standard Chartered Bank proposed less ambitious targets of $8,000 and $14,000 for ETH.
Prediction of XRP reaching $250
Meanwhile, Steingraber predicts that XRP will reach a peak price of $250 in this cycle, while Bitcoin hits $250,000 and Ethereum hits $25,000. According to the game developer, these predictions fit in with each other in a synergistic nature.
KUWL host Rob Cunningham highlighted the necessary percentage increases needed for these predictions to come true. It is worth noting that to reach $250,000, Bitcoin would have to grow 3.5 times, while Ethereum would require a much higher 6.3 times growth to reach $25,000.
However, with XRP currently valued at around $0.50, Cunningham noted that the altcoin would have to surge by 500x or 50,000% to achieve its target value of $250. This confirms that XRP would need a much larger rally to achieve its target, making it the least likely scenario. Still, markets can be unpredictable.
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 advised to perform thorough research before making any investment decisions. The Crypto Basic is not responsible for any financial losses.