XRP surges to $1,000 as analysts chart market reaction to key price milestone

BarriC, a professional cryptocurrency critic who supports XRP, recently discussed the possible market reactions when XRP reaches different price milestones on its expected journey to $1,000.
As one of the most ambitious voices in the XRP community, BarriC has long been adamant that the asset will eventually reach a four-digit value. Despite criticism from skeptics, he believes that even $500 in XRP will be considered a bargain in hindsight.
In his latest review of X, he outlined the possible community reaction when XRP reaches strategic price points such as $1, $3, $5, $10, $100, and $1,000.
Reactions to $1, $3, and $5 XRP
BarriC noted that the current sentiment towards XRP is one of depression when its value is below $0.5, with some labeling it a dead coin. This dismay is due to XRP ranking as one of the underperforming crypto assets in this bull run.
For example, while Bitcoin, Ethereum, BNB, and Solana posted gains of around 50% in the first quarter, XRP recorded a loss of 5% according to Ripple’s latest quarterly report. Furthermore, in the last quarter of 2023, when the bull run mania began, XRP recorded only 7% gains and subsequently lost.
Still, BarriC and other optimistic XRP enthusiasts believe this underperformance is temporary. In particular, he predicted that when XRP eventually regains the $1 price point it lost three years ago, the community’s reaction will likely still be dismissive.
However, according to the expert, the reaction may turn slightly when it reaches $3. BarriC believes that dismissive voices will begin to argue that $3 is a “sad ceiling” rather than acknowledging the achievement. Notably, XRP last reached its highest price of $3.84 in January 2018, or six years ago.
When XRP reaches $5, BarriC expects skeptics to become more curious, questioning why XRP continues to rise.
Reactions to $10, $100, and $1,000 XRP
BarriC believes that FOMO won’t really set in until XRP hits $10, although he expects critics to want a pullback to $3.
At the $100 price level, he believes people will begin to recognize XRP’s utility in payments and tokenization of real-world assets (RWAs), leading to increased investment interest.
Finally, if XRP reaches $1,000, BarriC speculates that the majority of the crypto community will view XRP as an essential asset and people will save up to buy one XRP per month.
Opposing Views
While some share this view, others think it is wishful thinking. In another discussion, an X user pointed out that three years ago, despite lack of regulatory clarification and being embroiled in lawsuits, XRP reached $1.96.
Now, three and a half years later, despite a US court ruling, re-listing on major exchanges like Coinbase, and Grayscale’s reinstatement of XRP in its DLC fund, the XRP price is still $0.48.
Despite these positive developments, price performance has been disappointing. As a result, many people have lost confidence in XRP, although some remain optimistic. 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 reflect the views of The Crypto Basic. Readers are advised to conduct in-depth research before making any investment decisions. The Crypto Basic is not responsible for any financial losses.