Pundit Says XRP Price Will Not Teleport To $500 This Cycle, Shares ‘Realistic’ Targets

A social media discussion sparked excitement in the XRP community after an enthusiast predicted a $500 price surge for the cryptocurrency. Crypto analyst ChartNerd countered this optimistic vision, stating that a $500 valuation is unlikely in the current market cycle. ChartNerd realistically suggested a double-digit price target, potentially reaching $13-$27 during this cycle. This more tempered prediction contrasts with other analysts suggesting triple-digit prices, even $1,000 or more. The analyst's projections consider the potential impact of future XRP ETFs and their possible inflows. Even with significant ETF trading volume, the market capitalization would still only support a price closer to ChartNerd's upper target. ChartNerd acknowledged that widespread adoption by banks and traditional finance is crucial for substantial price increases. He emphasized that significant adoption takes years, making triple-digit prices unlikely in the near future. While some users drew parallels to Bitcoin, ChartNerd remained cautious, highlighting differences in market dynamics and supply. XRP is currently trading at $0.66, with a $500 target requiring an enormous percentage increase. In contrast, reaching $13-$27 would constitute significantly smaller, though still substantial, gains. ChartNerd's analysis offers a grounded perspective on XRP's potential during the current market phase.