XRP Price At $10,000-$50,000 Is Nonsense: Analyst Bashes Calls For Bitcoin-Like Prices

Social media buzz persists regarding XRP potentially reaching $10,000 to $50,000 per coin, with proponents claiming it will power the global financial system. One prominent analyst, ChartNerd, strongly refutes these projections, labeling them "nonsense." This assertion sparked a debate within the XRP community, particularly among those holding ultra-bullish outlooks. The $10,000-$50,000 target discussion resurfaced after a user suggested XRP is set to revolutionize global payments and is tied to a gold-backed global currency reset. This user presented an image suggesting $10,000 as a minimum price following widespread institutional adoption across various financial systems. However, ChartNerd, focusing on market structure, dismissed these high valuations as unrealistic. He argues that such targets ignore XRP's supply, liquidity, and market capitalization realities. ChartNerd previously suggested a more rational peak for XRP this cycle between $13 and $27, contingent on ETF inflows and market sentiment. Despite this, some XRP supporters dismissed ChartNerd's analysis, believing traders misunderstand XRP's true value. They draw comparisons to Bitcoin's current valuation, suggesting XRP has comparable potential in global payments. Conversely, others agreed with ChartNerd, warning that extreme price targets can mislead and harm credible analysis. This ongoing disagreement highlights a significant division in perspectives on XRP's future price potential. XRP was trading at $2.41 at the time of writing.