Can XRP reach the end-of-century goal of $1,000? Cryptocurrency analysts have analyzed that XRP's current risk-reward structure is similar to Bitcoin's early days.
Cryptocurrency expert Chiki Crypto evaluated that "it's similar to Bitcoin's early pattern where investors who quietly held on became millionaires during times when voices claiming XRP was a scam were loud".
After its launch in 2012, XRP initially generated solid returns, but its price stagnated due to the legal dispute between Ripple and the US Securities and Exchange Commission (SEC). This led to limited listings on major exchanges and dampened investment sentiment.
However, as the legal battle between the two sides approaches its final stages, expectations are growing that XRP's growth momentum will be revived. Experts analyze that if XRP follows just 10% of Bitcoin's past growth trajectory, its price could soar to $5,300 (approximately 7.26 million won).
Currently at $2.33, calculations suggest XRP could rise to $53 by achieving just 1% of Bitcoin's growth rate. Additionally, Ripple's token burning and expansion of global payment partnerships could drive price increases.
However, XRP's high issuance of 100 billion tokens is noted as a constraint on price appreciation. Yet, analysts suggest that capturing even a small portion of the $150 trillion global remittance market could justify a higher price.
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