Predicting the future of XRP, the seventh biggest cryptocurrency by market capitalization, the community of the well-liked XRP-friendly exchange Bitrue is humming.
In a recent survey, Bitrue asked its X, followers to share their opinions on possible pricing for the digital asset. The answers showed a wide variety of views in the crypto world, ranging from unduly hopeful to dubious.
XRP Targets Controversial
The most frequently expressed price target among XRP aficionados was $100, followed by an even more aspirational target of $1,000. A suggestion made by certain optimistic fans on social media platforms that Ripple would explode into the five-digit price range—has generated controversy.
Aiming for a $10 to $30 valuation in the next bullish cycle, many respondents expect Ripple would find medium ground. More conservative forecasts, however, lie between $1 and $3 and reflect a wary attitude from some sections of society.
Still, both analysts and critics alike find these optimistic assertions suspicious. Ripple’s overall market capitalization would have to rise to a remarkable $5.7 trillion, more than 4.5 times Bitcoin’s present market cap and 143% greater than the whole cryptocurrency market as of right now if it were to achieve the $100 level.
Some members of the XRP community are less convinced, even while others remain hopeful. Many bearish voices contend that, given current Ripple levels, Ripple is already overbought and warn that the worst could yet lie ahead.
XRP did indeed see a significant decline during recent trading hours, shedding all the gains it acquired over the weekend. In a little time, the price dropped from $0.66 to $0.627.
Despite these swings, XRP has recently outperformed USDC stablecoin temporarily to rank sixth in cryptocurrency market capitalization. Currently, market players estimate Ripple’s entire supply at $35.66 billion, but the asset’s long-term viability remains uncertain.
