The XRP community has been speculating about the possibility of XRP reaching $130 in the future. This speculation is based on a past post from Ripple CTO David Schwartz, who commented on an unprecedented surge in Liberty Tripadvisor class B shares in April 2020. The XRP community has interpreted this post as a hint that XRP could potentially reach $130 someday.
The recent wave of speculation gained momentum when a pseudonymous community member named XRP Captain suggested that April 2024 could be the perfect time for XRP to reach the $130 target. This projection is based on aligning the scheduled pretrial and trial dates in the Ripple vs. SEC lawsuit with the date of the next Bitcoin halving, expected on April 25, 2024.
However, many community members are skeptical about the possibility of such a significant price increase within a short time frame. Achieving a price of $130 by April 2024 would require a 24,605% surge in just seven months, which many consider highly unlikely.
Can XRP Really Reach $130? The XRP Community’s Bold Price Prediction
As of the latest data, XRP is trading at $0.5262. Reaching a price of $130 would result in a market capitalization of $6.9 trillion, which is more than six times the current market cap of the entire cryptocurrency market. This level of price appreciation would be unprecedented and faces significant skepticism within the community.
It’s important to note that cryptocurrency markets are highly volatile and speculative, and price predictions should be taken with caution. While the XRP community remains hopeful, the actual future price of XRP is uncertain and influenced by various factors, including regulatory developments and market dynamics.