{"id":552125,"date":"2023-09-20T10:00:19","date_gmt":"2023-09-20T10:00:19","guid":{"rendered":"https:\/\/ktsl888.com\/?p=552125"},"modified":"2024-06-11T07:55:03","modified_gmt":"2024-06-11T07:55:03","slug":"10000-xrp-price","status":"publish","type":"post","link":"https:\/\/ktsl888.com\/news\/ripple\/10000-xrp-price\/","title":{"rendered":"Is $10,000 Possible For XRP Price? Crypto Analysts Weigh In"},"content":{"rendered":"

The possibilities of how high the XRP price can go has triggered heated debate among crypto community members over the past week. One particular forecast<\/a> put the price of the cryptocurrency as high as $10,000 as Ripple<\/a> advances in the payments sector. However, the validity of this prediction is still heavily debated, leading crypto analysts to weigh in on whether this price point is possible.<\/p>\n

Analyst Explains Why $10,000 Is Not Possible<\/h2>\n

One analyst who has weighed in on the XRP price to $10,000 debate is Zach Rector. Following the circulation of predictions that the altcoin<\/a> could rise to this level, Rector came forward to explain why he doesn\u2019t believe that the XRP price can climb that high.<\/p>\n

Related Reading: Incoming Milestone Could Be Very Bullish For XRP Price, Here\u2019s Why<\/a><\/div>\n

In the post<\/a> that was made on X (formerly Twitter), Rector points toward a currency reset and debt restructuring as the reason behind his belief. According to him, both a Currency Reset and Debt Restructuring would have to take place before the altcoin can mount such a rally.<\/p>\n

Explaining further, Rector points toward both of these taking place before the cryptocurrency could even rise to a much lower price point of $50. So he believes that instead of putting forward such price predictions, the question to be asked is, \u201cHow high will XRP go before we have a RESET?\u201d<\/p>\n

Another X user chimed in in response to Rector\u2019s tweet to say it is possible for the XRP price to reach $10,000. However, they believe that this will only happen if the current high inflation rates are maintained. In a follow-up tweet, the user gives XRP a 5% chance of actually reaching $10,000.<\/p>\n

\u201c$10,000 is possible but that would be assuming that we maintain this disastrous inflation rate, XRP becomes worldwide cross border payment currency of choice with no competition, and Tokenization takes place and at least 10-20% of one of the top 10 markets worldwide utilizes XRP,\u201d the tweet<\/a> reads.<\/p>\n

Why The Sudden Bullishness On XRP Price?<\/h2>\n

Indicators and investors alike first turned bullish for the XRP price following Ripple\u2019s victory over the United States Securities and Exchange Commission (SEC)<\/a> in July. The price of the coin had risen over 60% in the days following the ruling as interest ballooned.<\/p>\n

Related Reading: Ripple CTO Explains Company\u2019s Stance On Debunking Outrageous XRP Price Predictions<\/a><\/div>\n

The token\u2019s rally has since slowed down since then, wiping the majority of its gains from the ruling. However, crypto analysts remain bullish. One analyst<\/a> put the XRP price at $130, while another analyst sees it going as high as $500<\/a>.<\/p>\n

XRP\u2019s trading volumes, which have been nearly consistent above $1 billion, also show that investors are heavily involved in the coin. This sustained bullishness is further fueled by Ripple\u2019s exploits in the payments sector, as well as working with various countries on their Central Bank Digital Currencies (CBDCs).<\/p>\n

\"Ripple<\/p>\n

XRP steadies above $0.51 | Source: XRPUSD on Tradingview.com<\/a><\/pre>\n
Featured image from Yahoo Finance, chart from Tradingview.com<\/div>\n","protected":false},"excerpt":{"rendered":"
The possibilities of how high the XRP price can go has triggered heated debate among crypto community members over the past week. One particular forecast put the price of the cryptocurrency as high as $10,000 as Ripple advances in the payments sector. However, the validity of this prediction is still heavily debated, leading crypto analysts to weigh in on whether this price point is possible. Analyst Explains Why $10,000 Is Not Possible One analyst who has weighed in on the XRP price to $10,000 debate is Zach Rector. Following the circulation of predictions that the altcoin could rise to this level, Rector came forward to explain why he doesn\u2019t believe that the XRP price can climb that high. Related Reading: Incoming Milestone Could Be Very Bullish For XRP Price, Here\u2019s Why In the post that was made on X (formerly Twitter), Rector points toward a currency reset and debt restructuring as the reason behind his belief. According to him, both a Currency Reset and Debt Restructuring would have to take place before the altcoin can mount such a rally. Explaining further, Rector points toward both of these taking place before the cryptocurrency could even rise to a much lower price point of $50. So he believes that instead of putting forward such price predictions, the question to be asked is, \u201cHow high will XRP go before we have a RESET?\u201d Another X user chimed in in response to Rector\u2019s tweet to say it is possible for the XRP price to reach $10,000. However, they believe that this will only happen if the current high inflation rates are maintained. In a follow-up tweet, the user gives XRP a 5% chance of actually reaching $10,000. \u201c$10,000 is possible but that would be assuming that we maintain this disastrous inflation rate, XRP becomes worldwide cross border payment currency of choice with no competition, and Tokenization takes place and at least 10-20% of one of the top 10 markets worldwide utilizes XRP,\u201d the tweet reads. Why The Sudden Bullishness On XRP Price? Indicators and investors alike first turned bullish for the XRP price following Ripple\u2019s victory over the United States Securities and Exchange Commission (SEC) in July. The price of the coin had risen over 60% in the days following the ruling as interest ballooned. Related Reading: Ripple CTO Explains Company\u2019s Stance On Debunking Outrageous XRP Price Predictions The token\u2019s rally has since slowed down since then, wiping the majority of its gains from the ruling. However, crypto analysts remain bullish. One analyst put the XRP price at $130, while another analyst sees it going as high as $500. XRP\u2019s trading volumes, which have been nearly consistent above $1 billion, also show that investors are heavily involved in the coin. This sustained bullishness is further fueled by Ripple\u2019s exploits in the payments sector, as well as working with various countries on their Central Bank Digital Currencies (CBDCs). XRP steadies above $0.51 | Source: XRPUSD on Tradingview.com Featured image from Yahoo Finance, chart from Tradingview.com<\/p>\n","protected":false},"author":594,"featured_media":552128,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[16894],"tags":[33424,167,89447,3680,17209,4531,89446,89310,83637,13172,16289,10972,78763],"class_list":["post-552125","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-ripple","tag-33424","tag-analyst","tag-crypto-analysts","tag-ripple","tag-ripple-news","tag-xrp","tag-xrp-10","tag-xrp-analyst","tag-xrp-news","tag-xrp-price","tag-xrp-price-prediction","tag-xrpusd","tag-xrpusdt"],"acf":[],"yoast_head":"\nIs $10,000 Possible For XRP Price? 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His ability to keep in line with market trends has made his work a favorite among crypto investors. In his personal life, Scott is an avid traveler and his exposure to the world and various way of life has helped him to understand how important technologies like the blockchain and cryptocurrencies are. This has been key in his understanding of its global impact, as well as his ability to connect socio-economic developments to technological trends around the globe like no one else. Scott is known for his work in community education to help people understand crypto technology and how its existence impacts their lives. He is a well-respected figure in his community, known for his work in helping to enlighten and inspire the next generation as they channel their energies into pressing issues. His work is a testament to his dedication and commitment to education and innovation, as well as the promotion of ethical practices in the rapidly developing world of cryptocurrencies. 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