CandleFocus Expert Says Realistic XRP Targets Are $5 to $8, Claims $589 and $1,000 are Fantasy
2024-12-02
Author: Content Editor
The recent price surge of XRP, reaching $2.50 after seven years, has prompted discussions about its outlook in the current cycle. Tony Edward, founder of the Thinking Crypto Podcast, predicts that XRP will reach between $5 and $8 in this market cycle. He expresses skepticism about more extreme forecasts, such as $10,000, calling them delusional. Some market commentators disagree with Edward's conservative estimate, believing XRP has greater potential, especially with upcoming developments like the RLUSD stablecoin. They revise their target for XRP to $15+ and anticipate further adjustments as new information arises. However, conservative commentators argue that as XRP's market cap expands, its explosive price potential will decrease, making overly optimistic targets unrealistic in the short term.
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