XRP News Today: XRP's 2017-2018 Surge Fuels $1,000 Price Target Debate

An analyst has reignited discussions about the long-term price potential of XRP, suggesting that historical data supports the possibility of significant gains. The analyst points out that XRP could potentially rise to $1,000, drawing parallels to its performance during the 2017–2018 bull market.

Over the past quarter, XRP has been trading in a sideways pattern, fluctuating between highs of around $3 and lows near $1.60. This consolidation has led to mixed reactions within the community. Some view this stagnation as a sign of limited growth, while others, including analysts like BarriC, remain optimistic about XRP’s long-term prospects.

BarriC, a prominent analyst, has highlighted XRP’s dramatic performance during the 2017–2018 market cycle. In early 2017, XRP was trading at approximately $0.0055. Over the following nine months, it experienced substantial gains, reaching an all-time high of $3.80 in January 2018. This climb represented an increase of nearly 69,000%. BarriC uses this past surge to argue that sharp, unexpected price increases are not without precedent for the token.

Matthew Brienen, Chief Operating Officer of CryptoGuard, is among those who believe XRP could eventually reach between $100 and $1,000 over the next decade. His outlook aligns with other bullish commentators who reference XRP’s historical precedent to support long-term growth scenarios.

Despite the optimistic outlook, many experts remain skeptical that XRP can replicate this level of growth, particularly to the extent of reaching $1,000. Critics highlight the issue of market capitalization. At that price, XRP’s fully diluted valuation would approach $100 trillion, several times higher than the total market capitalization of gold, which is widely regarded as one of the most valuable global assets.

Financial commentator Rajat Soni has strongly dismissed such projections, stating that even targeting $100 is fundamentally unrealistic. He has gone so far as to question the rationality of those who believe such valuations are feasible. While projections of XRP reaching $1,000 are widely resisted by financial analysts, proponents like BarriC remain confident that history could repeat itself.

Drawing parallels to the asset’s 2017–2018 rally, they maintain that what once seemed improbable ultimately became reality. Whether XRP can achieve similar results again remains a subject of intense debate within the crypto community.