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

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

Over the past quarter, XRP has maintained a largely sideways trading pattern, fluctuating between localized highs of around $3 and lows near $1.60. This extended period of consolidation has sparked both doubt and hope within the community. While some market observers view this stagnation as a signal of limited growth, others, including analysts such as BarriC, remain optimistic about XRP’s long-term trajectory.

BarriC’s perspective is rooted in XRP’s dramatic performance in the previous market cycle. In early 2017, XRP was trading at approximately $0.0055. Over the following nine months, it experienced a series of substantial gains, culminating in an all-time high of $3.80 in January 2018. This climb represented a staggering increase of nearly 69,000%. Notably, the asset did not follow a straight trajectory to its peak. Initial momentum carried the price up to nearly $0.40 by May 2017, followed by a period of consolidation that lasted until late in the year. The next leg of the rally began in November and drove XRP to its record high in January 2018. 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 continue to reference XRP’s historical precedent to support long-term growth scenarios.

Despite the optimistic outlook, many experts remain unconvinced 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 met with significant resistance from 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.