Analyst Says XRP is Giga Bullish, Will Go Anywhere from $100 to $1,000 in 5 to 10 Years – The Crypto Basic

A notable crypto market commentator recently expressed extreme optimism about XRP, arguing that the token’s value could reach four digits.

XRP is among the crypto assets benefiting from Bitcoin’s ongoing recovery, with the rally surging past $2.60 today. Notably, today’s gain has improved XRP’s weekly performance to a substantial 16% increase. Amid this, market observers have expressed strong optimism that higher price levels are ahead.

XRP is Giga Bullish

In a tweet, crypto pundit “Random Crypto Pal” stated that XRP “is giga bullish.” He referenced statements from Matthew Brienen, Chief Operating Officer at CryptoCharged, who argued that XRP has a “highly possible” chance of reaching anywhere from $100 to $1,000 in the coming years.

Brienen shared that XRP is his largest investment, making up half of his portfolio. He revealed that he has been stacking XRP for over five years. Brienen emphasized that his XRP strategy includes short- and long-term plans.

While he intends to sell a substantial portion for profits in the near term, he’s also committed to holding onto some XRP for the next 5–10 years. During this time, Brienen projects XRP’s value to have crossed the three-digit range.

How XRP Could Hit $1,000 Price

Brienen’s long-term confidence in XRP stems from its unique value proposition in the global remittance sector. He highlighted the asset’s potential in revolutionizing money transfers, saying:

“Moving money globally in five seconds for a fraction of a penny is a game-changer.”

As such, Brienen believes that XRP could reach a price range of $100 to $1,000 over the next decade, depending on how market cycles evolve. However, he acknowledged that this timeline could be quicker or longer based on unforeseen factors.

Currently trading at $2.60, reaching a price point of $1,000 would mean a $57 trillion market cap for XRP. Achieving such an astronomical valuation would require a 38,361% increase in value.

Other Analysts’ Views on XRP’s Future Price

Brienen is not alone in predicting significant growth for XRP. Several analysts and community members have expressed similar expectations, with some even forecasting a price of $100 in the near term.

However, there are also more cautious viewpoints. Some experts suggest that such ambitious price points are more likely to occur in the distant future.

Notably, while Brienen is targeting a $1,000 XRP by 2035, analysts from Telegaon suggest that it could take as long as 2050 for XRP to even approach $500.