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Xena, a notable XRP community pundit, has observed a shifting sentiment among community members wherein the $100 target price is now considered attainable.
In a recent post on X, she claimed that XRP enthusiasts increasingly see the ambitious $100 price for XRP reachable within a few years, deviating from previous sentiments suggesting a decade timeline with a touch of doubt.
According to her, just weeks ago, the consensus among many was that hitting $10 would be a long shot, possibly not happening until 2030. However, recent developments and announcements have significantly influenced some to reconsider their stance, she claimed.
Recent Developments Impacting XRP Sentiments
Indeed, the XRP ecosystem has seen crucial announcements in recent weeks, particularly from Ripple. The latest is the notification to natively introduce smart contracts to the XRP Ledger blockchain.
This feature has been lacking in the XRP Ledger, and some have attributed XRP’s poor price performance to its absence. Smart contracts would make the blockchain more DeFi-friendly, onboard more users, and unlock more functionalities crucial for price growth.
Notably, smart contracts have been a key selling point for blockchains like Ethereum, which is reflected in ETH’s price.
Ripple announced its move to pursue smart contracts on Monday. While the XRP price surged following the announcement, defying the bearish sentiment in the broader market, it quickly lost momentum.
Before this smart contract announcement, Ripple collaborated with SBI Digital Commodity in August to drive the adoption of XRPL. Likewise, despite the promising collaboration, the price of XRP failed to experience a significant boost.
In the same August, the long-running Ripple lawsuit saw its final ruling, with the company largely emerging victorious. Notably, the development boosted the value of XRP for a few days before the momentum evaporated.
Nevertheless, Xena believes these recent developments have significantly shifted perspectives within the community. She stressed that even those who once doubted XRP’s potential to climb past $10 are now entertaining the idea of much higher targets amid the string of positive news since August.
However, Xena points out a deeper dynamic within the community, suggesting that some early skepticism may have been more of a strategic play to encourage doubt in others rather than genuine disbelief in XRP’s long-term potential.
Doubt Still Lingers on XRP Reaching $100
Yet, her latest observation concerning a shifting sentiment towards the $100 price point is not widely welcomed. Responding to her post, many have expressed disagreement, with some saying she is merely dreaming.
Whatever this chick is smoking, I want some. https://t.co/VisH23T6xQ
— TimmyNips (@SurSugarTits) September 6, 2024
For context, XRP is trading around $0.54 today. To reach $100, XRP needs to soar by over 18,410%.
Many consider this far-fetched and out of reality. Meanwhile, believers in this price point cite 2017, when XRP saw more than three times this percentage growth within a year.