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Several entities, including crypto exchange Changelly and Telegaon, have projected timelines for $XRP to reach a price range of $100 to $300.
$XRP continues to trade at the mercy of the bears, down 14% this year while other assets have recorded substantial growth. The underperformance has been attributed to a price suppression triggered by Ripple’s sales and the ongoing SEC lawsuit. However, these claims remain speculative.
$XRP Suffers Price Suppression
Ripple CTO David Schwartz has continuously argued against the idea that this suppression comes from Ripple’s periodic sales of $XRP. Meanwhile, despite the ongoing debate, several analysts expect $XRP to repeat its 2017 price run, which saw it soar 48,823% after initially underperforming.
Market watchers have set multiple targets for $XRP for when it records a similar price upsurge. Crypto analyst EGRAG maintains that $XRP could reach $27 when it registers its meteoric surge. Meanwhile, another analyst CryptoBull sees prices spiking to as high as $154.
As these projections spring up, some commentators have dismissed them, while others continue to anticipate an eventual uptrend to clinch even a fraction of the targets. Amid the mixed sentiments, several entities have come up to project timelines in which $XRP might reach some of these targets, specifically $100 to $300.
Projected Timelines for $100 to $300 Price Range
For instance, analysts at Changelly see $XRP reaching $100 in April 2040, expecting it to trade at an average price of $104.62. These analysts believe $XRP would continue to soar in price after crossing the $100 mark, predicting it to eventually break $200 in August 2040 and then reach $300 in December of that year.
Meanwhile, researchers at crypto prediction resource Telegaon are less optimistic about $XRP than Changelly analysts. In a recent analysis, the Telegaon team only sees $XRP reaching $100 in 2050, 26 years from now. They have no projected timeline for $XRP to hit $200 or even $300.
Despite the less optimistic outlook, Telegaon remains more bullish on $XRP than CoinCodex, a market analysis platform. Interestingly, CoinCodex expects $XRP to continue underperforming in this cycle and in subsequent cycles. They predict $XRP to only hit $2.45 as its highest price in 2029 and $1.7 in 2030, suggesting that it would not surpass its ATH of $3.84 in the next 16 years.
The Crypto Basic has also called attention to multiple predictions in the past suggesting that $XRP could reach prices between $100 and $300. Analyst Javon Marks projected that $XRP is capable of hitting $200 on the back of a massive coil pattern.
Moreover, Block Bull, another market analyst, recently asserted that $XRP could reach $250 in this market cycle, specifically in 2025. EGRAG also suggested earlier this year that $XRP has the potential to reach $220. Notably, $XRP currently changes hands at $0.5296, down 2% over the last 24 hours.