thecryptobasic.com
Analyst BarriC recently proposed potential timelines for XRP to attain lofty targets between $1 and $500, noting that in the future, investors would consider XRP’s current price cheap in hindsight.
BarriC has joined the growing roster of market watchers who believe XRP is at the final juncture of buying opportunity. In a recent post on X, he expressed his view that market participants may have limited opportunities to acquire XRP cheaply as the years pass.
XRP at $1, $3, 10 and $15
At the moment, BarriC believes any investor who procures XRP below $0.80 is buying it cheap. Accordingly, he disclosed his anticipation for when XRP would be seen between $1 and $3. Specifically, he argued that a cheap XRP would be between $1 and $3 by the end of this bull season, expected to end by 2025.
There’s only so many opportunities we will be presented to buy cheap $XRP
Currently, cheap #XRP is defined as below $0.80
By the end of this bullrun, cheap $XRP will be anything between $1-$3
By the next halving and bullrun period, 2028-2029 cheap #XRP will be anything between…
— BarriC (@B_arri_C) April 10, 2024
Interestingly, if XRP would be considered cheap at around $3 by the end of this bull run, it suggests the analyst expects XRP to command significantly higher prices at the peak of this market cycle.
In parallel, he envisions XRP recovering from the anticipated low of $3 and surging into the double-digit range before the 2028 Bitcoin halving. As a result, BarriC proposed that the next cheap price for XRP would be between $10 and $15. Specifically, he expects this to be a bargain price for the asset between 2028 and 2029.
At press time, XRP trades at $0.6078, following a 1.27% decline over the past day. A cheap $15 XRP in five years implies the asset must have grown 2,367% from its current low.
XRP Between $100 and $500
Meanwhile, the analyst foresees even higher double-digit price levels beyond 2029. Remarkably, he suggests that XRP could be undervalued even at triple-digit figures like $100.
BarriC asserted that following the subsequent Bitcoin halving, particularly from 2032 to 2033, another opportunity to acquire XRP at a favorable price point will emerge. By then, he anticipates XRP trading within the range of $100 to $500.
Shannon Thorp, a banker and XRP community figure, previously echoed this sentiment, suggesting that even at $500, XRP might still be undervalued.
It is important to note that this hypothetical scenario could potentially place XRP’s fully diluted market capitalization at around $50 trillion.
The analyst’s underlying point from this speculative scenario is that market participants will continually have access to XRP at relatively low prices. However, as he remarked, “It’s your choice what you’re willing to pay for.”