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Market analysts disagree about the timeline for XRP to attain the $305 value, with some believing next year and others suggesting next decade.
XRP recently stunned the crypto market by defying its unusual passive price movements to emerge among the top performers over the weekend. Specifically, XRP hit $0.5636 on Saturday, marking an 18.8% gain from the intraday low of $0.4744.
Considering that the asset hit the bottom of $0.3911 two weeks ago, XRP has rebounded by 44.1% since the landslide dip. Meanwhile, at press time, XRP has settled at around $0.5336.
While XRP currently costs about half a dollar, ambitious voices in the community have reiterated that XRP will be an asset worth above three digits someday. Based on this popular bold belief, The Crypto Basic explores the timeline it could take XRP to reach an ambitious price point like $305.
XRP Reaching $305
Early this month, analyst Heikin Ashi proposed a massive 710x price surge for XRP to $305, citing a bullish signal on the monthly time frame. Despite XRP’s poor performance, Ashi believes the cryptocurrency’s candlestick patterns resemble historical trends that preceded significant price pumps.
He pointed to similar patterns in 2014-2015 and 2016-2017, which led to massive gains. Ashi forecasts a multi-stage rally, with XRP potentially reaching $1.2, $2, $6, and $16 before hitting $305, a 71,061% increase.
Notably, a $305 price point would elevate XRP’s market cap to around $30.5 trillion.
When XRP May Hit $305
While Ashi did not explicitly mention a timeline for this audacious outlook to materialize, the chart accompanying his analysis suggested a date between 2025 and 2026. However, market watchers outside the XRP community do not find this timeline realistic for the $305 price target.
For instance, market pundits at the crypto exchange Changelly argued that the earliest period for XRP to enter the $300 range is by October 2040. Moreover, Changelly analysts suggested that XRP could have a minimum value of $315.05 by November 2040.
To some extent, OpenAI’s ChatGPT agrees with this view. The AI chatbot first stressed that the market cap implications for a $300 outlook make the estimation highly speculative and suggested three scenarios as a result:
First, it highlighted that in the short term of one to five years, a $305 outlook for XRP is unlikely. For the medium term of five to ten years, ChatGPT stated it is likely but would require significant technological breakthroughs.
Meanwhile, on the long-term scale, the AI suggested it is feasible should XRP continue to be a dominant force in the crypto market scene.
