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Ralston Maximus, a trader with decades of market experience, believes some of the most ambitious $XRP price targets are not unreasonable in this bull market.
He expressed this bold perspective in a post on X, responding to a critic who questioned his bullish targets for $XRP. Maximus initially sparked the conversation by stating that $XRP influencers have “ruined” lives by promoting overly optimistic price targets.
The critic, @Phoddler, pointed out that Maximus himself is guilty of the same, highlighting his previous forecast of $35 for $XRP.
However, Maximus countered that he is a trader with a long-term investment in $XRP and is extremely bullish on the asset. He noted that his optimistic targets are contingent on $XRP overcoming its long-standing resistance levels.
Still, Phoddler insisted that a target of $30 to $35—or even $7—is “ridiculous” and unattainable for $XRP. According to him, $XRP is more likely to tank to $0.30 than rise to $7.
In response, Maximus explained that the $35 target represents “the larger measured move” for $XRP, indicating his most optimistic level, while $7 is a more conservative outlook. He insisted that these price projections are not ridiculous, emphasizing that they will remain a mirage until $XRP breaks out of its prolonged downtrend.
How the fuck is $30-35 a ridiculous target? It’s the larger measured move $30-35. $7 is the smaller measured move. I’m a trader with my one long term bag $xrp. We got bent up until breakout. The difference is I’m honest about it. Missed opportunity is missed opportunity. U Fk. https://t.co/SGXARjCNmt
— Maximus Prime (@RalstonMax) October 22, 2024
What $7 and $35 Price Points Mean for $XRP
Currently, $XRP is valued at $0.5303. Reaching $7 would require a growth of 1,220%, while the higher target of $35 would necessitate an even more substantial increase of 6,500%. Notably, $XRP’s market cap would rise to approximately $400 billion at the $7 price, and $2 trillion at $35.
Notably, these market caps would exceed Ethereum’s current market cap, which is approximately $307 billion. Similarly, the higher target would surpass Bitcoin’s market cap of about $1.3 trillion.
While Maximus argued that such extraordinary market caps are attainable for $XRP, other analysts have used these implications to label such targets unrealistic.
Why $35 is “Not Ridiculous” for $XRP, According to Experts
Interestingly, other analysts who argue that a price above $10 is attainable for $XRP often draw inspiration from Ethereum.
For instance, analysts Credible and Nick, founder of Web3Alert, have pointed out that skeptics of $XRP’s potential often predict Ethereum could rise to $7,500–$10,000, resulting in a market cap of around $1.2 trillion.
They argue that if a $1.2 trillion market cap is attainable for Ethereum, it is rational to assume $XRP could achieve a similar trillion-dollar market cap, especially since $XRP has rivaled Ethereum in market cap in the past.