{"id":552125,"date":"2023-09-20T10:00:19","date_gmt":"2023-09-20T10:00:19","guid":{"rendered":"https:\/\/uniquehot.com\/?p=552125"},"modified":"2024-06-11T07:55:03","modified_gmt":"2024-06-11T07:55:03","slug":"10000-xrp-price","status":"publish","type":"post","link":"https:\/\/uniquehot.com\/news\/ripple\/10000-xrp-price\/","title":{"rendered":"Is $10,000 Possible For XRP Price? Crypto Analysts Weigh In"},"content":{"rendered":"<p class=\"p2\">The possibilities of how high the XRP price can go has triggered heated debate among crypto community members over the past week. <a href=\"https:\/\/uniquehot.com\/analysis\/xrp\/xrp-price-prediction-10000\/\">One particular forecast<\/a> put the price of the cryptocurrency as high as $10,000 as <a href=\"https:\/\/uniquehot.com\/analysis\/xrp\/ripple-cto-xrp-price-predictions\/\">Ripple<\/a> advances in the payments sector. However, the validity of this prediction is still heavily debated, leading crypto analysts to weigh in on whether this price point is possible.<\/p>\n<h2 class=\"p2\">Analyst Explains Why $10,000 Is Not Possible<\/h2>\n<p class=\"p2\">One analyst who has weighed in on the XRP price to $10,000 debate is Zach Rector. Following the circulation of predictions that the <a href=\"https:\/\/uniquehot.com\/analysis\/xrp\/ripple-control-xrp-price\/\">altcoin<\/a> could rise to this level, Rector came forward to explain why he doesn\u2019t believe that the XRP price can climb that high.<\/p>\n<div class=\"related-reading-shortcode\">Related Reading: <a href=\"https:\/\/uniquehot.com\/analysis\/xrp\/milestone-bullish-xrp-price\/\">Incoming Milestone Could Be Very Bullish For XRP Price, Here\u2019s Why<\/a><\/div>\n<p class=\"p2\">In the <a href=\"https:\/\/x.com\/ZachRector7\/status\/24252862?s=20\" rel=\"nofollow\">post<\/a> that was made on X (formerly Twitter), Rector points toward a currency reset and debt restructuring as the reason behind his belief. According to him, both a Currency Reset and Debt Restructuring would have to take place before the altcoin can mount such a rally.<\/p>\n<p class=\"p2\">Explaining further, Rector points toward both of these taking place before the cryptocurrency could even rise to a much lower price point of $50. So he believes that instead of putting forward such price predictions, the question to be asked is, \u201cHow high will XRP go before we have a RESET?\u201d<\/p>\n<p class=\"p2\">Another X user chimed in in response to Rector\u2019s tweet to say it is possible for the XRP price to reach $10,000. However, they believe that this will only happen if the current high inflation rates are maintained. In a follow-up tweet, the user gives XRP a 5% chance of actually reaching $10,000.<\/p>\n<p class=\"p2\">\u201c$10,000 is possible but that would be assuming that we maintain this disastrous inflation rate, XRP becomes worldwide cross border payment currency of choice with no competition, and Tokenization takes place and at least 10-20% of one of the top 10 markets worldwide utilizes XRP,\u201d the <a href=\"https:\/\/x.com\/MohFitX\/status\/16528616?s=20\" rel=\"nofollow\">tweet<\/a> reads.<\/p>\n<h2 class=\"p2\">Why The Sudden Bullishness On XRP Price?<\/h2>\n<p class=\"p2\">Indicators and investors alike first turned bullish for the XRP price following <a href=\"https:\/\/bitcoinist.com\/ripple-judge-deems-xrp-sale-non-investment-contract\/\" rel=\"nofollow\">Ripple\u2019s victory over the United States Securities and Exchange Commission (SEC)<\/a> in July. The price of the coin had risen over 60% in the days following the ruling as interest ballooned.<\/p>\n<div class=\"related-reading-shortcode\">Related Reading: <a href=\"https:\/\/uniquehot.com\/analysis\/xrp\/ripple-cto-xrp-price-predictions\/\">Ripple CTO Explains Company\u2019s Stance On Debunking Outrageous XRP Price Predictions<\/a><\/div>\n<p class=\"p2\">The token\u2019s rally has since slowed down since then, wiping the majority of its gains from the ruling. However, crypto analysts remain bullish. One <a href=\"https:\/\/uniquehot.com\/analysis\/xrp\/xrp-price-130\/\">analyst<\/a> put the XRP price at $130, while another <a href=\"https:\/\/bitcoinist.com\/xrp-price-500\/\" rel=\"nofollow\">analyst sees it going as high as $500<\/a>.<\/p>\n<p class=\"p2\">XRP\u2019s trading volumes, which have been nearly consistent above $1 billion, also show that investors are heavily involved in the coin. This sustained bullishness is further fueled by Ripple\u2019s exploits in the payments sector, as well as working with various countries on their Central Bank Digital Currencies (CBDCs).<\/p>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter size-medium\" src=\"https:\/\/www.tradingview.com\/x\/ye7bTVng\/\" alt=\"Ripple XRP price chart from Tradingview.com (XRP $10,000)\" width=\"2884\" height=\"1746\"><\/p>\n<pre style=\"text-align: center\">XRP steadies above $0.51 | Source: <a href=\"http:\/\/Tradingview.com\" rel=\"nofollow\">XRPUSD on Tradingview.com<\/a><\/pre>\n<div class=\"disclaimer-shortcode\">Featured image from Yahoo Finance, chart from Tradingview.com<\/div>\n","protected":false},"excerpt":{"rendered":"<p>The possibilities of how high the XRP price can go has triggered heated debate among crypto community members over the past week. One particular forecast put the price of the cryptocurrency as high as $10,000 as Ripple advances in the payments sector. However, the validity of this prediction is still heavily debated, leading crypto analysts to weigh in on whether this price point is possible. Analyst Explains Why $10,000 Is Not Possible One analyst who has weighed in on the XRP price to $10,000 debate is Zach Rector. Following the circulation of predictions that the altcoin could rise to this level, Rector came forward to explain why he doesn\u2019t believe that the XRP price can climb that high. Related Reading: Incoming Milestone Could Be Very Bullish For XRP Price, Here\u2019s Why In the post that was made on X (formerly Twitter), Rector points toward a currency reset and debt restructuring as the reason behind his belief. According to him, both a Currency Reset and Debt Restructuring would have to take place before the altcoin can mount such a rally. Explaining further, Rector points toward both of these taking place before the cryptocurrency could even rise to a much lower price point of $50. So he believes that instead of putting forward such price predictions, the question to be asked is, \u201cHow high will XRP go before we have a RESET?\u201d Another X user chimed in in response to Rector\u2019s tweet to say it is possible for the XRP price to reach $10,000. However, they believe that this will only happen if the current high inflation rates are maintained. In a follow-up tweet, the user gives XRP a 5% chance of actually reaching $10,000. \u201c$10,000 is possible but that would be assuming that we maintain this disastrous inflation rate, XRP becomes worldwide cross border payment currency of choice with no competition, and Tokenization takes place and at least 10-20% of one of the top 10 markets worldwide utilizes XRP,\u201d the tweet reads. Why The Sudden Bullishness On XRP Price? Indicators and investors alike first turned bullish for the XRP price following Ripple\u2019s victory over the United States Securities and Exchange Commission (SEC) in July. The price of the coin had risen over 60% in the days following the ruling as interest ballooned. Related Reading: Ripple CTO Explains Company\u2019s Stance On Debunking Outrageous XRP Price Predictions The token\u2019s rally has since slowed down since then, wiping the majority of its gains from the ruling. However, crypto analysts remain bullish. One analyst put the XRP price at $130, while another analyst sees it going as high as $500. XRP\u2019s trading volumes, which have been nearly consistent above $1 billion, also show that investors are heavily involved in the coin. This sustained bullishness is further fueled by Ripple\u2019s exploits in the payments sector, as well as working with various countries on their Central Bank Digital Currencies (CBDCs). XRP steadies above $0.51 | Source: XRPUSD on Tradingview.com Featured image from Yahoo Finance, chart from Tradingview.com<\/p>\n","protected":false},"author":594,"featured_media":552128,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[16894],"tags":[33424,167,89447,3680,17209,4531,89446,89310,83637,13172,16289,10972,78763],"class_list":["post-552125","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-ripple","tag-33424","tag-analyst","tag-crypto-analysts","tag-ripple","tag-ripple-news","tag-xrp","tag-xrp-10","tag-xrp-analyst","tag-xrp-news","tag-xrp-price","tag-xrp-price-prediction","tag-xrpusd","tag-xrpusdt"],"acf":[],"yoast_head":"\n<title>Is $10,000 Possible For XRP Price? 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During this time, Scott has been able to author countless influential pieces that have drawn in millions of readers and have shaped public opinion across various important topics. His repertoire spans hundreds of articles on various sectors in the crypto industry, including decentralized finance (DeFi), decentralized exchanges (DEXes), Staking, Liquid Staking, emerging technologies, and non-fungible tokens (NFTs), among others. Scott\u2019s influence is not just limited to the countless discussions that his publications have sparked but also as a consultant for major projects in the space. He has consulted on issues ranging from crypto regulations to new technology deployment. Scott\u2019s expertise also spans community building and contributes to a number of causes to further the development of the crypto industry. Scott is an advocate for sustainable practices within the crypto industry and has championed discussions around green blockchain solutions. 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Having witnessed the evolving landscape of the crypto world firsthand, Scott is able to dissect complex crypto topics and present them in an accessible and engaging manner. Scott's dedication to clarity and accuracy has made him an indispensable asset, helping to demystify the complex world of cryptocurrency for countless readers. Scott\u2019s experience spans a number of industries outside of crypto including banking and investment. He has brought his vast experience from these industries into crypto, which allows him to understand even the most complex topics and break them down in a way that is easy for readers from all works of life to understand. Scott\u2019s pieces have helped to break down cryptocurrency processes and how they work, as well as the underlying groundbreaking technology that makes them so important to everyday life. With years of experience in the crypto market, Scott began to focus on his true passion: writing. During this time, Scott has been able to author countless influential pieces that have drawn in millions of readers and have shaped public opinion across various important topics. His repertoire spans hundreds of articles on various sectors in the crypto industry, including decentralized finance (DeFi), decentralized exchanges (DEXes), Staking, Liquid Staking, emerging technologies, and non-fungible tokens (NFTs), among others. Scott\u2019s influence is not just limited to the countless discussions that his publications have sparked but also as a consultant for major projects in the space. He has consulted on issues ranging from crypto regulations to new technology deployment. Scott\u2019s expertise also spans community building and contributes to a number of causes to further the development of the crypto industry. Scott is an advocate for sustainable practices within the crypto industry and has championed discussions around green blockchain solutions. His ability to keep in line with market trends has made his work a favorite among crypto investors. In his personal life, Scott is an avid traveler and his exposure to the world and various way of life has helped him to understand how important technologies like the blockchain and cryptocurrencies are. This has been key in his understanding of its global impact, as well as his ability to connect socio-economic developments to technological trends around the globe like no one else. Scott is known for his work in community education to help people understand crypto technology and how its existence impacts their lives. He is a well-respected figure in his community, known for his work in helping to enlighten and inspire the next generation as they channel their energies into pressing issues. His work is a testament to his dedication and commitment to education and innovation, as well as the promotion of ethical practices in the rapidly developing world of cryptocurrencies. Scott stands steady in the frontlines of the crypto revolution and is committed to helping to shape a future that promotes the development of technology in an ethical manner that translates to the benefit of all in the society.","sameAs":["https:\/\/x.com\/https:\/\/twitter.com\/MathersonScott"],"url":"https:\/\/uniquehot.com\/author\/mathersonscott1\/"}]}},"parsely":{"version":"1.1.0","meta":{"@context":"https:\/\/schema.org","@type":"NewsArticle","headline":"Is $10,000 Possible For XRP Price? 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