Tony Edward, the host and founder of the Thinking Crypto Podcast, has recently commented on the ongoing discussion about the outlook for XRP in this cycle amid its recent turnaround.
In the past four weeks, XRP has experienced a 4X price surge, reaching $2.50 again after seven years of trading below this level. The speed with which it attained this feat has reignited optimism of ambitious analysts about XRP’s prospects. Some call for far higher double-digit prices, while others even target triple-digit values.
Edward joined the conversation by disclosing his price prediction for XRP, estimating it will reach between $5 and $8. While he remains open to the possibility that XRP could slightly exceed this range, he views this as a realistic and safe projection for the current market cycle.
XRP Predictions of $589 to $10,000 Targets Are Fantasy
Meanwhile, Edward expressed strong skepticism about the more extreme price forecasts that have circulated in recent weeks. According to him, analysts predicting astronomical figures, like $10,000 for XRP, are delusional. “People calling for $589, $1,000, or $10,000 are out of their minds,” he said.
At press time, XRP is experiencing a pullback, trading at $2.30. To reach $5 from the current level, XRP would need to grow by 118%. Meanwhile, the upper target of $8 requires a growth of 248%.
Given that XRP has seen more substantial growth than these levels since November, some market commentators disagree with a peak of $5 to $8.
Commentators argue that Edward may not fully grasp XRP’s potential. Others insisted that calling for an $8 peak is too early since the bull market could endure for another 12 months.
Factor Fueling Ambitious Outlooks for XRP
X user Erick von Schulz remarked that while Edward’s conservative estimate would normally be accurate, he cited upcoming developments that call for a revised outlook.
Specifically, Schulz believes the arrival of the RLUSD stablecoin on XRP’s blockchain this month, coupled with seven years of price suppression, increasing institutional adoption, and the expected ETFs, are massive bullish catalysts that could drive XRP to much higher prices.
Accordingly, Schulz noted that he has revised his target for XRP to $15+ and will adjust it further as new information becomes available.
Notably, market commentators calling for more conservative outlooks believe that as XRP climbs higher, its explosive price potential will progressively decrease as its market cap expands. As a result, they consider overly optimistic targets unrealistic for the short term.