Recent market dynamics have done just that for various reasons as to why the XRP price is programmed to skyrocket to double and triple digits. However, a supporter known as Remi Relief recently outlined a case for a four-figure XRP valuation, arguing that several unfolding events could lay the groundwork for a move towards $1,200 and even above.
Remi Relief’s XRP Price Outlook is based on a combination of upcoming regulations, geopolitical developments and long-term pattern comparisons to XRP’s historic rally in 2017/2018.
The Clarity Act and regulatory momentum
According to XRP supporter Remi Relief, The price of XRP will exceed $1,000 at the end of the cycle. This bullish outlook is based on how XRP reacts after the proposed Clarity Act is finally over. The Clarity Act is an anticipated market structure law that supporters believe could define clearer rules for digital assets in the United States and remove uncertainty surrounding crypto regulation, including XRP. Ripple CEO Brad Garlinghouse bet on the Clarity Act should be signed into law in April.
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However, Remi Relief noted that US President Donald Trump wants progress in passing the legislation as early as March 1. Under this view, regulatory clarity would significantly benefit Ripple Labs and, by extension, XRP.
Advocates like Remi Relief believe that once legal frameworks are strengthened, institutional players that have done so will now be incentivized to commit more capital to the crypto industry. As an institutional, finance-focused cryptocurrency, XRP is well positioned for donning a meaningful part of the large-scale influx of financial institutions entering the crypto market.
Another important point is with Ripple Treasury, which was recently introduced by GTtreasury. Remi Relief noted that the platform processed $13 trillion in payments last year, none of which were processed via crypto rails. Imagine how much this would impact XRP demand if even a fraction of that transaction volume migrated to the XRP Ledger.
The 2017/2018 fractal and the $1,697 projection
XRP’s price action may currently be stuck below $1.50, but several technical analyzes show this is still the case following price plays before bullish rallies in previous years. Remi Relief believes this is certainly the case, and a parabolic move is coming, with XRP at $1,697.27 if the cryptocurrency follows suit pattern as the 2017/2018 cycle.
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According to the analyst, a target of $1200-$1700 is not only possible for XRP, but is also a conservative view. This plays into a prevailing sentiment where the $1,200 path is a high-conviction proposition among a portion of the XRP community. Some XRP proponents even believe so arguments for market capitalization of XRP reaching extravagant price targets such as $1,000 and even five figures at $10,000 are misleading.
Featured image from Freepik, chart from Tradingview.com