Crypto expert Crypto Dyl has revealed how high the XRP price could achieve if it were to repeat its historic rise in 2017. This comes amid former Ripple CTO David Schwartz’s statement addressing predictions that the altcoin could rise to $10,000.
Expert Reveals XRP Price Target If It Reflects 2017 Peak
In one X messageCrypto Dyl stated that the The expert added that XRP had decoupled from Bitcoin before its launch SEC lawsuit against Ripplewho contributed to this rally.
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Crypto expert SMQKE had hinted recently to the price increase of XRP in 2017, noting that this was something important for XRP investors to remember. He highlighted how XRP delivered nearly 350x returns during the period, compared to Bitcoin and Ethereum, which rose 14x and 100x respectively.
SMQKE stated that XRP was able to achieve such massive returns without Ripple making a major acquisition at the time to expand the token’s use case. As such, he believes that the XRP price is better positioned to make bigger gains than it was back then Ripple has made major acquisitions which have strengthened the use case of the token.
However, amid this bullish outlook for the XRP price, crypto expert ChartNerd has warned about ultra-bullish price targets for the altcoin. He stated that the overly ambitious price targets being set for XRP are much “more dangerous and unrealistic” than the predictions of a decline below $1, which are based on historical data.
Former Ripple CTO Comments on $10,000 XRP Prediction
In one X messageFormer Ripple CTO David Schwartz suggested that an XRP price increase to $10,000 will likely never happen. He argued that if there were a few “very rich, very rational” people who really believed there was a 1% chance that XRP could achieve this goal in ten years they would be bidding at least $20 for the altcoin today.
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In the meantime, he also addressed assumptions that Ripple had ways to drive the XRP price higher. He noted that they have explained what they are doing, why they are doing it and what they hope to achieve. The former Ripple CTO added that they are not hiding any major conspiracy about XRP, even if they are not transparent about everything. Schwartz also indicated that there is no way they would have waited so long if they had indeed had ways to increase the price of XRP.
At the time of writing, the XRP price is trading around $1.38, up in the past 24 hours, according to facts from CoinMarketCap.
Featured image from Adobe Stock, chart from Tradingview.com