Crypto expert XRP Queen has a XRP price target of $10 as too low, claiming that this target was from a retail investor perspective. She also suggested how high the altcoin could go from an institutional perspective.
Expert Claims XRP Price Target of $10 Is Too Low
In one X messageXRP Queen stated that people predicting XRP price targets between $10 and $25 are still thinking about retail price targets. This came as she claimed that Ripple has been thinking about global infrastructures. The expert highlighted the company’s steps, including the acquisition of payment and custody infrastructure.
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Additionally, XRP Queen noted that Ripple is integrated with banks, funds and institutions, which it said positions the altcoin for real-time global settlement. The expert also believes that the crypto company has achieved regulatory clarity where it really matters, which is bullish for the XRP price. Finally, she said that Ripple is actively pursuing a full banking license conditional approval received of the Office of the Comptroller of the Currency (OCC).
XRP Queen stated that Ripple’s moves are the way one builds financial sanitary. “Systems don’t move in pennies. They move in orders of magnitude. Join us,” she added. Regarding how high the XRP price could rise based on institutional targets, XRP Queen suggested the following altcoin could reach $100.
In one X messageshe stated that people laugh at a $100 XRP price target because they praise it as a meme, but institutions praise the altcoin-like infrastructure. As such, she believes the altcoin could achieve these price targets based on its utility, especially as it gains popularity as a signifier for real-time global settlement.
CEO of Canary Capital Makes a Bullish Case for XRP
In one YouTube videocrypto expert Cheeky Crypto highlighted a statement from Canary Capital CEO Steven McClurg saying that an XRP price target between $5 and $10 sounds like a lot for a retail trader. However, he believes these price targets are a rounding error when you consider the trillions of dollars of liquidity needed to settle the global settlement. real-world assets (RWAs) to scale.
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Cheeky Crypto also highlighted McClurg’s statement, saying that the XRP Ledger already processes real financial transactions and has real financial use cases, which he claims are attracting the attention of institutions.
The CEO of Canary Capital in particular had recently predicted this XRP would dominate the RWA industry, which is expected to become a multi-billion dollar industry at some point. This could increase the altcoin’s usefulness as the XRP Ledger processes more RWA transactions, driving the XRP price higher.
At the time of writing, the XRP price is trading around $1.95, down in the past 24 hours, according to facts from CoinMarketCap.
Featured image from Pixabay, chart from Tradingview.com