Markets
Here is the expected timeline for this award
Market analysts disagree on the timeline for XRP to reach $305, with some believing it will be next year and others suggesting the next decade.
XRP recently knocked out The cryptocurrency market overcame its unusual passive price movements to emerge among the weekend’s top performers. Specifically, XRP hit $0.5636 on Saturday, marking an 18.8% gain from the intraday low of $0.4744.
Considering the asset bottomed at $0.3911 two weeks ago, XRP has rebounded 44.1% since the sharp drop. Meanwhile, at press time, XRP has stabilized around $0.5336.
While XRP currently costs around half a dollar, ambitious voices within the community have reiterated that XRP will be an asset value greater than three digits one day. Based on this bold popular belief, The Crypto Basic explores the timeline it would take for XRP to reach an ambitious price point like $305.
XRP hits $305
Earlier this month, analyst Heikin Ashi propose a massive 710x surge in XRP price to $305, citing a bullish signal on the monthly time frame. Despite XRP’s poor performance, Ashi believes the cryptocurrency’s candlestick patterns resemble historical trends that preceded major price increases.
He pointed to similar trends in 2014-2015 and 2016-2017, which led to massive gains. Ashi predicts a multi-stage rally, with XRP potentially hitting $1.2, $2, $6, and $16 before reaching $305, a 71,061% increase.
It is worth noting that a price of $305 would elevate XRP’s market cap to around $30.5 trillion.
When XRP Could Hit $305
While Ashi did not explicitly mention a timeline for this bold outlook to materialize, the chart accompanying his analysis suggests a date between 2025 and 2026. However, market observers outside the XRP community do not find this timeline realistic for the $305 price target.
For example, experts from the crypto exchange market Changelly argued that the earliest time frame for XRP to enter the $300 range is by October 2040. Additionally, Changelly analysts have suggested that XRP could have a minimum value of $315.05 by November 2040.
To some extent, OpenAI’s ChatGPT agrees with this view. The AI chatbot first pointed out that the market cap implications for a $300 outlook make the estimate highly speculative and suggested three scenarios accordingly:
First, he stressed that in the short term, one to five years, a $305 outlook for XRP is unlikely. In the medium term, five to ten years, ChatGPT said it was likely but would require significant technological advances.
Meanwhile, in the long term, AI suggested that this was possible if XRP continued to be a dominant force in the cryptocurrency market scene.
Disclaimer: This content is informational and should not be considered financial advice. The opinions expressed in this article may include the personal opinions of the author and do not reflect the opinion of The Crypto Basic. Readers are encouraged to conduct thorough research before making any investment decisions. The Crypto Basic is not responsible for any financial losses.
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