Ralston Maximus, a trader with decades of market experience, believes some of the most ambitious XRP price targets are not unreasonable in this bull market.
He expressed this bold perspective in a post on X, responding to a critic who questioned his bullish targets for XRP. Maximus initially sparked the conversation by stating that XRP influencers have “ruined” lives by promoting overly optimistic price targets.
The critic, @Phoddler, pointed out that Maximus himself is guilty of the same, highlighting his previous forecast of $35 for XRP.
However, Maximus countered that he is a trader with a long-term investment in XRP and is extremely bullish on the asset. He noted that his optimistic targets are contingent on XRP overcoming its long-standing resistance levels.
Still, Phoddler insisted that a target of $30 to $35—or even $7—is “ridiculous” and unattainable for XRP. According to him, XRP is more likely to tank to $0.30 than rise to $7.
In response, Maximus explained that the $35 target represents “the larger measured move” for XRP, indicating his most optimistic level, while $7 is a more conservative outlook. He insisted that these price projections are not ridiculous, emphasizing that they will remain a mirage until XRP breaks out of its prolonged downtrend.
How the fuck is $30-35 a ridiculous target? It’s the larger measured move $30-35. $7 is the smaller measured move. I’m a trader with my one long term bag $xrp. We got bent up until breakout. The difference is I’m honest about it. Missed opportunity is missed opportunity. U Fk.
— Maximus Prime (@RalstonMax) October 22, 2024
What $7 and $35 Price Points Mean for XRP
Currently, XRP is valued at $0.5303. Reaching $7 would require a growth of 1,220%, while the higher target of $35 would necessitate an even more substantial increase of 6,500%. Notably, XRP’s market cap would rise to approximately $400 billion at the $7 price, and $2 trillion at $35.
Notably, these market caps would exceed Ethereum’s current market cap, which is approximately $307 billion. Similarly, the higher target would surpass Bitcoin’s market cap of about $1.3 trillion.
While Maximus argued that such extraordinary market caps are attainable for XRP, other analysts have used these implications to label such targets unrealistic.
Why $35 is “Not Ridiculous” for XRP, According to Experts
Interestingly, other analysts who argue that a price above $10 is attainable for XRP often draw inspiration from Ethereum.
For instance, analysts Credible and Nick, founder of Web3Alert, have pointed out that skeptics of XRP’s potential often predict Ethereum could rise to $7,500–$10,000, resulting in a market cap of around $1.2 trillion.
They argue that if a $1.2 trillion market cap is attainable for Ethereum, it is rational to assume XRP could achieve a similar trillion-dollar market cap, especially since XRP has rivaled Ethereum in market cap in the past.
DisClamier: This content is informational and should not be considered financial advice. The views expressed in this article may include the author’s personal opinions and do not reflect The Crypto Basic opinion. Readers are encouraged to do thorough research before making any investment decisions. The Crypto Basic is not responsible for any financial losses.
