Veteran Analyst Says XRP 89,100% Price Isn't Just a Dream. Here's why

Veteran crypto analyst Crypto Bitlord has shared a highly ambitious projection for XRP, suggesting that the digital asset could reach as high as $2,500.

The comment was accompanied by a chart showing XRP/USD currently trading at approximately $2.8, up 1.25% on the day. The chart also illustrates previous massive upward moves with annotations of large percentage gains and emojis to symbolize potential future momentum.

Because a pump like 2017 would easily clear $2,000. Fact: The yearly resistance is now free, so expect vertical price discovery.” The analyst’s mention of “vertical price discovery” points to a view that the removal of significant resistance levels on long-term charts could allow for rapid, significant price increases as new territory is explored.

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Other Analysts Question the Feasibility

Reactions to Bitlord’s forecast varied considerably among other users in the crypto community. Another analyst, TM Research, acknowledged the possibility of a strong move but expressed skepticism toward the $2,500 figure.

STU’s comment highlights a common argument against high price targets for XRP, pointing out that the implied fully diluted valuation at such levels would exceed the combined value of major global markets. This is a scenario many consider unrealistic.

Chart Annotations Highlight Historical Surges

The chart shared by Crypto Bitlord included several notable annotations. It showed previous vertical price movements of over 80,000% and 84,000% on large green candlesticks, marked with arrows.

These were paired with emojis of a gorilla, a sloth, and a hatching chick, likely meant to symbolize phases of strength, patience, and new beginnings, respectively. The current price action at $2.69 was highlighted, indicating that, in his view, XRP is poised for another large move upward now that historical resistance has been cleared.

A Divided Outlook on XRP’s Long-Term Trajectory

Crypto Bitlord’s prediction expresses his belief that XRP retains the potential for extreme upward movement, provided conditions similar to those in 2017 are replicated.

However, other voices in the community continue to caution that such lofty price targets could mislead investors if not critically examined. As XRP trades just under $3, the debate over its longer-term trajectory remains prominent among analysts and traders alike.

Disclaimer*: This content is meant to inform and should not be considered financial advice. The views expressed in this article may include the author’s personal opinions and do not represent Times Tabloid’s opinion. Readers are advised to conduct thorough research before making any investment decisions. Any action taken by the reader is strictly at their own risk. Times Tabloid is not responsible for any financial losses.*