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 about X, responding to critics who questioned his bullish goals for XRP. Maximus initially sparked a conversation by stating that XRP influencers had “ruined” their lives by promoting overly optimistic price targets.
Critic @Phoddler pointed out that Maximus himself is guilty of a similar crime, highlighting his previous prediction for XRP of $35.
However, Maximus countered that he is a long-term XRP trader and is very bullish on the asset. He noted that his optimistic goals depend on whether XRP overcomes long-standing resistance levels.
Still, Fodler argued that a $30 to $35 or even $7 goal for XRP is “ridiculous” and unachievable. According to him, XRP is more likely to fall to $0.30 than rise to $7.
https://x.com/thecryptabasic
In response, Maximus explained that the $35 target represents a “bigger move” for XRP and represents the most optimistic level, while $7 is a more conservative outlook. He insisted that these price predictions are not ridiculous and will remain illusory until XRP breaks out of its long-term downtrend.
Is $30-$35 a ridiculous goal? This is a larger price move of $30-35 measured. $7 is less than the measured value. I am a trader and have one long term bag $xrp. It was crooked until the breakout. The difference is that I’m honest about it. A missed opportunity is a missed opportunity. U Fk. https://t.co/SGXARjCNmt
— Maximus Prime (@RalstonMax) October 22, 2024
What the $7 and $35 price points mean for XRP
Currently, the value of XRP is $0.5303. Reaching $7 would require growth of 1,220%, while the higher goal of $35 would require another massive increase of 6,500%. Notably, XRP’s market capitalization would rise to around $400 billion at a price of $7 and to around $2 trillion at a price of $35.
Notably, these market caps would exceed Ethereum’s current market cap of approximately $307 billion. Similarly, a higher goal would be to exceed Bitcoin’s market cap of approximately $1.3 trillion.
Although Maximus argued that such an extraordinary market capitalization for XRP is achievable, other analysts have used these implications to determine that such a goal is unrealistic.
Why $35 is ‘not ridiculous’ for XRP, according to experts
Interestingly, other analysts who claim that a price above $10 for XRP is achievable often take inspiration from Ethereum.
For example, analyst Credible and Web3Alert founder Nick say people who are skeptical about XRP’s potential will see Ethereum rise to between $7,500 and $10,000, resulting in a market cap of about $1.2 trillion. It is predicted that this is a possibility.
They believe that if Ethereum’s market cap reaches $1.2 trillion, XRP could also reach a similar market cap, especially considering that XRP has rivaled Ethereum in market cap in the past. claims to be reasonable.
Disclaimer: This content is informational and should not be considered financial advice. The views expressed in this article may include the personal opinions of the author and do not reflect the opinions of The Crypto Basic. We encourage our readers to conduct thorough research before making any investment decisions. Crypto Basic is not responsible for any financial losses.
