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Here’s How High The XRP Price Will Be If It Repeats The 2017 Surge
TL;DR
Crypto Dyl predicts XRP could soar to $1,044 if it mirrors its 2017 surge, which saw a 768x gain. This speculation follows comments from former Ripple CTO David Schwartz about potential price rallies.
Key points
- Crypto Dyl predicts XRP could reach $1,044
- XRP had a 768x gain during its 2017 surge
- Supply shock contributed to XRP's price increase
- XRP decoupled from Bitcoin before the SEC lawsuit
- XRP delivered nearly 350x returns compared to Bitcoin and Ethereum
Crypto pundit Crypto Dyl has revealed how high the XRP price could reach if it replicates its historical surge in 2017. This comes amid former Ripple CTO David Schwartz’s statement in which he addresses predictions that the altcoin could rally to $10,000.
Pundit Reveals XRP Price Target If It Mirrors 2017 Surge
In an X post, Crypto Dyl stated that the XRP price could rally to $1,044 if it sees another supply shock and records a 768x gain as it did in 2017. He noted that in 2017, the altcoin rallied from $0.005 to $3.84 due to a supply shock. The pundit added that XRP had decoupled from Bitcoin prior to the SEC’s lawsuit against Ripple, which helped contribute to this rally.
Crypto pundit SMQKE had recently alluded to the XRP price surge in 2017, noting that this was something important for XRP investors to remember. He highlighted how XRP delivered nearly 350x returns during the period, compared to Bitcoin and Ethereum, which gained 14x and 100x, respectively.
SMQKE stated that XRP was able to achieve such massive returns without Ripple making any major acquisition at the time to boost the token’s use case. As such, he believes that the XRP price is better positioned to record more significant gains than it was back then, since Ripple has made major acquisitions that have boosted the token’s use case.
However, amid these bullish outlooks for the XRP price, crypto pundit ChartNerd has warned about ultra-bullish price targets for the altcoin. He stated that the overly ambitious price targets being thrown around for XRP are far more “dangerous and unrealistic” than the predictions of a drop below $1, which are grounded in historical data.
Former Ripple CTO Comments On $10,000 XRP Prediction
In an X post, former Ripple CTO David Schwartz suggested that an XRP price rally to $10,000 as unlikely to ever happen. He stated that if there were a few “very rich, very rational” people who really believed that there was a 1% chance that in ten years, they would be bidding the altcoin up to at least $20 today.
Q&A
What price could XRP reach if it replicates its 2017 performance?
If XRP replicates its 2017 surge, it could reach as high as $1,044.
What factors contributed to XRP's price surge in 2017?
XRP's 2017 surge was driven by a supply shock and its decoupling from Bitcoin prior to the SEC's lawsuit against Ripple.
How did XRP's returns compare to Bitcoin and Ethereum in 2017?
In 2017, XRP delivered nearly 350x returns, while Bitcoin and Ethereum gained 14x and 100x, respectively.
