Back in 2016 and 2017, when XRP was worth less than a penny, Ripple’s then-CTO David Schwartz laid out a rough roadmap of what the token could fetch if things went right. Matching Bitcoin’s market share, he said, could push the price to around $2. Capturing a slice of global payments might justify $20. And if adoption grew beyond that, $120 was not out of the question.
XRP has since crossed that threshold several times over. That history is now being used by XRP supporters to defend price targets that critics call absurd. An XRP Ledger validator who goes by the name Vet posted on social media this week that the people routinely mocked for their bold price predictions will likely come out ahead. “Being a dreamer is just too powerful,” Vet wrote, adding that those labeled delusional would win in the end.
The targets being floated are not modest. Reports indicate that XRP holders have been projecting prices anywhere from $100 to $1,000 and beyond, even as the token sits around $1.30 after nearly nine months of declining prices. Two commentators argued in a recent podcast that $1,000 per XRP is achievable within four to five years. Their reasoning pointed to Bitcoin’s track record of exceeding expectations, and the role that narrative and mass adoption play in crypto pricing.
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