XRP at $10,000 Unlikely, Expert Says.

XRP Price Predictions

Cryptocurrency commentator BarriC has stated that a surge in the price of XRP to $10,000 is currently unattainable. He also outlined the conditions necessary for the altcoin to potentially reach this level, and even rally to $50,000.

In a post on X, BarriC asserted that XRP’s price cannot reach $10,000 to $50,000 if it remains solely a retail asset, traded on exchanges. He explained that this price trajectory is only possible if XRP becomes integrated into global financial infrastructure.

The commentator elaborated that this could occur if XRP becomes essential to the financial operations of banks and financial institutions worldwide. Once this happens, BarriC predicts that XRP’s price will be permanently elevated, and the altcoin will no longer experience bear market conditions.

BarriC asserted that the XRP price will stabilize at a higher level, between $10,000 and $50,000, once trillions of dollars flow directly into and through XRP on a daily, weekly, monthly, and yearly basis. He stated that this will be the price point for XRP, rewarding those who have accumulated and held the asset.

Interestingly, BarriC suggested that the XRP price could reach $10,000 this year. He predicted that XRP would move from $2 to $10, $10 to $100, $100 to $1,000, and $1,000 to $10,000, all within the same year. BarriC also mentioned that these shifts could occur more rapidly than many anticipate, potentially leading to missed opportunities for significant financial gains.

Potential for Decline

Crypto analyst Egrag Crypto has indicated that XRP is currently at risk of a major price decline. He noted that the Fib 0.618 level at $1.51 is acting as the first major resistance, and the altcoin has yet to achieve confirmed closes above this level. The analyst also pointed out that the next key resistance is the Fib 0.702 level at $1.83.

Egrag Crypto explained that these two levels are crucial in determining whether XRP is entering a bullish Wave 5 expansion or remains within a larger corrective structure. He stated that if XRP fails to reclaim these levels, the technical Elliot Wave measured move suggests a decline to the Fib 0.382 level at $0.89 or even the Fib 0.236 level at $0.64.

At the time of writing, the XRP price is trading around $1.39, down nearly 2% in the last 24 hours, according to data from CoinMarketCap.