XRP target price

Hi everyone,

I realize some on this forum might think this is off topic, but as cryptocurrencies are becoming more and more mainstream on wall street, I thought some on this forum might have good insights about this and are willing to share. Especially, I'm interested to hear from those who have experience in cryptocurrency trading.

Given the ongoing Ripple/SEC court case, what is your prospective on the likelihood of a favorable ruling for Ripple? And more importantly, what's the risk/reward profile right now for someone who is considering an investment (ok trading)? On the one side, it appears to me that a favorable ruling could trigger a ripple effect (get it?) that would include relisting on major exchanges and could potentially lead to 5-10x gains, on the other hand, a negative ruling could bring it down substantially, but that did happen earlier this year and it somehow came back strong.

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Comments (11)

Most Helpful
  • Intern in IB-M&A
Sep 8, 2021 - 4:48am

XRP doing a 5x would mean it would have a greater market cap than ETH and a 10x would mean that it would become the biggest crypto with a market cap equal to 173% of BTC's current one, you're delusional.

  • Intern in IB-M&A
Sep 8, 2021 - 7:00am

I'm all in on crypto, but believing that XRP can beat BTC and ETH proves you know little to nothing about the dynamics of crypto markets.

Sep 8, 2021 - 9:24am

Ripple is not going to blow past both Ethereum and Bitcoin on the heels of an SEC ruling lol almost nobody in the space gives a flying fuck what they say/think. You need to read a lot more about crypto if you think that's an even remotely reasonable expectation.

Array

  • Research Analyst in HF - EquityHedge
Sep 8, 2021 - 9:41am

Basically there is no way to properly value any of these cryptocurrencies, what you're left with is the historical trends and relative valuation among the coins. Most important of all, you need to realize that it might all go to zero the next morning before you get your coffee if you want to invest in any crypto.

Now any savvy crypto investor remembers when XRP basically reached ETH market cap in 2017/18 (talking about float/circulating supply only!!). If that repeats that would already be an 8x gain.

That would be assuming ETH/BTC stay where they are now with ZERO (0) gain for the foreseeable future. For the guy who is all in crypto that's a pretty bleak future...

So.. to say that say 5x is not remotely possible is basically inconsistent with the historical pattern. Again not saying it's GOING to happen but definitely it's not any crazier than where Crypto in general is trading right now.

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  • Intern in VC
Sep 10, 2021 - 10:55am

Most important of all, you need to realize that it might all go to zero the next morning before you get your coffee if you want to invest in any crypto.

Lol what? Are you seriously saying there is a chance that crypto will go to zero?

  • Research Analyst in HF - EquityHedge
Sep 8, 2021 - 9:45am

I do like your point that nobody gives a duck what sec thinks here, perhaps partially due to the international aspect

Sep 8, 2021 - 9:52am

Pretty clear cut case that ripple is a security and this was an unlicensed security offering. Given what the sec has recently said about crypto, expect the hammer. 
 

also on a personal level, the guys who run ripple are the sleeziest human beings. Have zero faith in them or ripple ever becoming a legimtate product 

  • Intern in VC
Sep 10, 2021 - 10:53am

Isn't Ripple a centralised scam-coin? It goes against the whole ethos of crypto (decentralization).

  • Intern in IB-M&A
Sep 10, 2021 - 2:33pm

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