Crypto expert Nathaniel Rothschild has sparked a heated discussion within the XRP community by proposing a $36 price target for XRP. While many find this target bold, Rothschild suggests it is entirely achievable, but only if XRP hits critical milestones at $7 and $13 first. His thoughts on XRP’s potential have sparked discussions about the coin’s future price movements and the market implications if such a target is achieved.
XRP’s Path to $36: A Steep Journey
Rothschild’s $36 target for XRP is based on the belief that the cryptocurrency can make significant price gains. Currently trading at $2.27, XRP would need an explosive rally of around 1,500% to reach $36. Achieving this price would mean XRP’s market cap would skyrocket to about $2.12 trillion, aligning it with the current valuation of Bitcoin.
This would place XRP in a very exclusive category, surpassing companies like Facebook, Saudi Aramco, and even silver in terms of market value. While some critics dismiss the idea of XRP reaching this level as unrealistic, Rothschild believes it is possible, given the right conditions.
What Happens When XRP Hits $36?
For many critics, the journey to $36 for XRP presents a significant challenge. They argue that XRP’s price would have to rise exponentially, and it would mean a market cap on par with some of the world’s largest assets.
Moreover, such a dramatic increase in XRP’s price would raise questions about the overall crypto market and Bitcoin’s market cap. If XRP alone reached a $2.12 trillion valuation, it would likely shake up the current balance within the industry.
Many critics suggest that achieving $36 this year is unlikely. Instead, they point to a longer timeline for such a target to materialize, with some estimating it could take several years before XRP hits these heights.
How Long Before XRP Reaches $36?
There are differing opinions on how long it will take for XRP to reach $36. For instance, Telegaon’s analysis projects that XRP could hit $36 by 2030. Similarly, Bitwise Research, in a report for professional investors, suggests that XRP could reach $29 by 2030 in an ultra-bullish market.
In the shorter term, Bitwise forecasts that XRP could peak at $6.53 if the market is extremely favourable, while more conservative scenarios could see it dip to $1.07. On the other hand, Changelly proposes a timeline extending to 2032 for XRP to reach the $36 mark.
Despite these cautious estimates, some independent technical analysts remain more optimistic. Dustin Layton, a prominent analyst, boldly predicts that XRP could reach at least $50 by the end of this year. Meanwhile, EGRAG, a market watcher, believes that XRP could surge by 2,000%, exceeding $37, if it follows the pattern seen in 2017. However, he suggests that a more conservative target would be $9 if the pattern fails to replicate.
Related article: XRP Eyes $3 as Bullish Breakout Shocks Market: Key Levels to Watch
Community Reactions: Mixed but Optimistic
The discussion surrounding Rothschild’s $36 price target has sparked a range of reactions from the XRP community. Some users, like Tom Toman, believe that nothing is unrealistic in crypto, commenting, “The sky is the limit.” Others even argue that $36 could be considered “cheap” compared to what they believe is possible for XRP.
However, not everyone shares this enthusiasm. Angela Hammes pointed out that XRP should first reclaim the $3 mark before considering higher targets. XRP has been trading below $3 for approximately six months and has yet to reach its all-time high, which dates back nearly eight years.
Despite the steep climb ahead, XRP enthusiasts remain hopeful, holding onto ambitious price projections while keeping a watchful eye on key price levels.
Conclusion: Ambitious but Uncertain Future for XRP
While the journey to $36 for XRP may seem daunting, Nathaniel Rothschild’s suggestion has sparked a conversation about XRP’s future. If XRP can break through key resistance levels at $7 and $13, reaching the $36 mark might be within reach, but it would require a remarkable rally. The crypto market’s unpredictable nature means that these ambitious price targets are speculative, but XRP enthusiasts remain hopeful for a significant breakout. As the market evolves, it will be interesting to see how XRP navigates these key milestones and whether it can reach the lofty targets predicted by some in the community.
