The price of XRP has frequently attracted bold projections, yet few have been as extreme as a recent forecast suggesting its potential value could soar to $170,000 per token. This estimate implies that XRP might not only exceed the current valuation of its main competitor, Ethereum, but could also displace Bitcoin, which has reached an ATH above $124,000. The crypto analyst behind this daring assertion dismisses traditional valuation models, claiming they are relics of the “old world” and inadequate for gauging the innovative potential of blockchain assets.
Why A $170,000 XRP Price Isn’t “Impossible”
Long-term XRP price predictions are becoming increasingly audacious as the market develops, with the latest estimate from crypto analyst ‘XRP Dragon,’ indicating that achieving $170,000 is not only feasible but unavoidable. The analyst contended that many dismiss such a goal because they continue to apply “old world math” to a burgeoning digital economy that operates on different principles.
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To exemplify this unique perspective, the analyst presented a video alongside their analysis on X social media, featuring a woman who elaborated on the reasoning underpinning the ambitious $170,000 forecast. She compared the misunderstandings regarding XRP’s price potential to how people perceived the internet in its infancy.
She pointed out that in 1995, it would have been nonsensical to gauge the internet’s transformative capacity using an outdated tool like the phone book. At that time, the internet was birthing an entirely “new world” that the phone book could not encapsulate.
She believes a similar transformation is happening with money today. Many still depend on antiquated notions, such as market capitalization, a metric suited for the old paper-based system. This outdated framework is disintegrating as the world transitions into a new era of digital currency. According to her, utilizing traditional calculations like market cap to assess XRP’s potential value is like attempting to fit a groundbreaking new technology into a framework designed for yesteryear.
Related Reading: Analyst Highlights 2 Scenarios That Sends XRP Price To $9.6 And $33
She added that the backbone of global finance is undergoing rapid transformation as banks, nations, and ultimately trillions of dollars switch over to digital infrastructures. In this framework, XRP is intended to operate as the bridge that facilitates value transfer between institutions and across borders. From this viewpoint, the $170,000 XRP price estimate is not an unattainable or unrealistic target, but rather an “inevitable” result, if the asset is assessed in accordance with the digital ecosystem it was designed for.
XRP Repeats 2017 Bull Run Pattern
Recent technical analysis further indicates that XRP is showing signs of replicating its historic 2017 bull cycle. Per crypto analyst EtherNasyonal, during that time, XRP followed a specific sequence of accumulation, rally, re-accumulation, followed by another explosive upward movement before entering distribution.
The analyst’s chart reveals that XRP is mirroring the precise pattern observed during the 2017 bull run. XRP has already transitioned through its accumulation and initial breakout phases, currently situated in a consolidation zone. If price movements follow past trends exactly, another substantial increase could occur in 2025. EtherNasyonal forecasts a possible price surge towards $10 before entering the distribution phase.
Featured image from Getty Images, chart from Tradingview.com
