XRP Price Could Surge 100x From Current Levels, Claims Commentator Chad Steingraber

A wave of excitement hit the XRP space this week after commentator Chad Steingraber suggested the token could climb 100-fold from its current level.

A wave of excitement washed over the XRP community this week after Benzinga contributor Chad Steingraber suggested the token could climb 100-fold from its current level.

According to his tweet, five XRP cost one back in December 2020. Now you’d pay about 12 for the same slice of the market.

5 XRP = 1 USD in December 2020

Now 12 XRP = 1 USD

It shows how quickly prices can move. People forget but XRP was 0.20 in December 2020 when the SEC sued. Now XRP is 2.35 and 235 would put its market cap at 15 trillion (gold is 11 trillion).

Those who bought XRP at 0.20 would be scooping up at 235 today.

— Chad Steingraber (@steingraber) June 13, 2024

Early XRP Lows Spark Hope

Based on reports, XRP dipped to about 0.20 when the US Securities and Exchange Commission sued Ripple (NYSE:PYPL) in December 2020. Traders who snapped up coins at that time saw a nearly more than 1,100% gain as the price climbed to $2.39 today. That jump turns small stakes into sizable wins for early buyers. It also reminded people how fast sentiment shifts can reshape opportunities.

100-Fold Target Means Huge Market Cap

According to Steingraber’s projection, a 100× rise from, say, 2.35 would take XRP to nearly 235 per token. At that level, XRP’s market cap would top 15 trillion. To put that in context, gold’s entire value sits around 11 trillion. Hitting 15 trillion would push XRP past most global banks and payment networks by a big margin. It’s a number that demands both massive use and wide adoption. Other Timelines Vary Widely

Based on reports, faith in a near-term surge isn’t universal. Some analysts in the XRP community, like Blockchained.com, rally around 2017’s parabolic run for inspiration, suggesting gains of this magnitude could come in the current cycle. But more cautious platforms like Telegaon place the 235 target out near 2050. Other price predictions split the difference, seeing it arriving within a decade or more. Those wide gaps show how hard it is to pound down crypto’s future. Short Term Dip Predicted

According to CoinCodex, XRP might drop by 22% to reach 1.85 by June 17, 2025. Their technical tools peg current sentiment as neutral while the Fear & Greed Index sits at 74, or Greed. In the last 30 days, XRP logged 13 green days and moved nearly 6% in price swings. That mix of signals hints at a market cooling off but still staying lively.

Experts Weigh Odds Versus Headlines

Traders and investors are watching closely. A 100× move sounds electric. Yet most experts treat it as a stretch rather than a baseline outlook. They point to new crypto regulations, XRP’s real-world use cases and broader finance trends as key factors. In crypto, stellar climbs can reverse just as quickly. For now, Steingraber’s bold call joins a long list of “what-if” scenarios that keep the community engaged.