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#Crypto Market Rebounds#
Famous Analyst; "XRP Could Be $880!"
Crypto analyst BarriC stated in a post on the social media platform X that XRP could experience an extraordinary rise in the coming period. This prediction was quite striking for the XRP community, which had been silent for a long time. According to the analyst, XRP could reach 100, 500, or even 1,000 dollars with the global adoption by banks.
"If banks and financial institutions start using XRP as a funding tool, it will no longer be possible to buy XRP at a cheaper price."
— BarriC
The Background of the Recent Rise in XRP
The price of XRP has entered a remarkable upward trend, especially from November 2024. At that time, XRP was moving sideways around the $0.50 level, but shortly after, it initiated a strong rally, reaching up to $3.31 on January 18, 2025.
This rally was a price movement triggered by two important developments:
Donald Trump's re-election as President of the United States and his signals of support for cryptocurrency
The SEC's withdrawal of lawsuits against Ripple, meaning the end of a long-standing legal uncertainty.
Following Trump's election victory, pressure on SEC Chairman Gary Gensler increased and lawsuits against XRP were quickly dropped. In the wake of these developments, XRP almost doubled its price in just a few weeks.
However, the rally did not last long.
The tensions from the trade war that began after the summit on January 18 and the general market fluctuations have caused XRP to decline again. Currently, XRP is trading at around $2.40.
What Do We Know About the Private XRP Network?
There is a long-standing claim within the XRP community: it is alleged that XRP operates with a secret "private ledger" (private ledger) system, and that some banks are using XRP at higher prices on this private network.
Ripple officials have confirmed that XRP is both a public network and a private network developed for central banks. However, there is no concrete evidence for claims that the price of XRP is higher on the private network. Therefore, these rumors are currently considered only speculative content.
Is BarriC's XRP Prediction Realistic?
The biggest impact on XRP's price is created by its use cases and liquidity. If Ripple is indeed adopted in global payment infrastructures, analyst BarriC's targets, which are referred to as "outrageous," could theoretically become possible.
However, it is worth reminding some numerical facts:
The fact that XRP reaches 100 dollars, calculated with the current supply, means a market value that is twice the size of Bitcoin's market value.
If the price is at 1,000 dollars, XRP's market value would increase to 20 times that of Microsoft, reaching approximately 55 trillion dollars. This would be quite a challenging match with today's global financial realities.
So the widespread use of Ripple in financial infrastructures could increase its price, but an extraordinary transformation would be required for targets like 1000 dollars.
Result: Dream or Reality?
BarriC's predictions are just one of the possible scenarios in the crypto world. However, for this scenario to materialize, not only investor interest is needed, but also the global adoption of Ripple by central banks and large financial institutions. For now, while these forecasts appear quite optimistic, it is also important to remember that anything is possible in the crypto world.
I’m not claiming we’ll see the same multiples as 2017, but sentiment-wise, we’re definitely at the same point.