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Exclusive: Expert Says XRP Price Hitting $1000 Is ‘Speculative’ But ‘Not Impossible’
The cryptocurrency market has been abuzz with intense speculation surrounding the price of Ripple’s XRP token, with many enthusiasts and investors alike predicting a dramatic surge to $1,000. While some have dismissed these claims as baseless hype, others have cautioned against underestimating the potential of this innovative digital asset.
In an exclusive interview with Coinpedia, Manhar Garegrat, Country Head at Liminal Custody, shed light on the matter by issuing a sobering assessment of XRP’s prospects. According to him, the notion of XRP reaching $1,000 is “speculative” but “not impossible.”
Garegrat’s comments come as no surprise, given the ongoing legal battle between Ripple and the U.S. Securities and Exchange Commission (SEC). Many have speculated that a positive outcome in this case could lead to a significant increase in demand for XRP, driving its price upward.
However, Garegrat warned that such predictions are overly optimistic, citing the need for a “drastic shift” in global financial infrastructure and adoption. He emphasized that while Ripple’s technology can complement existing payment systems, it is unlikely to replace SWIFT or other established institutions entirely.
While the expert acknowledged that XRP’s value could theoretically increase exponentially if its hypothetical takeover of the global payments landscape were to materialize, he cautioned against reading too much into these projections. Garegrat emphasized that any such scenario would necessitate a profound transformation in the financial industry, which is far from certain at this stage.
In light of these comments, it appears unlikely that XRP will reach $1,000 anytime soon. Instead, investors may need to reassess their expectations and focus on more realistic targets.
Source: coinpedia.org
