XRP is currently trading at $2.20, marking a 2.3% dip in the last 24 hours and a 4% loss over the past week. However, zooming out reveals a bullish narrative: the digital asset has surged over 300% in the past year. Despite this strong performance, market sentiment remains mixed, with some analysts advocating for a realistic approach to XRP’s trajectory and others floating sky-high predictions of $100 or even $1,000 per coin.
$1,000 XRP? A Fantasy Fueled by Viral Speculation
A viral post on X (formerly Twitter) reignited speculation by spotlighting Ripple co-founder Chris Larsen, who reportedly owns 2.7 billion XRP. If XRP were to hit $1,000, Larsen’s net worth would balloon to an astronomical $2.7 trillion—more than the combined wealth of Elon Musk and Jeff Bezos. Supporters of this fantasy argue that XRP’s role in international payments could one day justify such valuation. But the math tells a sobering story: XRP would need to rally nearly 50,000% to hit that milestone, pushing its market cap to $58.4 trillion—more than the combined value of gold, Apple, Bitcoin, and the entire crypto market.
Wait….Chris Larsen holds 2.7B $XRP. If the price per #XRP goes to $1,000, he will be worth $2.7 Trillion. Chris Larsen will be the world's first Trillionaire. Not only that, but if no one sells any of their $XRP, here is the estimated list of new billionaires and…
— Future XRP (@the5blairs) June 4, 2025
Short-Term Outlook: Consolidation Before Another Move?
In the near term, XRP remains range-bound. It recently rebounded from $2.07 but failed to break the $2.27 resistance. Technical indicators show most oscillators are neutral, with only momentum hinting at bullishness. Meanwhile, key support levels lie at $2.22, $2.07, and deeper down at $1.92, $1.85, and $1.61. Despite the bearish pressure, increased trading activity and liquidations in derivatives markets suggest potential for a bounce.
In conclusion, while dreams of XRP at $1,000 may fuel social media hype, they remain detached from economic and market fundamentals. Realistically, a climb to $4 or $10 would already be monumental. And any large sell-off from major holders like Larsen could cause significant market disruptions. For now, XRP investors should stay grounded and watch technical levels closely.
Disclaimer: The information in this article is for general purposes only and does not constitute financial advice. The author’s views are personal and may not reflect the views of Chain Affairs. Before making any investment decisions, you should always conduct your own research. Chain Affairs is not responsible for any financial losses
Also Read: XRP Faces Resistance at $2.3 Amid Mixed On-Chain Signals
I’m a crypto enthusiast with a background in finance. I’m fascinated by the potential of crypto to disrupt traditional financial systems. I’m always on the lookout for new and innovative projects in the space. I believe that crypto has the potential to create a more equitable and inclusive financial system.
