Analyst Dismisses $10K–$50K XRP Price Predictions, Calls Them “Nonsense”

ChartNerd rejects $10,000 XRP forecasts, calling them unrealistic as analysts see consolidation near $2.00 with signs of renewed accumulation.
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XRP
XRP

Key Points

ChartNerd dismissed claims that XRP could reach $10,000 to $50,000, suggesting that such valuations are unrealistic.
The debate began after another trader said XRP would lead a gold-backed global financial reset through the XRP Ledger.
Analysts noted XRP is consolidating near $2.00–$2.20, with indicators suggesting a possible re-accumulation phase before another rally.

A prominent market analyst has dismissed the extreme projections suggesting that XRP could eventually skyrocket to between $10,000 and $50,000 per coin. The post from ChartNerd on X came as XRP traded around $2.31, extending its recent rebound. 

He made the bold assertion in response to a commentary from community figure Mitchell Lion Heart, who asserted that some analysts don’t understand the true value of XRP.

Mitchell described it as the “money processor of the new financial transfer system,” claiming the token would power a gold-backed global currency reset through the XRP Ledger and ISO 20022-compliant networks. Mitchell further insisted that XRP was “chosen” to facilitate worldwide value transfer and called it a generational wealth investment.

Why $10K Price is Unrealistic for XRP

However, ChartNerd emphasized that XRP is not going to $10,000 – $50,000, referring to the prediction as nonsense. His argument aligns with the market cap required for XRP to reach the audacious target of $10,000 and above.

For context, a $10,000 XRP valuation would imply a $1 quadrillion market capitalization, roughly ten times global wealth and more than 1,000 times the global M2 money supply. As a result, achieving such a valuation is mathematically and economically implausible, even under full-scale global adoption of XRP for settlements.

Moreover, utility value does not equal price appreciation, and XRP’s liquidity velocity allows the same tokens to be reused repeatedly for transactions. The same XRP units can circulate thousands of times each day, meaning that payment volume is not directly correlated with market capitalisation. 

Price Action Suggests Possible Accumulation

XRP’s price action aligns with a consolidation phase that analysts say could form a new base. ChartNerd’s growth-curve model shows the token retesting its mid-regression band, the same region that preceded July’s breakout. Recent long lower wicks indicate renewed buying near $2.00–$2.20, the same range that supported the last rally.

Analyst EtherNasyonaL described the current structure as a “re-accumulation phase,” with price confined between $1.99 support and $3.31 resistance. Additionally, a sustained move above the upper boundary would confirm a trend shift, while a breakdown below $1.99 would invalidate the setup.

“Unless the structure is broken, this silence will trigger a new leg,” the analyst wrote. XRP has spiked 3.09% over the past 24 hours, climbing above $2.30 as trading volume also soared 86% to $6.05 billion. 

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Brenda Kanana

Brenda is a writer with three years of experience specializing in cryptocurrency, artificial intelligence and emerging technologies. She graduated from the University of Mombasa with a degree in Psychology. She has worked at CryptoPolitan and Blockchain Reporter.
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