The recent inclusion of XRP in the proposed U.S. strategic cryptocurrency reserve has fueled speculation about its potential for significant price increases. However, despite this development, XRP is unlikely to reach price targets of $10, $100, or $1,000 soon due to prevailing market conditions and historical trading patterns. Recent Surge and Market Correction Over the weekend, the cryptocurrency market witnessed a surge following remarks from former U.S. President Donald Trump, who hinted at a national crypto reserve that could include Bitcoin, Ethereum, XRP, Solana, and Cardano. This announcement spurred a strong rally across major cryptocurrencies, with Bitcoin surpassing $95,000 and XRP experiencing a 34.27% price increase, briefly crossing the $3 mark. However, this upward momentum was short-lived. By Monday, March 3, XRP had dropped by 18.83%, marking its most significant single-day decline since the Terra collapse in May 2022. Bitcoin and other major digital assets also recorded substantial losses, with Bitcoin retreating below $85,000 to trade at approximately $84,211. Market Manipulation Concerns The abrupt pullback has raised concerns about potential market manipulation. Some analysts suggest that large market participants, commonly called market makers, often trigger sharp corrections after attracting retail investors during bullish trends. This strategy, they argue, allows them to capitalize on price swings by eliminating weaker hands before resuming an upward trajectory. A similar pattern was observed in October 2024, when CryptoQuant CEO Ki Young Ju compared Bitcoin’s price action to a well-known Korean saying about buses departing only after passengers disembark. The recent price movement reflects this trend, with many traders caught off guard by the rapid reversal. Financial commentators have long pointed out that volatility in cryptocurrency markets often distinguishes long-term investors from short-term speculators. Vandell Aljarrah, host of the Black Swan Capitalist, recently reinforced this perspective, highlighting how such fluctuations influence market participation. We are on twitter, follow us to connect with us :- @TimesTabloid1 — TimesTabloid (@TimesTabloid1) July 15, 2023 Challenges to XRP Reaching Higher Price Levels Despite the optimism surrounding Trump’s proposed reserve, several obstacles could prevent the token from reaching extreme price targets in the short term. While inclusion in a national reserve could enhance its legitimacy and boost investor confidence, significant barriers exist. One major factor is the ongoing legal battle between Ripple and the U.S. Securities and Exchange Commission (SEC). Although the SEC has recently halted enforcement actions against major crypto platforms like Coinbase and Kraken, there is no guarantee of a swift resolution for Ripple. The uncertainty surrounding regulatory clarity weighs on the token’s long-term prospects. Another critical development is the growing interest in XRP exchange-traded funds (ETFs). The SEC has acknowledged multiple 19b-4 filings for XRP-based ETFs, signaling increased institutional attention. If approved, these financial products could bring substantial capital inflows and drive price appreciation. However, while regulatory approvals and institutional adoption may contribute to the token reaching $10, they are unlikely to push the asset toward $100 or $1,000 without broader market shifts. Achieving such high valuations would require fundamental changes in demand dynamics, liquidity conditions, and overall investor sentiment. While XRP’s inclusion in a potential U.S. strategic reserve is a positive step for its adoption, it does not guarantee immediate price surges to extreme levels. Short-term market fluctuations, regulatory uncertainties, and historical trading patterns suggest that while moderate gains are possible, expectations of the token reaching $100 or $1,000 soon may be unrealistic. Investors should consider these factors carefully before making long-term predictions. Disclaimer : This content is meant to inform and should not be considered financial advice. The views expressed in this article may include the author’s personal opinions and do not represent Times Tabloid’s opinion. Readers are urged to do in-depth research before making any investment decisions. Any action taken by the reader is strictly at their own risk. Times Tabloid is not responsible for any financial losses. Follow us on X , Facebook , Telegram , and Google News The post Here’s Why XRP Is Unlikely to Hit $10, $100, or $1,000 Anytime Soon appeared first on Times Tabloid .
