The belief that XRP could someday trade between $10,000 and $50,000 continues to circulate across social media, often justified by claims that the token will underpin the global financial system. However, not everyone in the crypto space is buying into that dream. A respected market analyst known as ChartNerd has pushed back strongly against such projections, calling them “nonsense.” This comment, as expected, led to a wave of reactions among members of the XRP community, especially those who are really locked in firmly into such ultra-bullish projections.

Analyst Says $10,000-$50,000 Target Is Nonsense

Talk of four- and five-figure valuations for XRP flared again after an X user with the name Mitchell Lion Heart proposed that XRP isn’t just another crypto but the money processor for a coming overhaul in the global payments system. He claimed XRP has been chosen, tied it to a global currency reset backed by gold, and insisted that $10,000 per coin, at a minimum, would arrive sooner than people think. 

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He also shared an image asserting that once XRP achieves full global institutional adoption across rails such as SWIFT, DTCC, CBDCs, RWA tokenization, commodities, and value transfer on the XRPL, a sustainable price range for the cryptocurrency would need to be between $10,000 and $50,000 per XRP.

ChartNerd, a market analyst known for sticking to price structure and cycle context, shot the claim down in plain language. As noted by the analyst, XRP is not heading to $10,000 or $50,000 per coin. Such a price target is nonsensical and not realistic. 

As seen in some of his previous comments, ChartNerd’s position is that those kinds of targets ignore the realities of XRP’s supply, liquidity, and market cap. He has consistently pointed out that XRP’s price trajectory must align with adoption metrics and market structure.

An example of this is when he explained that prices between $13 and $27 represent a rational peak upside for XRP this cycle. This price target is even contingent on XRP receiving billions in possible ETF inflows and improving overall crypto market sentiment. 

Supporters Double Down On The Chosen Asset Perspective

“Mitchell Lion Heart” dismissed the analyst’s response and insisted that many traders were overlooking XRP’s true value and purpose. According to the XRP enthusiast, traders that don’t  agree with XRP’s price at $10,000 to $50,000 happening do not have a clue about what XRP truly is. 

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Some other commentators also noted that Bitcoin is currently above $110,000, and its use cases pale in comparison to XRP. Therefore, XRP has the potential to trade at values comparable to Bitcoin when its utility is finally being taken advantage of in the global payments network.

Others sided with ChartNerd, saying that such extreme price targets distort public understanding and damage the credibility of legitimate analysis surrounding XRP’s fundamentals. The back-and-forth shows the growing rift between two schools of thought on XRP’s price future.

At the time of writing, XRP is trading at $2.41, having been rejected at an intraday high of $2.54.

Featured image created with Dall.E, chart from Tradingview.com