XRP Queen cryptocurrency expert described XRP price the $10 target was too low, arguing that the target was from a retail investor’s point of view. She also suggested how high the altcoin could go from an institutional standpoint.
Expert says XRP price target of $10 is too low
In Post XXRP Queen said those predicting XRP price targets of $10 to $25 are still thinking about retail price targets. This came after she stated that Ripple was thinking about global infrastructure. The expert highlighted the company’s moves, including the takeover of payment and custody infrastructure.
Moreover, XRP Queen noted that Ripple has integrated with banks, funds and institutions, which she believes positions the altcoin to enable real-time global settlement. The expert also believes that the crypto company has ensured regulatory clarity where it actually matters, which is bullish for the XRP price. Finally, she mentioned that Ripple is actively seeking to obtain a full banking license by having secured conditional permit from the Office of the Comptroller of the Currency (OCC).
XRP Queen has stated that Ripple moves are a way to build financial plumbing. “Systems don’t move on pennies. They move on orders of magnitude. Lock in,” she added. As for how high the price of XRP could rise based on institutional targets, XRP Queen suggested altcoin can reach $100.
In Post Xshe stated that people are laughing at XRP’s $100 price target because they are pricing it like a meme, while institutions are pricing the altcoin like infrastructure. As such, he believes the altcoin can achieve these price targets based on its utility, especially as it gains popularity as a real-time global settlement token.
Canary Capital CEO Makes a Bullish Case for XRP
In YouTube videoCryptocurrency expert Cheeky Crypto highlighted a statement from Canary Capital CEO Steven McClurg in which he stated that an XRP price target of $5 to $10 may seem high for a retail trader. However, he believes these price targets represent a rounding error when considering the trillions of dollars of liquidity required to settle global real world assets (RWA) on scale.
Cheeky Crypto also highlighted McClurgia’s statement in which he stated that XRP Ledger already processes real financial transactions and boasts real financial applications, which he believes is attracting institutional attention.
It’s worth noting that the CEO of Canary Capital recently predicted this XRP will dominate the RWA industry, which is projected to become a trillion-dollar industry at some point. This could augment the utility of the altcoin as the XRP ledger processes more RWA transactions, which causes the price of XRP to augment.
At the time of writing, XRP is trading around $1.95, down over the last 24 hours, according to data from CoinMarketCap.
Featured image from Pixabay, chart from Tradingview.com
