By Michael Scott
Pro-XRP pundit Tony Edward dismisses the ambitious price targets predicted by analysts.
Market commentator behind the Thinking Crypto Podcast, Tony Edward, weighed into the debate over the XRP price destination. He considers the price predictions highly ambitious to call for a $589 level for XRP.
Edward profiled figures such as $589 as unrealistic and leaning toward fantasy. Instead, the crypto pundit sets a conservative milestone for XRP as the $5 – $8 range in the prevailing bull cycle.
Although acknowledging XRP harbors potential for further gains, Edward downplays the oft-repeated $10,000, $1,000, and $589 targets as extreme predictions. The slight upward movement cannot elevate the XRP to overly high levels.
Edward urges the need to analyze the market trends coupled with factoring on-chain data and fundamentals before setting expectations.
The Community Pushback Against Conservative Outlook
Edward’s outlook sparked community pushback from passionate XRP proponents led by Xena. Notably, she termed the Edwards outlook as hypocrisy.
Xena highlighted that the extensive coverage of XRP content catapulted his platform to success. For context, Xena questions why the pundit had dedicated attention to the altcoin if he only envisioned a modest gain.
Xena decried that if $5-$8 was the realistic target, why did Edward emphasize XRP when the community was optimistic about higher levels? The XRP advocate cited the multiple coins that have navigated from a few cents to double and triple-digit range. XRP could replicate this trajectory and realize figures Edward considers unrealistic.
Xena outlines the unique use cases of XRP to suggest that the value extends beyond what technical charts capture. The community’s faith in XRP is derived from the utility of transforming cross-border payments to justify higher valuation in the future.
Xena hints that Edward was likely downplaying the XRP’s potential in managing the brand and profit from the views.
Pundit Dismisses Criticism as Overreaction
Edward profiled Xena’s criticism as a typical overreaction, adding humor and conviction to his response. He elaborated that though he admires XRP and underlying technology, he distances himself from indulging in fairy tales and speculative price predictions.
Edward cited his multi-year experience and interaction with crypto assets to reiterate his belief in realistic price targets. Such should have its basis in data and not hype or hope. While indicating respect for charts and on-chain data, the commentator is cognizant of conspiracy theories and unrealistic hopes.
Xena seemed undeterred by the response and instead expressed disappointment in Edward’s departure from the optimistic view that initially bound the community towards higher targets for XRP.
Xena entertained the argument that XRP’s future value hardly relies on market charts. Its value lies in deeper and overlooked factors that could propel the altcoin to higher levels, which Edward openly opposes.
Responding to Edward, the leading XRPL dUNL validator Vet, observed that the $589 prediction hardly centers on price targets. Per his account, the commentaries appear more aligned to handle challenges and strive for excellence.
Analysts in Support of XRP Explosive Gains
Market analysts are confident that despite XRP jumping over 300% in its 30-day run, it is bound to attain further upside. The bullish outlook emerges owing to underlying value, which contrasts the broad expectations of XRP, which register significant corrections.
Many led by crypto analyst BarriC signal that XRP has substantial gas left to leap with astronomical targets. The analyst considers that XRP could rally to cross above $20. Accomplishing this target from the present $2.40 price level would necessitate a 1,000% gain. BarriC indicates that the price target could surpass this figure, particularly when the US Securities and Exchange Commission (SEC) approves XRP exchange-traded funds (ETFs) in 2025.
The XRP upsurge emerges as the dark regulatory cloud that hampered crypto assets prospects seems to clear. The crypto industry anticipates friendly conditions facilitated by the incoming Donald Trump-led administration.