The prospect of XRP reaching a price of $1,000 has been a topic of considerable debate among investors and analysts. To be clear, no one’s promising moon boots here. But according to analyst Cheeky Crypto, the risk-versus-reward setup for XRP today looks a lot like Bitcoin’s awkward teenage years, back when the loudest voices called it a scam while quiet hodlers quietly became millionaires.
What’s Been Holding XRP Back?
XRP has been around since 2012. While it made solid gains early on, its price has been weighed down by a long legal fight between Ripple (the company behind XRP) and the U.S. Securities and Exchange Commission (SEC). That lawsuit kept many big exchanges from listing XRP and made investors nervous.
But now, that legal battle seems to be nearing an end. Settlement talks and court updates are happening regularly. Many believe that once the case is over, XRP could finally get the momentum it’s been missing.
The Numbers Get Wild — Even with Small Gains
Let’s talk numbers. Even if XRP only manages to follow a small portion of Bitcoin’s past performance, the gains are huge.
- If XRP matched 10% of Bitcoin’s historic growth, its price could jump to over $5,300.
- If it matched just 1%, that’s still a jump to $53 — far above today’s price of around $2.33.
And that’s without including other possible boosts, like Ripple burning excess tokens, launching new global payment partnerships, or adding more banks to its network.
What About the Huge Token Supply?
One concern people often raise is XRP’s large total supply — 100 billion tokens, compared to Bitcoin’s 21 million. But what really matters is market cap — the total value of all coins combined. If Ripple manages to handle even a small portion of the $150 trillion in global cross-border payments each year, it could easily justify higher prices without breaking financial logic.
Yes, there are risks. The SEC could drag out appeals, other regulators might get involved, or Ripple might stumble in integrating new partnerships. Those aren’t imaginary threats — they’re very real. But risk is why rewards exist. If XRP had zero uncertainties, it wouldn’t be sitting at $2.
So, is XRP the next Bitcoin? Maybe not. But could it surprise everyone once the legal dust settles? Absolutely.
