Matthew Brienen Predicts XRP Could Reach $1,000 in the Coming Years
Matthew Brienen, the Chief Operating Officer of CryptoGuard, has shared his bold prediction for XRP, expressing confidence that it could reach a staggering price of $1,000 in the coming years. Speaking during the inaugural “Ask Matty Show,” Brienen made it clear that he sees immense potential in the fourth-largest cryptocurrency by market capitalization.
Brienen, who has been a long-term XRP holder since 2020, disclosed that 50% of his personal portfolio is currently invested in XRP, although he did not reveal the specific amount he holds. His strategy of accumulating XRP has been driven by the principles of dollar-cost averaging (DCA), which aims to smooth out market volatility and secure a more favorable average entry price.
In the interview, Brienen elaborated on his short-term and long-term vision for XRP. While he plans to sell most of his XRP holdings over the next few years, likely to capitalize on the anticipated bull run in 2024/2025, he intends to hold on to some of his tokens for the next 5 to 10 years. His long-term conviction is rooted in the belief that XRP’s utility in cross-border payments and remittances will significantly enhance its value.
Brienen specifically pointed out XRP’s rapid transaction settlement times, which can occur in less than five seconds with fees that are mere fractions of a penny. This efficiency in handling international transactions positions XRP as a strong contender for mainstream adoption, especially in the remittance space.
XRP Price Targets: $100 to $1,000 in 10 Years
With XRP currently trading around $2.05 per coin, Brienen made a bold price prediction for the next decade, forecasting that XRP could reach anywhere from $100 to $1,000 in value. For XRP to hit $100, it would need to experience a price increase of 4,778% from its current value. Meanwhile, achieving the $1,000 target would require an even more impressive rise of 48,680%.
Brienen’s prediction has profound implications for investors. For example, if someone holds 5,000 XRP, worth $10,250 at the current price, this portfolio would balloon to $500,000 if the price reaches $100. Should XRP rise to $1,000, the value of that same portfolio would surge to a staggering $5 million.
Despite the massive growth required for these predictions to materialize, Brienen remains optimistic, stating that a $1,000 price for XRP is well within the realm of possibility. He pointed out that such growth could be fueled by increased institutional adoption, further utility in cross-border transactions, and a positive shift in the global regulatory environment surrounding cryptocurrencies.
XRP’s Market Cap at $100 and $1,000
If XRP were to achieve the $100 price target, its market capitalization would surge to $5.84 trillion, assuming the circulating supply remains stable. On the other hand, if the price reaches the ambitious $1,000 mark, the market cap would explode to an astronomical $58.39 trillion, which would place XRP among the largest financial assets in the world, potentially competing with traditional assets like gold and the global stock market.
Expert Predictions on XRP’s Future Price
Brienen is not the only expert to predict significant price increases for XRP. Prominent crypto analyst Javon Marks has suggested that XRP could reach $100 as early as this year. Similarly, market analyst Moonshilla has speculated that XRP could surpass $100 if Bitcoin achieves the lofty target of $350,000. Moreover, experts at Changelly have forecasted that XRP could trade around the $1,000 mark by July 2040, estimating a maximum target price of $1,078.
Although these predictions paint a highly optimistic picture for XRP, it’s important to note that they are speculative in nature and should not be considered as financial advice. Cryptocurrencies are highly volatile, and numerous factors, including regulatory changes, market sentiment, and technological advancements, will play a crucial role in determining their future value.
