CryptoGuard COO Matthew Brienen expresses confidence in XRP, emphasizing that he expects it to reach an ambitious target of $1,000.
Matthew made the disclosure during the first edition of the ‘Ask Matty Show,’ demonstrating his strong conviction for the fourth-biggest cryptocurrency by market cap.
During the interview, the CryptoGuard COO provided an insight into his crypto holdings, noting that 50% of his portfolio is in XRP. However, he did not reveal how much XRP he holds.
According to him, he has been stacking XRP since 2020. This accumulation strategy usually helps investors smooth out volatility and reduce their entry price through dollar-cost averaging (DCA).
Matt’s Vision for XRP
The CryptoGuard COO disclosed that he has short- and long-term visions for XRP. In the short term, Matthew intends to sell most of his XRP holdings over the next few years. This could be part of his efforts to lock in profits after the 2024/2025 bull cycle and reduce his exposure to the asset.
He intends to keep some of his XRP stash over the next 5 – 10 years. The crypto stakeholder hopes that XRP’s utility in cross-border settlement would drive its value upwards.
Matthew believes that XRP has strong potential in remittance and cross-border payments. He highlighted XRP’s payment prowess, asserting that it settles transactions in less than five seconds, with fees costing ‘a fraction of a penny.’
XRP to Hit $100 – $1,000 in 10 Years
Given his convictions about XRP, Matthew predicted that the asset’s price would hit audacious targets of $100 – $1,000 over the next 10 years.
With XRP currently trading at $2.05 per coin, it must soar 4,778% from the current price to clinch the $100 target or 48,680% to achieve the $1,000 milestone.
To demonstrate the significance of these predictions, a portfolio of 5,000 XRP, currently worth $10,250, would be valued at $500,000 if the price rises to $100. At a target price of $1,000, this portfolio containing 5,000 XRP will be valued at $5 million.
Despite the hefty growth required for these predictions to play out, the CryptoGuard COO emphasized that reaching the $1,000 target for XRP is within the realm of possibility.
At a target price of $100, XRP’s market cap would stand at $5.84 trillion, assuming its circulating supply remains stable. On the other hand, XRP’s market cap would skyrocket to $58.39 trillion.
XRP to $100 – $1,000 Predictions
Meanwhile, Matthew is not the only expert who believes XRP could reach three to four figures in the near future. As previously reported, top crypto pundit Javon Marks predicted that XRP would soar to around $100 this year.
Last year, market analyst Moonshilla speculated that XRP would surpass the $100 mark if Bitcoin clinches the ambitious target of $350,000.
Further, experts at Changelly predicted that XRP would trade around the $1,000 target by July 2040, over 15 years from now. According to their forecast, XRP would reach a maximum target of $1,078.
Even though these experts seemed confident in their forecasts, it is imperative not to rely on these predictions as financial advice.
