Michael XBT, a Bitcoin investor and market psychologist with a decade of experience, expressed his conviction that anticipating 30,000% price gains from XRP in this cycle is a pipe dream.

The expert conveyed this view in response to analyst Javon Marks, who has repeatedly highlighted how XRP could advance up to $150 or 41,400% in this bull season.

In various analyses, Marks has asserted that XRP is on the verge of a violent bullish breakout from its downtrend, which has lasted since its 2018 all-time high. His assessment largely rests on the fact that XRP exploded in 2017 after a similar extended downtrend. The explosion led XRP to its current six-year-old ATH of $3.84.

With XRP forming a similar triangle pattern, many analysts, not only Marks, see reasons to believe XRP could echo history and break a new peak.

The ambitious analysis expects XRP to be in the triple-digit range, but others consider it overly fanciful and out of touch with reality. Conservative market observers think $5 to $10 is more realistic.

XRP 300X Predictions are Beyond Delusional

In response to one of Marks’ assessments, Michael boldly stated that people hoping for a 300-fold price increase like it happened in the past are just beyond delusional. He argued that market participants would even be lucky to see XRP increase ten-fold, suggesting such a rally might be possible but still unlikely. A ten-fold increase would push XRP to a new all-time high at $6.

Michael further cautioned market participants against believing these optimistic targets. He warned that those who do will only have themselves to blame when they are left holding the bag until the onset of another bear market.

In response to Michael’s criticism, Marks explained that XRP had previously achieved over 1,000X gains before demonstrating its potential for more than 300X. He emphasized that his target is based on logarithmic connections he has observed successfully multiple times, not arbitrary numbers.

“The greats seem delusional until they aren’t, so I’m fine with the opinion,” he remarked.

It is worth noting that critics who disagree with the ambitious estimations for XRP often point to the trillion-dollar market cap that would result from such a price level. For instance, at $150, XRP would have an almost $15 trillion market cap, approaching the valuation of gold.