Technical Analyst: I Will Delete My Account If XRP Hits $1000

The declaration is notable given ChartNerd’s history. He has spent a long time publicly rejecting extreme XRP price targets, applying market cap logic to dismiss calls as high as $100,000. His position has remained consistent despite sustained pushback from XRP enthusiasts who believe those targets are achievable.

The Analyst’s Strong Conviction

ChartNerd has held this stance consistently and challenged some of the most prominent voices in the XRP community. Many others share his stance because of XRP’s circulating supply of 63 billion tokens. A market cap at $1,000 would surpass half of Global GDP. No asset in history has reached a valuation anywhere near that figure.

He predicted XRP would drop below $1 a week before it happened in August. He stated he is “grounded in data” and that charts aided his outlook earlier in the year.

He acknowledged the bet is not a guarantee and said he is open to being wrong. He added that he has conviction in his work. The accurate call earlier this year has boosted his confidence, and while he has set bullish targets for XRP, he does not see the $1,000 target as realistic.

The XRP Army’s Reactions

The response to his post varied. The commenter acknowledged XRP hitting $1,000 was unlikely but argued the unknown variables make such a definitive bet risky.