XRP Set to Reach $1,000 – CryptoGuard Executive Makes Audacious Forecast

Matthew Brienen, the Chief Operating Officer of CryptoGuard, is expressing strong faith in XRP. In a recent episode of the “Ask Matty Show,” Brienen shared his belief that XRP could reach a peak of $1,000. This statement comes at a time when XRP maintains its position as the fourth-largest cryptocurrency globally by market capitalization.

Brienen also revealed that 50% of his personal cryptocurrency investments consist of XRP. While he chose not to disclose the exact number of tokens he possesses, he mentioned that his acquisition of the altcoin started gradually back in 2020.

Future Strategies for His XRP Investments

Brienen elaborated on his distinct strategies for XRP moving forward. In the short term, he intends to sell off most of his holdings within the next few years, particularly targeting the 2024-2025 bull market as an opportune moment to realize profits and reduce his exposure.

Looking further ahead, Brienen plans to retain a smaller segment of XRP in his portfolio for an additional five to ten years. He anticipates that the growing adoption of cryptocurrency for cross-border transactions will contribute to a rise in its value. He emphasized that XRP transactions are efficient, settling in less than five seconds and costing only a tiny fraction of a cent.

Predictions: Between $100 and $1,000

Brienen extended his outlook beyond immediate plans, suggesting that XRP could potentially escalate in value to between $100 and $1,000 over the next decade. With XRP trading at approximately $2.05 during his commentary, achieving $100 would necessitate an increase of about 4,770%, while hitting $1,000 would demand a staggering surge of roughly 48,600%.

Based on these projections, an investment of 5,000 coins, valued at about $10,250 at current prices, could balloon to $500,000 at the $100 mark or $5 million at $1,000.

XRP’s Market Capitalization Would Need Significant Growth

If XRP indeed reaches $100, its market capitalization would surge to about $5.84 trillion, assuming the circulating supply remains unchanged. A rise to $1,000 would skyrocket its market cap to nearly $58 trillion, figures that would eclipse the entirety of today’s global economy.

Despite the monumental rise required, Brienen expressed optimism about the $1,000 target being feasible. While he stopped short of making definitive assurances, he believes that XRP’s technology and rapid transaction capabilities could support long-term growth.