Expert States Minimum Price XRP Should Be Right Now Based On Bitcoin Current Price

Amonyx (@amonbuy), a prominent figure in the XRP community, recently sparked debate by asserting that “the minimum price XRP is supposed to be right now is $21.75.”

This statement is based on XRP’s highest BTC-based valuation on May 17, 2017, when it reached 0.00022465 BTC per XRP. Given Bitcoin’s current price of approximately $96,791, this historical ratio would theoretically price XRP at $21.75 today.

The post generated mixed reactions within the crypto community, with some arguing that XRP remains significantly undervalued, while others dismissed the calculation as outdated and unrealistic.

The Basis for the $21.75 Valuation

Amonyx’s calculation is derived from this formula: 0.00022465 BTC x 96,791 USD/BTC = 21.75 USD/XRP.

This approach assumes that XRP could maintain its peak BTC ratio in today’s market. However, it does not consider shifts in market structure, adoption trends, liquidity changes, or the evolving dominance of Bitcoin over the years.

Community Reactions and Market Sentiment

Following Amonyx’s post, several users on X (formerly Twitter) shared their perspectives.

An X user, Prometheus (@Prometheus), criticized the idea, stating, “This is indicative of a dead token whose fan base can’t seem to accept its fate or can not adapt to the changes.” This reflects the skepticism some traders hold regarding XRP’s long-term potential.

Another X user, ConsciousnessHub (@ConsciousnessHub), offered a different viewpoint, arguing that while XRP is “not a dead token, it’s overhyped.” He further explained, “Purely on market cap, this coin can’t raise to 20 dollars in the next 5 years. That means investors need to buy billions and billions of XRP.” This response highlights concerns regarding XRP’s high circulating supply and the capital required to drive such a price increase.

While Amonyx’s calculation presents an interesting perspective, the assumption that XRP should be priced at $21.75 based solely on a past BTC ratio does not account for evolving market dynamics. Reaching such a price would require significant institutional investment, regulatory clarity, and increased market adoption.

The discussion surrounding XRP’s value remains a contentious topic within the crypto community. Some believe it is undervalued with strong future potential, while others argue that its large supply and market conditions make such price levels unrealistic in the near term. Regardless, XRP continues to be a focal point in cryptocurrency discussions.

Disclaimer: This content is meant to inform and should not be considered financial advice. The views expressed in this article may include the author’s personal opinions and do not represent Times Tabloid’s opinion. Readers are urged to do in-depth research before making any investment decisions. Any action taken by the reader is strictly at their own risk. Times Tabloid is not responsible for any financial losses.

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