Pundit Says Those Who Can’t Read Charts Call for $589 XRP

A heated debate has erupted within the XRP community as Tony Edward, the founder of the Thinking Crypto Podcast, challenges wild price predictions for XRP.

He dismissed figures like $589 as unrealistic and grounded in fantasy. Edward has set a conservative price target for XRP, predicting a range between $5 and $8 for this market cycle. 

While acknowledging the potential for slight upward movement, Edward firmly rejected more extreme predictions, including the oft-repeated $589, $1,000, and even $10,000 targets. 

Accordingly, he emphasized the importance of analyzing market trends, on-chain data, and fundamentals when setting expectations.

The Community Pushback

The tweet sparked a critical response from Xena, a passionate XRP proponent. Specifically, Xena took issue with Edward’s outlook, calling out what she perceived as hypocrisy in his position.

She pointed to Edward’s extensive XRP content as a driving force behind his platform’s success. In parallel, she questioned why he dedicated so much attention to the asset if he only envisions a modest upside.

“If $5–$8 is your realistic target, why focus so much on XRP, knowing the community holds higher hopes,” Xena questioned.

Xena reminded Edward that many coins, starting from just a few cents, have surged into the double—or triple-digit range, leaving the possibility that XRP could follow suit.

She also highlighted XRP’s unique use cases, suggesting that its value cannot be fully captured by technical charts alone. For Xena, the community’s faith in XRP is based on its utility in transforming cross-border payments, which could justify higher valuations in the future.

Ultimately, Xena suggested that Edward might be downplaying XRP’s potential to manage his brand and profit from views. 

“I’m Not Here for Fairytales”

Edward responded with a mix of humor and conviction, dismissing Xena’s criticism as an overreaction. He explained that, despite his long-standing admiration for XRP and its technology, he refuses to indulge in “fairy tales” or speculative price forecasts. 

LOL this guy wrote a whole article about my $5-$8 conservative price prediction for $XRP. 😂 He is so upset that my prediction is low. The guys who don’t know how to read charts are calling for $589 and $10K and attacking people with lower price predictions. You can’t make this… https://t.co/oGf2hqwQj4

— Tony Edward (Thinking Crypto Podcast) (@ThinkingCrypto1) December 4, 2024

Referring to his years of experience in the crypto market, he reiterated his belief that realistic price targets must be based on data rather than hope or hype. 

“I’m not here for fairytales, bud. I’ve seen this space filled with conspiracy theories and unrealistic hopes. I respect charts and on-chain data,” Edward said.

Xena, undeterred, expressed disappointment with what she sees as Tony’s shift away from the optimism that initially attracted many to XRP. 

She contended that XRP’s future value might not be driven solely by market charts but by deeper, often overlooked factors—ones that could push the token to much higher levels than Edward is willing to accept.

Meanwhile, prominent XRPL dUNL validator Vet noted that the $589 calls are not necessarily discussions around price targets for XRP. According to him, the commentaries are more about handling challenges and striving for greatness.