Crypto Expert Reveals Why XRP Price Will Rise 1,700% To $10
March 20 2024 - 12:00PM
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Despite concerns about the XRP price performance in this market
cycle, this crypto expert has elaborated on why he believes the
crypto token will still record significant gains. He even predicts
that XRP could rise to as high as $10. Why XRP Price Could
Rise To As High As $10 Nick, the founder of Web3Alert, mentioned in
an X (formerly Twitter) post that his price range for XRP in this
market cycle is between $5 and $10. According to him, this is
possible considering that there are predictions that ETH will rise
to between $7,500 and $10,000 and Bitcoin will rise to between
$100,000 and $150,000. Related Reading: Crypto Report Says
‘Alameda Gap’ Is Gone After Bitcoin Rally, What This Means Nick
noted that the XRP price rising to between $5 and $10 would put its
market cap at $500 billion and 1 trillion, respectively. That puts
the crypto token’s market cap in a similar category to that of
Bitcoin and Ethereum, which could be valued as high as $2.9
trillion and $1.2 trillion if their price predictions are fully
actualized. In other words, Nick argues that XRP hitting
these prices is not farfetched since there is still much room for
growth for the two largest crypto tokens by market cap, Bitcoin and
Ethereum. As those two tokens continue to increase in price, he
expects XRP to follow suit. Interestingly, he opined that his XRP
prediction is “conservative,” suggesting XRP could go way
higher. Following Nick’s assertion, another X user remarked
that comparing XRP to Bitcoin and Ethereum seemed out of place
since BTC and ETH’s price prediction is just a 2x, unlike XRP,
which will need to see a 10x in its price to hit those targets.
Nick responded that this simply shows that XRP is undervalued and
presents a great ROI opportunity in this cycle. The Belief In
XRP’s Potential Nick joins a list of crypto analysts who have
expressed optimism about XRP’s potential in this market cycle
despite its underperformance to start this bull run. Crypto expert
Zach Rector also recently shared his belief and gave reasons why
XRP is still bound to perform well in this bull market.
Related Reading: Bitcoin Halving Retrace Spooks Investors: What Is
It And Why Does It Matter? Although he didn’t give any price
prediction, he alluded to XRP’s fundamentals as one reason why he
holds this belief. Meanwhile, technical analysts like Egrag Crypto
have also made bullish price predictions for XRP heading into this
market cycle. Egrag has even gone as far as suggesting that the XRP
price could rise to as high as $27 at the peak of this bull
run. At the time of writing, the XRP price is trading at
around $0.58, down over 3% in the last 24 hours, according to data
from CoinMarketCap. Token price retests $0.6 | Source:
XRPUSDT on Tradingview.com Featured image from Coingape, chart from
Tradingview.com
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