CryptocurrencyXRP To Triple Digits? Analyst Confident In $100 Price...

XRP To Triple Digits? Analyst Confident In $100 Price Goal


As one of the top-performing digital assets in the 4Q of 2024, it’s only natural that Ripple’s XRP attracts attention from its detractors and bullish supporters. The bearish sentiment has been wearing down the asset in the last few weeks, pushing the altcoin to as low as $1.96 last March 11th, the lowest in its three-month chart.

XRP has been highly volatile this month, trading between $2.30 and $2.47, still down by 1.6% from its previous month’s price. 

The sentiment is still bearish, but for some crypto analysts like Captain, XRP is set to increase, with $100 as its realistic target. Egrag Crypto, on the other hand, offers a more conservative estimate, saying that XRP can reach double digits this cycle.

Analyst Sets $100 As ‘Realistic’ Target

In a recent Twitter/X post, XRP Captain (@UniverseTwenty) shared that $100 is Ripple’s realistic target this cycle. The post has now received dozens of replies, but it leaves more questions than answers. For example, the crypto analyst failed to identify the timeframe for this surge or the factors or events that can trigger this surge.

XRP Captain’s latest tweet comes just as Egrag Crypto (@egragcrypto) added his thoughts on the coin’s direction. In the Twitter/X thread, Egrag Crypto boldly claims that XRP will hit double digits this cycle and surge to triple digits next.

To justify his predictions for the short term, Egrag Crypto used his “Just Do It” chart. He explained that the measured wave or cup pattern movement has formed within the arc, then added that the potential to this movement is $13.

Will XRP Break Past $300?

Ripple has a few bullish supporters right now, with crypto commentator Dark Defender adding his thoughts on the asset’s latest performance. According to Dark Defender, XRP can surge to $333 if it duplicates its impressive performance during the 2017 bull run. 

Dark Defender’s arguments and predictions for XRP received plenty of criticism. Some argue that XRP will not achieve this market price due to its market cap. Based on the current circulating tokens, XRP’s market cap will hit $1.6 trillion if its price just hits $280. Dark Defender shot down this argument and added that a crypto market cap doesn’t matter and is “just an illusion.”

Featured image from Pexels, chart from TradingView





Original Source Link

Latest News

Is Forever 21 Closing? Inside the Chain’s Second Bankruptcy – Hollywood Life

Forever 21 has filed for bankruptcy for the second time in six years. On Sunday, March 16, Brad Sell,...

Winning in an era of unpredictability

How a one word mindset can supercharge your brand. It’s fair to say that 2025 continues to fly out...

UK trade minister seeks to fend off threat of US tariffs

Unlock the White House Watch newsletter for freeYour guide to what the 2024 US election means for Washington...

In an open letter to the OSTP, Ben Stiller and 400+ Hollywood creatives urge President Trump to not let Google, OpenAI, and others "exploit"...

Todd Spangler / Variety: In an open letter to the OSTP, Ben Stiller and 400+ Hollywood creatives urge...

A 2024 Appellate Decision Says Pardons Don’t Have to Be Signed (or Even Written) at All

President Trump posted this on Truth Social: The "Pardons" that Sleepy Joe Biden gave to the Unselect Committee...

Must Read

Lawrence O’Donnell Exposes Trump’s Fake Tesla Purchase

PoliticusUSA is ad-free, corporate-free, and will never bend...

Cast, Trailer, Release Date & More – Hollywood Life

View gallery Disney’s trend of remaking beloved animated classics...
- Advertisement -

You might also likeRELATED
Recommended to you