TL;DR
Rippleâs XRP has been one of the crypto marketâs frontrunners lately. A few days ago, its price touched a three-year high of $1.20, while currently, it hovers around $1.16 (per CoinGeckoâs data). Meanwhile, XRPâs market capitalization surged above $65 billion, thus flipping Dogecoin (DOGE) as the sixth-biggest cryptocurrency.
XRP Price, Source: CoinGecko
Perhaps the most apparent factor fueling the assetâs bull run is the growing speculation that Gary Gensler (the current Chairman of the US SEC) might soon vacate his post. During his tenure, the agency has filed countless lawsuits against crypto businesses, including Ripple. The community expects a pro-crypto replacement, and some rumors suggest this might be the case.
Multiple analysts believe XRP has yet to pump hard. X user EGRAG CRYPTO claimed the asset no longer trades alongside âthe genuine wake-up line,â assuming âa mega moveâ to a new all-time high of $7 could be on the horizon.
Dark Defender was even more bullish. The strategist thinks the minor correction will last only a few days and that XRP will then âcontinue the momentum.â
Crypto King also chipped in, albeit outlining a more modest forecast than the aforementioned analysts.
Other popular analysts who envision bright days ahead for XRP include CryptoBull and Crypto Assets Guy. The former described the $1.28 level as the most important barrier in the near future, speculating that the next target could be $1.96 and eventually a new peak of almost $4.
Crypto Assets Guy believes XRP will explode to double-digit territory this cycle, asking the community if they think a triple-digit scenario is plausible. The answers ranged from âyes, of course,â to âno, never.â It is worth mentioning that XRPâs market cap will need to skyrocket to over $5.3 trillion if the price reaches $100.
As of the moment, the entire capitalization of the industry is approximately $3.2 trillion, making the assumption highly unlikely.
The post Top Ripple (XRP) Price Predictions Following the Surge Above $1 appeared first on CryptoPotato.
- XRPâs price surged, fueled by speculation about a potential pro-crypto shift at the US SEC.
- Analysts predict further gains, with targets ranging to as high as $13.
Further Rally Incoming?
Rippleâs XRP has been one of the crypto marketâs frontrunners lately. A few days ago, its price touched a three-year high of $1.20, while currently, it hovers around $1.16 (per CoinGeckoâs data). Meanwhile, XRPâs market capitalization surged above $65 billion, thus flipping Dogecoin (DOGE) as the sixth-biggest cryptocurrency.
XRP Price, Source: CoinGecko
Perhaps the most apparent factor fueling the assetâs bull run is the growing speculation that Gary Gensler (the current Chairman of the US SEC) might soon vacate his post. During his tenure, the agency has filed countless lawsuits against crypto businesses, including Ripple. The community expects a pro-crypto replacement, and some rumors suggest this might be the case.
Multiple analysts believe XRP has yet to pump hard. X user EGRAG CRYPTO claimed the asset no longer trades alongside âthe genuine wake-up line,â assuming âa mega moveâ to a new all-time high of $7 could be on the horizon.
Dark Defender was even more bullish. The strategist thinks the minor correction will last only a few days and that XRP will then âcontinue the momentum.â
Crypto King also chipped in, albeit outlining a more modest forecast than the aforementioned analysts.
Previous Predictions
Other popular analysts who envision bright days ahead for XRP include CryptoBull and Crypto Assets Guy. The former described the $1.28 level as the most important barrier in the near future, speculating that the next target could be $1.96 and eventually a new peak of almost $4.
Crypto Assets Guy believes XRP will explode to double-digit territory this cycle, asking the community if they think a triple-digit scenario is plausible. The answers ranged from âyes, of course,â to âno, never.â It is worth mentioning that XRPâs market cap will need to skyrocket to over $5.3 trillion if the price reaches $100.
As of the moment, the entire capitalization of the industry is approximately $3.2 trillion, making the assumption highly unlikely.
The post Top Ripple (XRP) Price Predictions Following the Surge Above $1 appeared first on CryptoPotato.
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