A crypto analyst, BarriC, is predicting big things for XRP. He thinks it could hit $3 very soon, then shoot up to $5—a new all-time high!
BarriC’s Bullish Outlook
BarriC’s even more optimistic: he sees XRP reaching $10-$20 during the next altcoin season. But that’s not the limit, according to him. He believes XRP could potentially reach a staggering $1,000 sometime in the future, driven largely by institutional adoption and the impact of potential XRP ETFs. He points to the success of Bitcoin ETFs as a potential catalyst for similar growth in XRP.
Another Analyst’s Take
Another analyst, Egrag Crypto, is a bit more cautious but still bullish. He predicts XRP will hit double digits this cycle and triple digits in the next. He also sees XRP ETFs as a key driver of this growth. These ETFs are currently awaiting approval from the US SEC.
Potential Dip Before the Surge
Egrag Crypto warns that XRP might dip one last time before its big rally. If it doesn’t close above $2.30-$2.50 over five days, a retest of $1.85 is possible. However, he maintains his price targets of $7.50, $13, and $27. He also cautions about the possibility of a significant market event, potentially linked to US-China trade tensions, that could cause a sudden price drop.
Current Price and Conclusion
Currently, XRP is trading around $2.10, a slight increase over the last 24 hours. While these are just predictions, the analysts’ optimism highlights the potential for significant XRP price growth, particularly if XRP ETFs get approved. It’s important to remember that crypto markets are volatile, and these are just predictions, not financial advice.