Top Ripple (XRP) Price Predictions as of Late

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As a seasoned crypto investor with over a decade of experience navigating market cycles and hype trains, I must admit that I approach predictions of astronomical price targets like XRP reaching $100 with a healthy dose of skepticism. While I’ve seen impressive gains in my time, I’ve also learned to temper expectations based on what the current market conditions can realistically support.

TL;DR

  • XRP recovered to $2.18 after dropping below $2 last week, with analysts predicting a potential rally.
  • While some foresee the asset reaching $100 in the future, achieving this would require an unrealistic market cap exceeding $5 trillion.

XRP Rally Incoming?

The recent correction in the cryptocurrency market, beginning last week, had a detrimental impact on many prominent digital assets. Ripple‘s XRP is one such example, as its value dropped from approximately $2.70 on December 17th to below $2 within a few days. However, the bulls have managed to regain some lost ground, causing the asset’s current valuation to stand at around $2.18.

Regardless of the ups and downs, several crypto analysts foresee further highs for XRP in the near future. For example, Mikybull Crypto has declared that the current retest of XRP’s chart appears enticing, predicting a climb to a new record peak of around $4.

In the presentation by EGRAG CRYPTO, they outlined two potential outcomes for XRP. If XRP falls below $2, the analyst predicts it might reach lower targets. Conversely, if XRP surpasses $2.65, this could signal a bullish trend where “fireworks” may start to explode.

Additionally, the user known as Coach, JV also voiced their opinion. A few days back, they expressed confidence that XRP could be one of the cryptocurrencies investors might regret not purchasing at this time.

One possible scenario for XRP is that people may express regret over missed opportunities to buy it at lower prices such as $2, $5, or $7. They might even jump on the bandwagon when its price reaches $100 due to fear of missing out (FOMO). However, the advantage lies in the fact that everyone stands to benefit in the long run, given time. The downside is short-term thinking, which can be detrimental to investment portfolios.

It is important to note that reaching a whopping target of $100 will require XRP’s market cap to skyrocket above $5 trillion. As of this writing, the entire capitalization of the crypto sector is less than $3.5 trillion, making the forecast quite unplausible (to say the least).

Previous Predictions

Other industry contributors who’ve recently shared their thoughts are users Crypto Bitlord and CrediBULL Crypto. The latter expresses optimism, suggesting that “the final surge towards 2024 could be building up,” predicting the price could potentially reach $12 in the coming month.

CrediBULL Crypto told his 450,000 followers on X that “the XRP/BTC chart looks absolutely fantastic” and “the most bullish-looking chart in the entire space.” As such, the analyst said they will look to open a long position in the coming days.

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2024-12-27 14:04